MTN and Mafab Communications have won Nigeria’s 5G spectrum auction: “The commission fixed the base price at $197.4 million. The two winners got the nod of the regulator at $273 million”. That means Airtel, Glo and others are going to return to the drawing board as this asset class could redesign the sector many years from now.. 

Yes, I am not moved by 5G in Nigeria to be that significant in the immediate near future. The fact remains that many would be fine with 3G or 4G if they are available and reliable. So, forget the nomenclature and demand for quality service irrespective of the technology generation. If 3G is reliable, many would be fine in Nigeria. 

Yet, congrats to MTN and Mafab – they are possibly going to make it possible for civil servants to be paid this December. Please send the alerts fast once you get the invoices; Nigeria needs money.

To NCC, well done. You remain the best agency or government unit in that nation.

MTN and Mafab Communications Limited have won the bid for the 5G spectrum auctioned by the Nigerian government Monday.

The Nigerian Communications Commission conducted the auction at the Transcorp Hotel in Abuja for the available two slots for the 3.5 GHz spectrum.

MTN Nigeria, Mafab Communications Ltd, and Airtel Networks Ltd participated in the bid using the Ascending Clock Auction System.

Nigeria needs money and there are many ideas which are evolving in the nation especially on VAT: “The Finance Bill is proposing an amendment to section 10 of the VAT, by introducing a new section 10, putting the burden of VAT on non-resident digital companies rather than non-resident individuals.”

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the proposed amendment to the Finance Act will ensure that Amazon and other digital companies become Value Added Tax collectors for the Federal Inland Revenue Service (FIRS).

Ms Ahmed said the bill, which emanated from the executive arm of government, if passed by the lawmakers and assented to by President Muhammadu Buhari, will reduce ambiguity and restrict VAT obligations to digital non-resident companies.

The minister spoke in Abuja on Monday at the public hearing into the bill.

The hearing was organised by the House of Representatives Committee Finance.

Mr Buhari had transmitted the bill to the two chambers of the National Assembly last week Tuesday.

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The next edition of Tekedia Mini-MBA which begins Feb 7 2022 will be the best yet! Many new courses are coming. I am excited to share that Charles Igwe PH.D, EMBA, PMP has joined the Faculty of Tekedia Institute. A graduate of University of Benin, Coventry University and Concordia University.

He will be teaching a course titled “Driving Growth and Operational Excellence Using Lean Six Sigma”. The goal here is to use the Lean Six Sigma principles to educate on the mechanics of business growth and operational excellence.

If you are in business, this is a civil engineer teaching business in the most practicable and quantifiable way. One of my finest courses in FUTO was the one that included Engineer Turns Manager. Dr Charles has a 160-page slide here to explain how we can make business growth predictable through probability.

Come with your calculator because you will understand the “Measure of Central Tendency” and how all can improve growth in the firm.

Dr. Charles, welcome to Tekedia Institute and Good People, look at our latest curriculum for the next edition of Tekedia Mini-MBA.