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TSSF To Address Brain Drain Effect On Telecoms Industry

Posted on by darion

Leading figures in the telecommunications and information and communications technology (ICT) sectors are set to gather for the fifth edition of the Telecom Sector Sustainability Forum (TSSF 5.0).

The event themed “Mitigating the Effect of Talent Exodus and its Impacts on the Growth of Nigeria’s Telecommunications Industry” is designed to explore and highlight one of the critical challenges facing the sustainability of Nigeria’s telecommunications sector.

This conference, organized by Business Remarks, is scheduled to take place on Thursday, September 19, 2024 at CITIHeight Hotel, Opebi-Sheraton Link, Ikeja Lagos.

The conference, according to the organized, will feature keynote speeches, thoughtprovoking discussions, innovative presentations, and net – working opportunities from renowned industry experts, providing stakeholders with valuable insights, knowledge, and practical strategies to rethink the possibilities and challenges facing the sector.

Speaking about the event, the convener of the forum and Managing Editor of Business Remarks, Bukola Olanrewaju, noted that the Nigerian telecom sector is currently grappling with a multitude of challenges which include unreliable power supply, rising operational costs, frequent call drops, poor network coverage and the high naira-todollar exchange rate has led to brain drain in Nigeria, adding that the challenges have continued to hamper telecom companies’ ability to invest in new equipment and infrastructure.

“Sadly, the sector has started to experience a huge depletion in its talent workforce, a severe brain drain,” she said. Olanrewaju stressed that the escalating depletion of talent and skilled workforce in critical sectors of the Nigerian economy is a pressing concern.

“This loss of human capital poses a significant threat to the nation’s productivity and economic growth. “The brain drain exacerbates existing skill shortages, hindering the country’s ability to innovate and develop domestically. If left unchecked, this trend could cripple the Nigerian economy.”