Nigeria is investing ₦265 billion naira in broadband infrastructure

Techloy
Techloy
Jan 11 · 1 min read

The Nigerian government is planning to invest ₦265 billion naira ($732 million USD) in its broadband infrastructure over the next four years in a nationwide coverage plan aimed at making the Internet more accessible and affordable.

According to Umar Danbatta, the chief executive officer of the Nigerian Communications Commission, the government will provide ₦65 billion naira for the project, while six private infrastructure companies will provide the balance under a public-private partnership.

In an interview with Bloomberg, Danbatta says an additional 30,000 kilometres of fiber would be rolled out across the country’s 774 local governments, bringing the total to 71,000 kilometres by 2024, adding that the Internet penetration rate could rise from 38 per cent to 65 per cent.

The project, which is subject to government approval, is expected to make ‘data [available] everywhere in the country and…cheap,’ says Danbatta, and will help businesses and boost the country’s economy.

Techloy | African technology news and startup culture

Techloy is a digital publication covering technology and innovation in Africa, since 2008.

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Techloy | African technology news and startup culture

Techloy is a digital publication covering technology and innovation in Africa, since 2008.

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