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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Fintech»Orange Group Plans Expansion into the Nigerian Technology Market
    ORANGE GROUP PLANS EXPANSION INTO THE NIGERIAN TECHNOLOGY MARKET

    Orange Group Plans Expansion into the Nigerian Technology Market

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    By Oluwasegun Olukotun on July 25, 2022 Fintech, Investments, Nigeria, Technology

    Orange Group is planning an expansion into the Nigerian market in diversified areas including mobile, data, fixed and financial technology support services.

    A six-man team of Orange Middle East and Africa led by Mrs. Victoria Adefala met with the Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, during a business visit to his office in Abuja at the weekend to declare their intent to do all it takes to get a slice of the Nigerian market.

    “We are here to ensure steady investment for a long term. We also want to support the vision of the Commission in driving broadband penetration for a robust digital economy and leverage on local content development initiatives,” she said. . The delegation including Orange’s Africa Director of Regulatory Affairs, Mr. Jean Chalhoub, sought clarifications on several regulatory and policy issues that will engender the company’s speedy entry into the country.

    Adefala said Nigeria is missing in Orange Group’s portfolio of combined networks of over 140 million subscribers across 18 countries of its operations. “The large market potentials buoyed by the huge population, impressive Gross Domestic Product (GDP) figure, proximity to our operations in the neighbouring African countries, as well as the appreciable friendly operating environment are great motivators for our expansion plan into the Nigerian telecom market.”

    Danbatta reassured the delegation of a robust policy and regulatory environment that provides quality enabling environment and has the full support of the Federal Government, as evidenced in the contents of such instruments like the Executive Order 001 on the promotion of transparency and efficiency in the business, the Presidential Enabling Business Environment Council (PEBEC), and the Federal Government’s Economy Recovery and Growth Plan (ERGP) with ample provisions to protect investors.

    He said the Commission has also taken several other regulatory steps aimed at improving the operational environment such as the ongoing collaboration with the Nigerian Governor’s Forum (NGF) to reduce Right of Way (RoW) charges on telecom infrastructure deployments; signed Memorandum of Understanding (MoUs) with various government and institutional stakeholders across the country; developed guidelines and regulations to promote colocation of infrastructure; and upheld a fair competitive operating environment, among others.

    “We welcome more investments into the Nigerian telecom sector. We have enabling laws and regulations that help us to engender a highly competitive telecom market that benefits both the service providers and the consumers. The NCC is here to ensure we support our licensees to thrive while also ensuring that they comply with Quality of Service (QoS) Key Performance Indicators (KPIs) set by the Commission because Nigerians will patronise an operator that provides them with affordable services at the highest quality,” he said.

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