Akingba, however, tasked policymakers to make dollar available, especially for local players in the ICT sector.
He urged policymakers to find a middle ground wherein foreign Telecom operators that have practically unlimited access to capital and other factors of productions do not walk away with practically all the benefits at the same time, stifling indigenous players. “Inclusive growth in this sector remains elusive as inequality persists in these areas I have briefly mentioned. I submit that policymakers must desire that local entrepreneurs who are already disadvantaged from the starting block are intentionally motivated and incentivized to develop local and indigenous content,” he averred.
Despite this commendable trajectory, Azeez said the sector remains grossly dependent on foreign inputs which at the end of every operating year result into capital flights in excess of $2.16 billion, which has put the already distressed economy at even more disadvantaged position.