• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Business & Finance Business

FG, W’Bank begin talks on 90,000km fibre-optic cable project

Freelanews by Freelanews
June 13, 2024
in Business
0 0
0

Just a few weeks after the Federal Government approved a special purpose vehicle to support the delivery of an additional 90,000 km of fibre optic cable, it has begun talks with the World Bank.

The Minister of Communications and Digital Economy, Bosun Tijani, disclosed this on Tuesday while announcing the kickoff of Nigeria Week in Washington, United States.

Also read: World Bank pledges support for Nigeria’s water sector

 

The project aims to increase Nigeria’s fibre optic cable capacity from 35,000 km to 125,000 km, making it Africa’s third-longest terrestrial fibre optic backbone behind South Africa and Egypt.

Tijani, who co-founded CcHUB, Nigeria’s first tech hub, in 2010, continues to advocate that broadband must be treated as a matter of urgency for Nigeria to advance in the digital economy.

perfect aesthetic dental clinic perfect aesthetic dental clinic perfect aesthetic dental clinic

The minister has been actively engaged with various stakeholders over the past six months to advance this initiative.

“A great kickoff for Nigeria Week today at the World Bank headquarters in Washington, DC.

“Excellent discussions with the World Bank Global Digital Development team on our digital economy agenda, particularly our plans to build out a 90,000 km fibre optic network,” the minister stated on X (formerly Twitter).

Before the minister traveled to Washington for Nigerian Week, he engaged with the representatives of the World Bank in a virtual meeting last week to discuss priority areas on digital trade for Nigeria, preliminary findings and insights from the Digital Trade Policy Gap Analysis.

Beyond aiming for improved broadband penetration in the country, which is still less than 50 per cent, the minister has also developed an artificial intelligence roadmap after assembling about 120 researchers last month.

On Monday, Tijani reassured, “I am consistent in my belief that building our connectivity infrastructure backbone is a fundamental piece of the digital economy we are building. That’s why I am particularly grateful for the ever-increasing support from partners for our work in deploying fibre optic connectivity across the country.”

In May, when the Federal Government assigned SPV for the project, Tijani noted the SPV would be modeled in governance and operations similar to some of the best public-private partnership setups in Nigeria.

The minister stated, “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.”

Nigeria’s broadband target is to achieve a penetration rate of 70 per cent and a population coverage of 90 per cent by 2025, as outlined in the National Broadband Plan 2020–2025.

However, the country has faced significant challenges in meeting this target, including a deficit of fibre infrastructure, high rates charged by state governments for Right of Way (RoW) licenses, security challenges, limited access to foreign exchange, and multiple taxation

The World Bank estimated $6bn in annual investments to bridge Africa’s digital divide and ensure widespread access to digital technologies.

Meanwhile, the Nigerian Communications Commission has secured right-of-way fee waivers in six states, a move expected to significantly boost the telecommunications industry.

The telecom regulator said that there were ongoing discussions with several states to secure additional waivers for right-of-way fees.

freelanews
Freelanews

Freelanews is the editorial byline of Freelanews.com, used for staff reports, news updates, press releases, and collaborative stories produced by the Freelanews Editorial Team.

Related Posts

quotes 62
Business

‘No way!’ MultiChoice resists as regulator moves to peg total TV ad revenue at 25%

by Freelanews
July 27, 2021
quotes 3
Business

‘We don’t take you for granted’ RevolutionPlus apologises, insists on fulfilling obligations to clients (Video)

by Freelanews
February 3, 2022
Hilda Baci JPG
Business

UBA Africa Conversations 2023: Hilda Baci, Owen Omogiafo, Abiola Bawuah, others to discuss growth and business innovation in Africa

by Rtn. Victor Ojelabi
May 22, 2023
CREDICORP's tricycle empowerment initiative
Sustainability

CREDICORP’s tricycle empowerment initiative transforms youth lives

by Peculiar Adirika
July 31, 2025
Naira and Dollar 3
Business

Naira tumbles to N1,234/$ at official market, speculators resume hoarding

by Quadri Olaitan
April 23, 2024

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

environmental sanitation

Agbado Oke Odo LCDA boosts environmental sanitation compliance to 7/10 (Video)

July 25, 2026
Nigerians

1,429 Nigerians repatriated from Niger in May

July 25, 2026
Ondo police

Ondo police arrest 4 officers over ethnic remarks

July 24, 2026
Enugu

Mbah assures passengers of Enugu Air safety after incident

July 24, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
environmental sanitation

Agbado Oke Odo LCDA boosts environmental sanitation compliance to 7/10 (Video)

July 25, 2026
Nigerians

1,429 Nigerians repatriated from Niger in May

July 25, 2026
Ondo police

Ondo police arrest 4 officers over ethnic remarks

July 24, 2026
Enugu

Mbah assures passengers of Enugu Air safety after incident

July 24, 2026
ADVERTISEMENT
July 2026
SMTWTFS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Jun    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • Ijebu-Remo

    75 senators endorse Ijebu-Remo state creation proposal

    0 shares
    Share 0 Tweet 0
  • Agbado Oke Odo LCDA boosts environmental sanitation compliance to 7/10 (Video)

    0 shares
    Share 0 Tweet 0
  • Edo newlyweds reportedly split two days after wedding over food dispute(VIDEO)

    0 shares
    Share 0 Tweet 0
  • Rotary Club of Eko Atlantic upgrades Ilasa Primary Health Centre in major community boost (Photos)

    0 shares
    Share 0 Tweet 0

Just Published!

environmental sanitation

Agbado Oke Odo LCDA boosts environmental sanitation compliance to 7/10 (Video)

July 25, 2026
Nigerians

1,429 Nigerians repatriated from Niger in May

July 25, 2026
Ondo police

Ondo police arrest 4 officers over ethnic remarks

July 24, 2026
Enugu

Mbah assures passengers of Enugu Air safety after incident

July 24, 2026
NBA

NBA Port Harcourt election halted amid voters’ register crisis

July 24, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.