The Federal Government has announced plans to invest an additional $2 billion to deploy 90,000km of fibre optic infrastructure starting Q4 2025.
Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, said the move aims to boost broadband access and digital inclusion nationwide.
Tijani highlighted a surge in FDI from $22 million in Q1 2023 to $191 million in Q1 2024, attributing the growth to reforms, AI readiness, and the 3MTT programme, which has trained over 117,000 Nigerians in digital skills.
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The minister also unveiled a $5 billion startup investment target via the Nigeria Startup House in San Francisco, alongside government support for AI and blockchain innovations in agriculture. N300 million has been invested in 10 AI-driven startups, while 55 researchers are exploring tech solutions in key sectors.
To close rural gaps, 7,000 telecom towers are expected to drive nationwide coverage to 98%, supported by zero-rated Right-of-Way policies in 12 states. The government also projects 90% broadband penetration by year-end up from 48% last year as part of long-term reforms to grow the digital economy's GDP contribution.
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