Executive Vice Chairman and CEO of the Nigerian Communications Commission (NCC), Aminu Maida, has advocated for robust risk management strategies in the telecommunications industry.
Speaking at the Telecoms Industry Risk Management Conference in Lagos, Maida emphasized the industry’s position at the crossroads of tradition and transformation.
Addressing the theme, ‘Evolution and Future Risk Management in the Telecoms Industry: Harnessing Emerging Technologies and Trends,’ Maida acknowledged emerging technologies’ unprecedented opportunities and challenges.
He highlighted the transformative impact of technologies like 5G, anticipation of 6G, and the looming prospect of 7G, stressing the need for proactive risk management.
Maida cautioned about the evolving risks associated with cybersecurity threats, ethical considerations, and the deployment of new technologies like quantum technologies, advanced artificial intelligence, and blockchain.
He emphasized the NCC’s commitment to fostering innovation while ensuring the security and stability of the telecom infrastructure.
The CEO called for collaborative efforts among regulators, industry players, and stakeholders to share best practices, threat intelligence, and resources in implementing effective risk management strategies.
He urged a proactive approach to managing risks associated with each generational technological leap.
On his part, Kelechi Nwankwo, the Head of Corporate Planning, Strategy & Risk Management, echoed the importance of embracing challenges and opportunities presented by emerging technologies.
Nwankwo highlighted the conference’s relevance in reviewing operating standards to align with international best practices, urging active participation and collaborative dialogue among industry participants.
Experts say the conference serves as a crucial platform for discussions, insights, and collaborative efforts to shape the future of risk management in the dynamic landscape of the telecommunications industry.
