The Minister of Communications and Digital Economy, Dr Bosun Tijani, took to his twitter handle to announce that the Federal Executive Council had given approval for a special purpose vehicle to add 90,000km to Nigeria's fibre optic cable infrastructure. This is towards boosting Nigeria's internet connectivity.

After today's Federal Executive Council meetings, we have secured 2 approvals that offer significant opportunities for Nigerians in general, but also specifically for our digital startup ecosystem.

The first is the launch of a Special Purpose Vehicle (SPV) that will support the delivery of an additional 90,000km of fibre optic cable to complement our existing connectivity infrastructure and deliver a stronger national backbone for universal access to the internet across Nigeria.

Over the last few months, we have put in extensive groundwork to set up this SPV which will be modelled in governance and operations similarly to some of the best Public-Private Partnership setups in Nigeria, such as NIBSS and NLNG.

Working with partners and stakeholders from the government and private sector, this SPV will build the additional fibre optic coverage required to take Nigeria’s connectivity backbone to a minimum of 125,000km, from the current coverage of about 35,000km. Upon delivery, this will become Africa’s 3rd longest terrestial fibre optic backbone, after Egypt and South Africa.

This extensive coverage will enable us optimise the unique benefit of having 8 submarine cables already landed in Nigeria and therefore drive an uptake of the data capacity that the cables offer, beyond the current usage level of 10%.

Building on our existing work with the Broadband Alliance, this increased connectivity will help plug the current non-consumption gap by connecting over 200,000 educational, healthcare and social institutions across Nigeria, ensuring that a larger section of our society can be included in the benefits of internet connectivity.

Some of these immediate benefits include:

1.Increasing internet penetration in Nigeria to over 70%
2.Potential reduction of the cost of access to internet by over 60%
3.Inclusion of at least 50% of the 33 million Nigerians currently excluded from access to the internet
4.Delivering up to 1.5% of GDP growth per capita raising GDP from $472.6 billion (2022) to $502 billion over the next 4 year

Dr Bosun Tijani
Federal Minister of Communications and Digital Economy

Breaking News: Peter Obi reacts, condemns Tinubu's administration for giving approval for a special purpose vehicle to build 90,000km fibre optic cable, calls it a white elephant project and laments potential job losses in the corridors where the cable would be laid. Advises government to focus on ending poverty instead.

This I have seen.

For those insulting me that Peter Obi did not say this and laying curses on themselves, THIS IS SATIRE. I have to explain as it is clear some who are quick with insults are extremely limited in understanding.

Hunger dey ooooo
Nigerians can't enjoy connectivity on empty stomach........use the money provide cheaper fuel or energy.

Noted!

You better close that your mouth before them change am for you like Ojo. That one was opening mouth anyhow at the beginning, now him don close shop.

emkz:
Breaking News: Peter Obi reacts, condemns Tinubu's administration for giving approval for a special purpose vehicle to build 90,000km fibre optic cable, calls it a white elephant project and laments potential job losses in the corridors where the cable would be laid. Advises government to focus on ending poverty instead.

This I have seen.

audio cable. You guys are so happy living in a fools paradise

I see what Tinubu's administration is trying to do.

Through SPVs from PPPs like we have with NLNG, which has consistently returned profits to the Nigerian state, Tinubu wants to simultaneously launch several ambitious projects nationwide.

We have seen this with the 2 proposed coastal road projects and now the building of fibre optic cable.

I also hear NIPOST may be restructured to become a profit-making agency.

1. NIPOST Properties & Development Company Limited.

2. NIPOST Transport & Services Limited; -NIPOST E- Commerce Services Limited.

3. NIPOST Financial & Digital Services Limited.

4. NIPOST Microfinance Bank Limited; -NIPOST E-Government Service.

This is according to one @OpeBee on Twitter.

May the Tinubu administration and Nigeria succeed.

emkz:
Breaking News: Peter Obi reacts, condemns Tinubu's administration for giving approval for a special purpose vehicle to build 90,000km fibre optic cable, calls it a white elephant project and laments potential job losses in the corridors where the cable would be laid. Advises government to focus on ending poverty instead.

This I have seen.

Stay off drugs bruv where did you see this in the article ?

CountinBlessins:


Stay off drugs bruv where did you see this in the article ?

You do know what satire and sarcasm mean, right?

Peter Obi wey he papa head no correct.

emkz:
Breaking News: Peter Obi reacts, condemns Tinubu's administration for giving approval for a special purpose vehicle to build 90,000km fibre optic cable, calls it a white elephant project and laments potential job losses in the corridors where the cable would be laid. Advises government to focus on ending poverty instead.

This I have seen.

CountinBlessins:


Fūck you satire and sarcasm too
All three of you can stand in a circle bend over and fūck yourselves hard

Keep your gay vibes to yourself.

emkz:


Keep your gay vibes to yourself.

Fūck your retort

The fibre Sanwo olu claimed he wants to build all over Lagos state, am not hearing anything about it again 2-3 years after the project was started

let wait for bitter grieving obi

emkz:
Breaking News: Peter Obi reacts, condemns Tinubu's administration for giving approval for a special purpose vehicle to build 90,000km fibre optic cable, calls it a white elephant project and laments potential job losses in the corridors where the cable would be laid. Advises government to focus on ending poverty instead.

This I have seen.

As expected, that mumu dull trader will actually say something as stupid as that. I will not be surprised.
The bitter soul sore loser is just seeking cheap attention.

Better project

Another means to siphon our scarce resources

CountinBlessins:


Stay off drugs bruv where did you see this in the article ?

eh,ehh😂😂
Some of you are now the Obi mouthpieces .Na wa o!

emkz:
Breaking News: Peter Obi reacts, condemns Tinubu's administration for giving approval for a special purpose vehicle to build 90,000km fibre optic cable, calls it a white elephant project and laments potential job losses in the corridors where the cable would be laid. Advises government to focus on ending poverty instead.

This I have seen.

lol Peter Obi is very full so I won’t be surprised if he tweets something like this even if it’s sarcasm.

emkz:
The Minister of Communications and Digital Economy, Dr Bosun Tijani, took to his twitter handle to announce that the Federal Executive Council had given approval for a special purpose vehicle to add 90,000km to Nigeria's fibre optic cable infrastructure. This is towards boosting Nigeria's internet connectivity.


Dr Bosun Tijani
Federal Minister of Communications and Digital Economy

The ones they have dug and spoiled roads, how have they helped us?
More critical problems about bad roads, insecurity, poverty, hunger, lack of basic health care facilities etc are bedeiling the country, they are just looking for ways to sap without the people enjoying any benefit from it. carry on. Nigerians are getting wiser

emkz:
The Minister of Communications and Digital Economy, Dr Bosun Tijani, took to his twitter handle to announce that the Federal Executive Council had given approval for a special purpose vehicle to add 90,000km to Nigeria's fibre optic cable infrastructure. This is towards boosting Nigeria's internet connectivity.


Dr Bosun Tijani
Federal Minister of Communications and Digital Economy

Another Format to siphon money like Betta Edu... No one can be Trusted in this Tinubu aka Cityboy Cabinet... Oga Tijani u no stable just dey jump from 3mtt as abandoned project wey u never finish... U com dey get approval for fibre cable abi wetin u call am SPV... So that the Bigger the name looks the more the Money.. wey dollar they oppress Naira...

If Government release the money for this project... It mean sey , nothing do us for this country... Na Sick headed leadership dey worry Nigeria..

Glo One already as Backbone Fibre Network..

Let's manage am like that.. oo

Look at all the statistics... U didn't mention percentage of unemployment rate.. u didn't mention starvation...

U dey mention SPV wey go run on LPG..

U f.up oga bosun.. u and ur master...

You're next twenty generations can't go quota of what Mr Peter Obi have achieved.

Tap0lane:
Peter Obi wey he papa head no correct.

Bluntemperor:


eh,ehh😂😂
Some of you are now the Obi mouthpieces .Na wa o!

And you ain't ashamed of yourself for being the mouth piece of Tinubu?

Abeg so relax , you just want to remain relevant ................Afterall you don dey give shin shin

Good development
Please also call for installation of your CCTV and inverter zero7zero 66 seven 44 three 18

Some people will still wail over this news. They are very allergic to good news.

LegendHero:


lol Peter Obi is very full so I won’t be surprised if he tweets something like this even if it’s sarcasm.

Senseless tribalistic being that never wanted Nigeria to have a fresh breathe

kenbee:

Senseless tribalistic being that never wanted Nigeria to have a fresh breathe

I am sure you mean Peter Obi, the religious and tribal bigot.

skj1377:
Another waste of money.

To an illiterate, Internet penetration and fibre optics backbone is waste of money.

emkz:
Breaking News: Peter Obi reacts, condemns Tinubu's administration for giving approval for a special purpose vehicle to build 90,000km fibre optic cable, calls it a white elephant project and laments potential job losses in the corridors where the cable would be laid. Advises government to focus on ending poverty instead.

This I have seen.

let contact var