Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Economist advocates re-nationalisation of NITEL

30 October 2015, 15:03

Awka - A renowned Economist, Dr Chu Okongwu, has called for re-nationalisation of the Nigerian Telecommunications (NITEL).

Okongwu, a one-time Finance Minister, made the call at the 3rd Annual lecture series of the Economics Department of the Nnamdi Azikiwe University, Awka on Friday.

His lecture is entitled, "National Security and the Nigerian Economy in the 21st Century."

Okongwu said the repositioning and effectiveness of NITEL would make Nigeria have easy access to high speed Internet for better communication, research and development.

"Nigeria's foremost telecommunication outfit should be strategically restructured and positioned to reap bountifully from the ever booming and lucrative Nigerian telecommunications industry.

"The Federal Government should mandate NITEL to build the National Fixed Fiber Backbone network around the country, this would better permit Nigeria to join the rest of the world in the 21st century economy,” he said.

He said the major threat to world and national security was the redistribution of resources and mass illiteracy among the population.

Okongwu said national security could be better achieved if Nigerian government address the issues of education, housing, infrastructure and indigenisation of technology.

Also read: Buhari to personally probe sale of NITEL

"Man is both the agent and target of development, society-wide education especially in relation to literacy and numeracy is obligatory as a strategy and goal.

"Urgent and correct steps should be taken to stimulate rapid development of local building materials, industries, facilitate mortgage financing, create secondary market and increased access to such financing.

"The deplorable state of our infrastructure is such that the nation stands in danger of losing her investment of over 30 billion dollars in the road network alone," he said.

Also, Prof. Adewale Alawiye-Adams of Afe Babalola University, Ado Ekiti, said the theme of the lecture was apt as Nigerian economy had suffered retardation due to multiplicity of national security challenges.


Tags nitel nigeria

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...