Nigeria is set to revolutionize its digital landscape with a $2 billion investment in a massive fiber optic project. Minister of Communications, Innovation & Digital Economy, Dr. Bosun Tijani, unveiled the ambitious plan to deploy 90,000 kilometers of fiber optic cable across the country, expanding the network from 35,000 to 125,000 kilometers. This infrastructure enhancement aims to provide improved connectivity to communities nationwide, benefitting schools, hospitals, government offices, and businesses.
The project is expected to drive growth in key sectors like education, health, and agriculture, potentially increasing Nigeria’s GDP from $472.6 billion to $502 billion over four years. With a goal to raise internet penetration to over 70% and reduce access costs by more than 60%, the initiative also targets digital inclusion for the 33 million Nigerians currently without internet access.
Through collaboration with state governments and the launch of the 3 Million Technical Talent program, Nigeria is positioning itself as a potential net exporter of technology talent. The project signifies a significant step towards the country’s digital transformation, showcasing its potential to lead Africa’s digital economy.