February 27, (THEWILL) – The Nigerian Communications Commission has said it remains committed to fostering an environment that encourages innovation while prioritizing the security and stability of the telecoms infrastructure.
The Executive Vice Chairman of the Commission, Dr Aminu Maida, reaffirmed this commitment recently at a two-day Telecoms Industry Risk Management Conference held in Lagos
Dr Maida said in an era marked by rapid technological advancements, with the telecoms industry in the forefront of various innovations that shapes communication, the way people conduct businesses, calls for effective risk management.
According to him, emerging technologies and trends present both unprecedented opportunities and challenges.
He said “as we acknowledge that with each generational leap, we face not only technological advancements but also a fresh set of challenges. Anticipating and managing risks associated with 7G will require collaboration, innovation and a proactive approach.”
The NCC boss reiterated the need to consider the implications of emerging technologies such as quantum technologies, advanced artificial intelligence, and block chain technologies, the trends he affirmed holds the potential to transform the industry positively, but also introduce complexities that call for careful consideration of risk management strategies.
The conference which had as its theme, ‘Evolution and Future Risk Management in the Telecoms Industry: Harnessing Emerging Technologies and Trend’, received the welcome address by the Head, Corporate Planning, Strategy and Risk Management, Mr Kelechi Nwankwo.
Mr Nwankwo observed the conference as an exploration and discovery mechanism in a rapidly evolving landscape of the telecoms industry to analyse, adapt, and effectively manage the risks that accompany innovation and development.
He noted that the fast-disruptive world of the telecoms industry has witnessed convergence of diverse technological advancements with the potential of reshaping future, he however noted that with great opportunities, comes great risks, which calls for collective responsibility to address the risks and possibly safeguarding the industry’s growth and sustainability.
Kelechi concluded that the telecoms industry has gone through remarkable transformations, hence, it is the responsibility of key stakeholders to stay informed, prepared, and proactive in managing the potential risks ahead.
About the Author
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
