Would you like to receive notifications on latest updates of the following headlines?

ITU Announces $4.8bn Investments to Enhance Global Connectivity

POSTED ON May 28, 2024 •   Uncategorized      BY Samuel O . Adeniyi
ITU Secretary-General, Doreen Bogdan-Martin | Photo Credit: Getty Images

The International Telecommunications Union (ITU) has revealed new investment commitments totalling $4.8 billion aimed at advancing global connectivity.

This announcement was made on Monday during the plenary of the 2024 World Summit on the Information Society (WSIS+20) forum in Geneva, Switzerland.

These new commitments bring the total pledges through ITU’s Partner2Connect Digital Coalition (P2C) to $50.96 billion, marking significant progress towards the $100 billion goal set for 2026.

The ITU highlighted that these investments are crucial for closing the digital divide, with a focus on leveraging artificial intelligence (AI) to enhance digital access, adoption, and inclusion.

Commenting on the new investment, ITU Secretary-General, Doreen Bogdan-Martin, said, “Closing the digital divide requires a team effort, and today we scored a huge win for global connectivity. I am thrilled to see these amazing new commitments and that we have united P2C and WSIS to break through the halfway point in our goal to help bring the benefits of digital connectivity to everyone, everywhere.

"Because of the leadership, vision, and ambition of P2C’s pledgers, millions of people will be given the opportunity to have more accessible, more affordable digital technologies for socio-economic growth, improved health, and everything that makes connectivity meaningful. It’s extremely exciting to see new pledges begin to leverage the power of artificial intelligence to transform the inclusive digital societies we all aspire to build.”

Among the latest investors, American telecom company AT&T has committed $3 billion to help 25 million people in the hardest-to-connect areas in the United States get and stay connected by 2030, bringing its total commitment since 2021 to $5 billion.

Additionally, the Canadian government is investing CAD 2 billion ($1.46 billion) in the AI Compute Access Fund to support AI businesses and researchers and an additional CAD 400 million ($292 million) for AI adoption across various sectors.

Microsoft has also pledged support for projects to accelerate the inclusion of people with disabilities in technology, including AI.

The WSIS+20 Forum High-Level Event, running from May 27 to 31, gathers government ministers and officials from over 160 countries, as well as representatives from the private sector, civil society, academia, the technical community, the UN System, and intergovernmental organizations to address key trends such as artificial intelligence and space for sustainable development.

Nigeria is represented at the forum by the Minister of Communications, Innovation and Digital Economy, Bosun Tijani.

The outcomes of the WSIS+20 Forum High-Level Event will inform the UN General Assembly WSIS+20 review scheduled for September 2025, which aims to identify how WSIS processes can support the Global Digital Compact expected to be agreed upon at the Summit of the Future later this year.

READ ALSO
Rivers Varsity Suspends Four Students For Assault
BY Benedicta Bassey June 16, 2024 0

The Rivers State University, Nkpolu-Oroworukwo, Port Harcourt has suspended four of its students con...

READ ALSO
French Embassy Unveils Waste Management Project Worth €753,000 in Varsities
BY Benedicta Bassey June 14, 2024 0

The French Embassy, via the Cooperation and Cultural Department, has launched a plastic waste manage...

READ ALSO
ATBU Enhances Research Capacity For Lecturers
BY Benedicta Bassey June 14, 2024 0

The management of the Abubakar Tafawa Balewa University, Bauchi, has enhanced research capabilities...

READ ALSO
Russia Dismisses Claim of Recruiting Nigerian Students For Ukranian War
BY Benedicta Bassey June 13, 2024 0

The Russian Embassy in Nigeria has debunked the claims of recruiting African students, particularly...

READ ALSO
Soludo Warns Tinubu Against Accepting Unsustainable Minimum Wage
BY Benedicta Bassey June 13, 2024 0

Anambra State Governor Charles Soludo on Thursday warned President Bola Tinubu against approving &ld...

READ ALSO
Obi Cubana Lauds Burna Boy For Settling Patients' Hospital Bills
BY Ebiakuboere England June 12, 2024 0

Award-winning Nigerian music star Damini Ogulu, also known as Burna Boy, has been praised by million...

READ ALSO
U.S Don Laments Poor State of Education in Nigeria
BY Benedicta Bassey June 12, 2024 0

A Doctorate in Computer Science from the University of the District of Columbia, in Washington, Unit...

READ ALSO
UK Varsity Grants Expelled Nigerian Students Funding To Return Home
BY Benedicta Bassey June 12, 2024 0

Teesside University in the United Kingdom has on Wednesday announced a financial support to  Ni...

OUR CHANNELS:

Lagos drug lords jail 28 years, forfeit VGC houses
BY Abiodun Saheed Omodara December 27, 2024 0

LAGOS,Nigeria - Four drug kingpins involved in the historic seizure of 2,139.55 kilograms of cocaine...


CBN blames old pipelines for oil revenue drop
BY Abiodun Saheed Omodara December 27, 2024 0

The Central Bank of Nigeria has attributed the significant decline in oil revenue for the third quar...


Two killed, 15 injured on Lagos-Ibadan expressway on boxing day
BY Abiodun Saheed Omodara December 27, 2024 0

The Federal Road Safety Corps has confirmed the death of two people and 15 others injured in a lone...


NHIA inaugurate groundbreaking initiative to reduce mortality
BY Abiodun Saheed Omodara December 27, 2024 0

NIGERIA (NAN) - The federal government, through the National Health Insurance Authority (NHIA) has i...


FCT CP Inspects Recreational Centers in Abuja
BY Ebiakuboere England December 27, 2024 0

ABUJA- The Federal Capital Territory's Commissioner of Police, CP Olatunji Disu, made an operational...


University of Abuja Denies Allegations of Bias in Vice Chancellor Appointment Process
BY Ebiakuboere England December 26, 2024 0

The University of Abuja has denied allegations of bias and irregularities in the ongoing process to...


Govs, ministers advocate peace, unity at Christmas
BY Benedicta Bassey December 26, 2024 0

NIGERIA — Governors, ministers, and lawmakers have called on Nigerians to embrace peace and un...


Okpebholo swears in perm secs urges efficient, transparent service
BY Benedicta Bassey December 26, 2024 0

EDO STATE, Nigeria  —Edo State Governor, Monday Okpebholo, has sworn in new permanent sec...


Osun advocate railway service extension to enhance economic productivity
BY Benedicta Bassey December 27, 2024 0

OSUN STATE, Nigeria —The Osun State government has called on the Nigerian Railway Corporation...


38 dead in Azerbaijan Airlines plane crash on Christmas Day celebration
BY Benedicta Bassey December 27, 2024 0

No fewer than thirty-eight people reported lost their lives following the Azerbaijan Airlines plane...


More Articles

Load more...

Menu