Studies have showed that telecommunications technology and innovation are key drivers of sustainable economic growth in any nation, given their role and functions as an essential contemporary infrastructure.
Through the development of value-added goods and services, increased labor productivity, and improved worker efficiency, the ICT sector offers a chance for economic growth and development that is compatible with environmental protection.
According to retired director, Nigeria Deposit Insurance Corporation (NDIC), Dr. Jacob Afolabi, telecommunications technology and innovation play a substantial role in driving globalization and growth of an economy as they make communications and commerce more transnational.
Nonetheless, the swift advancement of telecommunications technology and innovation has brought about certain risks that must be adequately handled to guarantee the telecom companies‘ (Telcos‘) continued existence and competitiveness, as well as to optimize the advantages gained from these changes, Afolabi asserted.
Risks in Telecoms Industry
While technological advancements are changing the way Telcos operate and do business, it is pertinent to note that, the road ahead…
