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The Federal Government’s has announced it will commence fibre optic rollout in February 2025.
The project involves the deployment of 90,000 kilometres of fibre optic cable across the country.
The move, among other things, is aimed at increasing Nigeria’s backbone network from 35,000km to 125,000 km.
The Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijani, made this disclosure in a statement obtained from his X handle.
Meanwhile, the Federal Government in April approved the Special Purpose Vehicle that would deliver the project.
According to the minister, “The Federal Executive Council has approved the SPV that will deliver on this project, and our development funding partners are currently finalising the SPV structure to ensure the aggregation of funding required for the effective deployment of the fibre optic network.
“Our target is for this deployment to start within the next 6 months.”
The fibre optic rollout is expected to increase internet penetration in Nigeria to over 70 per cent, reduce the cost of access to the internet by over 60 per cent, and deliver up to 1.5 per cent of gross domestic Product growth per capita
