• Sat. Jul 13th, 2024

Dr. Aminu Maida Unveils Strategies For Navigating Risks In Telecoms Industry Evolution

In a gathering of esteemed professionals at the “Telecoms Industry Risk Management Conference” held at the Radisson Blu Hotel in Ikeja, Lagos, Dr. Aminu Maida, the Executive Vice Chairman/CEO of the Nigerian Communications Commission (NCC), delivered a compelling keynote speech addressing the theme, “Evolution and Future Risk Management in the Telecoms Industry: Harnessing Emerging Technologies and Trends.”

Dr. Maida highlighted the significance of the conference in providing a platform to explore the central issue of risk management in an era defined by rapid technological advancements.

The conference delved into the current landscape of 5G networks, emphasizing the wider attack surface due to increased connected devices and denser network infrastructure. Dr. Maida stressed the need to cast our gaze into the future, as 6G technology emerges, promising even faster speeds, lower latency, and groundbreaking applications. He acknowledged the potential of 6G to revolutionize connectivity but also emphasized the responsibility to address new risks, including cybersecurity threats and ethical considerations.

As the horizon expands to the prospect of 7G technology, Dr. Maida urged stakeholders to anticipate and manage the associated risks collaboratively. He emphasized the importance of collaboration, innovation, and a proactive approach to seamlessly integrate these technologies into our interconnected world.

Dr. Maida also highlighted the implications of emerging technologies such as quantum technologies, advanced artificial intelligence, and blockchain technologies. While acknowledging their transformative potential, he emphasized the need for careful consideration in risk management strategies.

The NCC, under Dr. Maida’s leadership, remains committed to fostering an environment that encourages innovation while prioritizing the security and stability of Nigeria’s telecom infrastructure. Dr. Maida called for collaborative efforts among regulators, industry players, and stakeholders to share best practices, threat intelligence, and resources.

He stressed the importance of building a culture of risk awareness within the industry, empowering individuals with knowledge and skills to proactively identify and report risks. Dr. Maida encouraged leveraging emerging technologies like AI to generate data-driven insights for real-time risk management.

In closing, Dr. Maida urged participants to not only address challenges posed by current technologies but also anticipate and prepare for opportunities and risks associated with the evolution towards 6G and beyond. He expressed optimism that the collective efforts of the industry would ensure its adaptation and thriving at the forefront of technological innovation.

In a welcome address by Mr. Kelechi Nwankwo, Head, Corporate Planning, Strategy & Risk Management (HCPSRM), at the Telecoms Industry Risk Management Conference reiterated Dr. Maida’s commitment to reviewing operating standards in line with international best practices. The theme, “Evolution and Future Risk Management in the Telecoms Industry: Harnessing Emerging Technologies and Trends,” sets the stage for exploring and effectively managing risks associated with innovation. The conference aims to analyze, adapt, and develop strategies for the ever-changing landscape of the telecoms industry, considering technological risks in the global context.

Mr. Nwankwo encouraged active engagement, open dialogue, and contributions to fruitful discussions, emphasizing the importance of collectively unlocking new approaches to risk management for the industry’s future. He thanked all distinguished guests and participants, marking the commencement of a remarkable journey of exploration and collaboration.

Hyacinth Beluchukwu Nwafor

Hyacinth Beluchukwu Nwafor is a seasoned journalist and the CEO/Founder Belch Digital Communications, publishers of Hybrid News Nigeria.

Leave a Reply