Nigeria: Spectrum Sale Estimated At 1-Billion (US) Dollars - Minister
The Nigerian government has announced the date of the recommencement of the Digital Switch Over (DSO) process from analogue to digital terrestrial broadcasting for the second phase of the remaining 31 states.
According to reports, the Minister of Information and Culture, Alhaji Lai Mohammed, said that at the completion of the Analogue Switch Off (ASO), the spectrum would be handed to the telecom regulatory agency to sell to mobile broadband industries. The minister has estimated the sale of the spectrum band to being worth over 1 billion dollars.
Mohammed stated that the DSO would change the entire landscape and ecosystem of the creative industry and guarantee that the project would be completed successfully on behalf of the government. The DSO project has the capability to create one million jobs in a span of three years, which would generate massive revenue for the country, he added.
Highlighting the reduction in government involvements in the DSO, Mohammed said he is confident that the DSO process will be carried out as per plans stressing the approval of N9.4 billion (US$23 million) by the Federal Government and the setting of the 14-member task force to drive the process. The minister said the government would initiate official communication with the Central Bank of Nigeria (CBN) to negotiate Forex access. This will ensure that barriers to the project, such as the cost of the boxes to the citizens and the manufacturing of boxes, are more cost-effective.