Huawei hinges business, economic growth on 5G technology


The Managing Director, Huawei Tech Nigeria, Chris Lu has identified numerous ways the fifth generation of network technology can help accelerate development and improve efficiencies in diverse sectors of the Nigerian economy.

Lu disclosed this during his presentation titled “5G Opportunities in Nigeria” at the just concluded Zenith Tech Fair held at Eko Hotel and Suites, Lagos.

He noted that there was no doubt that the technology has the potential of enabling economic growth and promotion of social inclusion in Nigeria. He described the technology as the next generation of mobile internet connectivity that would impact the economy and transform lives.
Emphasising its advantage for the maritime and mining sectors, he stressed the need for stakeholders to embrace the technology to enhance operational efficiency for ports, improve transport and logistics infrastructure, and the mining processes.

He said businesses and government must now begin to focus on the future by taking advantage of the huge opportunities 5G provides as it would not only help to improve efficiency but also assist in unleashing productivity.

According to him, the technology will to assist businesses in their innovations, create smarter and more efficient manufacturing and easily enhance processes in governance.

Lu stressed that with 5G, easy connectivity and computing are poised to become the bedrock of Nigeria’s digital economy, “We remain absolutely committed to innovation, investment, customer centricity, and would continue to introduce competitive products and scenario-based solutions. And we are dedicated to connecting every person, every family, and every organization,” he said.

Highlighting other benefits of deploying 5G, he stated that 5G has the potential to provide faster data speed and carry a massive amount of data for a large number of simultaneous users in high-density locations such as airports and urban centres.

Commenting further on other opportunities the technology brings, he noted that the company has put an infrastructure strategy in place to build intelligent connections and redefine computing that would achieve system-level competitiveness and excellence

Speaking on its footprint in Nigeria’s financial sector, he explained that the company has established a strong presence in Nigeria by working with local telecom operators to establish network connections with government, financial, and energy enterprises, while also leveraging its solutions to facilitate digital transformation in various industries.

“We are expanding our financial network to provide financial services to the public. We hope we can draw on our years of experience in mobile finance to help Nigeria’s banking sector and complete the transformation of mobile finance and bring benefits to more people. We have established comprehensive strategic cooperation with more than 80 large banking, insurance and securities institutions around the world, becoming a reliable strategic partner for the digital transformation of finance,” he said.