Tuesday, 9 July 2024.

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Nigeria announces $2bn fibre-optic project

As part of efforts towards positioning Nigeria as Africa’s third-largest terrestrial fibre-optic infrastructure in Africa, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Tuesday in Abuja, addressed the Fibre Forward Strategic Development Workshop, organised by the Federal Ministry of Communications, Digital Economy and Information Technology (FMCIDENigeria).

The Workshop marked a significant milestone in Nigeria’s journey towards revolutionising connectivity through a $2 billion Special Purpose Vehicle (SPV) initiative.

The project aims at extending the nation’s fibre-optic backbone by 90,000km, positioning Nigeria to boast as Africa’s third-largest terrestrial fibre-optic infrastructure, upon completion.

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In his address at the event, HM Wale Edun reiterated the Federal Government’s unwavering commitment to ensuring the project’s success, which will foster economic growth, job creation, and technological empowerment.

This initiative demonstrates Nigeria’s dedication to bridging the digital divide and achieving a digitally driven economy.

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Mo Isa
Mo Isa
Mo Isa is writer whose pen only curate the latest news within your neighbourhood.

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