- INTRODUCTION
The Fifth Generation (5G) Technology is relatively new to the world, and promises to be
the fastest of its earlier counterparts. It has an air latency of 8-12 milliseconds 1 , with the
potential to provide an improved internet experience for its users as well as the opening up
of opportunities for accelerated growth and smart living. Albeit the concerns as to
whether this technology is hazardous to humans and possibly overhyped, the truth remains
that Information Technology is a rapidly developing industry and there is a constant race
around the world to catch up with the trends. This race results in competition in the
relevant markets, the Telecommunications industry, in particular.
Competition in any economy is geared at ensuring consumers are given an array of choices
from which to make preferences, while prices, amongst other factors, are also regulated
by competition. The capitalist nature of world economy and the Nigerian markets
specifically however, tend to beam its focus on profit making at the expense of consumers,
mainly for the benefit of investors and capitalist market operators. Nevertheless, these
capitalist tendencies are not bereft of counterbalance. Consequently, statutory
regulations and commissions are usually set up as the occasion demands, to monitor the
activities and operations of marketers in sensitive sectors of the economy. These checks
are to ensure operations in these markets are in tandem with the political and
governmental goals of the state at large and comply with the demands of market forces,
vis-a-vis the attainment of a win-win for all stakeholders in the particular sector. Some of
these regulators include the Central bank of Nigeria as a regulatory body for the banking
industry, the Department of Petroleum Resources for Crude oil industry, Federal Inland
Revenue Services for the taxation industry, the Nigerian Communication Commission, for
the telecommunications industry in Nigeria, to mention a few.
The questions to be answered are whether or not there still exists competition in the 5G
race in the Nigerian Telecommunications Industry.
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