The Founder of Sasware, a Corporate seed investment company with interests in Fintech, Healthtech, Renewable energy, Agriculture and Enterprise technology, has applauded States that have harmonised the Right of Way charges in line with the National Economic Council resolution, for the benefit of broadband infrastructure deployment.
In reference to Imo State which joined Ekiti; Plateau, Kaduna and Katsina in signing an Executive Order slashing the Right of Way rates, he stressed the need to move further to woo service providers to invest in their respective States.
The Imo State Governor, Hope Uzodinma, while signing the Executive order said it was a manifestation of the government’s determination to spur the telecommunication companies to further invest in broadband infrastructure and trigger ancillary on-line services, especially in the field of education.
He noted in a statement on Wednesday that his government is hopeful that this drastic reduction from N4500 of the broadband ROW to N145 per linear meter of fibre will accelerate the deployment of affordable and reliable modern high-speed connectivity in the State.
In a chat with TechEconomy.ng, Mr. Onuegbu who is also the Founder and Executive Vice Chairman of Signal Alliance, said that Imo state has a few things going for her.
In his words, “Its location makes it a natural hub for certain businesses that stretch across the entire south east and South-South. The state is one of the most educated in Nigeria.
“The State has one of the highest hotel densities in Nigeria. Its diaspora population is a driver of its economy.
“Put together, investment in broadband and technology can position the state as one of the best places in Nigeria for certain businesses that want to explore the Eastern market.
“It’s also a place that can drive a knowledge economy. Post-Covid-19, Imo state can invest in businesses that are remote work ready. The possibilities are endless”.
Continuing, he said, “But its early days. To attract investment, the government has to do more than reduce cost of right of way. It has to actively court service providers to invest in the State”.