NIMASA TARGETS $8BN MARITIME COMPONENT OF OIL AND GAS INDUSTRY

associated growth in trade, availability of and access to foreign exchange, as well as the evolving factors in domestic maritime regulation.

“As a regulator, we are driven by values and commitment, as these are the only way that investors can be attracted to harness the great potentials in our maritime sector. On our part, we will continue to work out incentives and maritime sector specific interventions to attract investments, ”he said.

Speaking further, he expressed delight at the maritime forecast release which coincided with the release of the country’s gross domestic product (GDP) figures by the National Bureau of Statistics (NBS) confirming Nigeria’s exit from recession. He noted that it is a positive indicator that Nigeria’s economy is rebound for growth in 2018 and beyond.

He said the forecast reviewed developments in the industry in 2017; shows expected International and Local Developments in Policy and Regulatory Environment for the Maritime Sector in 2018 and 2019 and also takes a look at Emerging Opportunities and Challenges for the Maritime Industry; all with the sole aim of realising a robust and business friendly maritime domain that will also create avenues for economic prosperity. NCC SET TO LICENCE AMATEUR RADIO SERVICES, 60GHZ BAND IN NIGERIA

under the regulation of NCC.

Nwaulune further explained that the 60GHz spectrum would be subject to approval by the National Frequency Management Council.

Speaking on the benefits, Nwaulune said the 60GHz spectrum comes with socioeconomic benefits through the enhancement of broadband service delivery, such as ease the pressure on currently utilised public spectrum bands used for WiFi, Utilisation of Green Field Spectrum band, its utilisation would bring moderate revenue for the government through equipment type approval.