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Home Broadband

Nigeria, World Bank Partner to Boost Broadband Infrastructure with $3 Billion Initiative

by Joan Aimuengheuwa
February 13, 2024
in Broadband
1
Nigeria, World Bank Partner to Boost Broadband Infrastructure with $3 Billion Initiative, ICEGOV
Dr. Bosun Tijani, Minister of Communications, Innovations and Digital Economy

Dr. Bosun Tijani, Minister of Communications, Innovations and Digital Economy

UBA
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In a bid to bridge the digital divide, the Nigerian government and World Bank are collaborating to raise $3 billion for a massive expansion of the country’s broadband infrastructure. 

This broadband enhancement project aims to lay an additional 120,000 kilometers of fiber optic cables, potentially enhancing internet access and digital services across the nation.

The initiative, led by the Ministry of Communications, Innovations and Digital Economy, recognizes the importance of technology in today’s world. 

Minister Bosun Tijani noted the need for “quality access regardless of location,” acknowledging the limitations of the current 3,035 kilometers of fiber optic cables in meeting the demands of Nigerians.

The project envisions a two-phase approach. The first phase, backed by the World Bank, will involve laying 95,000 kilometers of cables. This is expected to deliver immediate improvements in accessibility and digital content availability across the country.

World Bank Regional Director Franz Drees-Gross highlighted the dynamic digital ecosystem in Lagos and expressed confidence in Nigeria’s potential to become a hub for West African digital services. 

He emphasized the need to go beyond infrastructure development, stressing the importance of affordability, device accessibility, relevant content, and digital skills development.

Funding for the project will come from various sources, including the World Bank, other development finance institutions, and the private sector. Minister Tijani is optimistic about securing the required funds within the next two to three years.

This joint effort is a way forward in achieving the Nigerian National Broadband Plan 2020-2025, which aims for 70% broadband penetration by 2025. The project will improve internet access and digital services for individuals and also bring about a stable digital economy, potentially creating new businesses, employment opportunities, and avenues for growth across various sectors.

The success of this initiative hinges on addressing Drees-Gross’s mentioned concerns – affordability, device access, relevant content, and digital skills development. Alongside infrastructure expansion, these aspects will be important in ensuring the project truly delivers on its promise of “Broadband for All.”

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  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

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Tags: 70% broadband penetrationBosun TijaniBroadband InfrastructureFranz Drees-GrossNigeriaWorld Bank
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

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  1. Pingback: After Tinubu's Meeting with Bosun, FEC Approves SPV for Deployment of 90,000km Fibre Optic Cable - Tech | Business | Economy

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