Nigeria’s $2bn Fibre-Optic Project Will Revolutionize Connectivity 

In a bid to position Nigeria as Africa’s third-largest terrestrial fibre-optic infrastructure in Africa, Mr. Wale Edun, the Honourable Minister of Finance and Coordinating Minister of the Economy, on Tuesday in Abuja, addressed the Fibre Forward Strategic Development Workshop, organized by the Federal Ministry of Communications, Digital Economy and Information Technology (FMCIDENigeria).

Director, Information and Public Relations, Minister of Finance, Mr. Mohammed Manga in a statement said the workshop marked a significant milestone in Nigeria’s journey towards revolutionizing connectivity through a $2 billion Special Purpose Vehicle (SPV) initiative.

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

In his address at the event, 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.