Buhari Invests $732 Million on Broadband

- Public-private partnership targets 65% penetration by 2024
- Program is part of government’s strategy to diversify economy

Nigeria plans to invest 265 billion naira ($732 million) in broadband infrastructure over the next four years as the government sets its sights on nationwide coverage and to boost an economy recovering from a 2016 contraction.

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

The government of Africa’s biggest producer of crude oil wants to increase connectivity for the nation’s almost 200 million people as part of a drive to boost business and help diversify the economy away from the commodity.

The West African nation plans to roll out an additional 30,000 kilometers (19,000 miles) of fiber across its 774 local governments, taking the total to 71,000 kilometers by 2024, Danbatta said in a telephone interview from the nation’s capital, Abuja. The penetration rate could rise to 65% from 38%, he said.

The commission plans to start the project this year after obtaining government approval. Danbatta said. “There will be data everywhere in the country and it will be cheap.”

Source: https://www.bloomberg.com/news/articles/2020-01-10/nigeria-unveils-732-million-broadband-project-to-boost-economy

265 billion for Broadband infrastructure. We should have some damn priorities. Audio infrastructure.

See bubu

Why so much money and last last na long story smh

Bubu is working...

Really

Wow! If true then this would be massive and greatly welcomed!

I know that young man Minister wont disapoint,

God bless Fashola!!!
God bless Ameachi!!
God bless the New Commuinication Minister

the rest can go hug transformer


.

We can't wait

Not to sound like a troll or enemy of progress. But cant this broadband be left in d hands of private investors and that money be used to create jobs, education, health etc. Those are d biggest nigerian challenges. Not criticising anybody, just a thought

God bless FG

Am I the only one or have you all noticed, if these guys want to siphone money, they come up with future projects that wouldn't be accounted for and in the end no one will ask questions?

That was how they promised stable power till they ended up privatizing. Yet, No stable power.

Broadband needs stable power to be efficient and for the end users to even untilize. Now, Seems they putting the cart before the horse.

If I get elected, I wouldn't use that expensive Benz Buhari rides in, Instead that CHEAP LEXUS on my page would do, so to save money.

Geekamon:
265 billion for Broadband infrastructure. We should have some damn priorities. Audio infrastructure.

Investment in infrastructure creates jobs!! if anything, it is too small!!

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Nice development! Let everywhere in the nation gets completely technologically advanced.

Let's handle your buying and shipping from USA. check my signature below for more details.

this is really commendable from the federal governments it's threads like this the you will not see everybody because it's good news, and I beg Glo please use this opportunity to increase your speed and reach.

Laughable! Sounds like aiding and abetting yahoo yahoo boys!!

This man is confused!

what's the meaning of broadband infrastructure ? NTA is a disgrace , FG did not do well in televison broadcasting , they want to put their neck in what the private sector is handling properly. incapacitated FG.

Government job should be strengthening the systems to encourage investments.

as always, money for them boys

265 billion should be enough to make sure that all federal roads in this nation is fixed, without corruption.

I hope it will drive down the cost of data acquisition