The Minister of Communication and digital technology, Bosun Tijjani has stated that the government is mobilising 49 per cent of Nigeria’s $2 billion fibre optics network investments project.
He stated this in Abuja at a plenary session organised by IHS, one of the largest independent owners, operators and developers of shared telecommunications infrastructure in the world.
Speaking at the ongoing Nigeria Economic Summit, Tijjani stated that in less than two years, 11 states declare zero right of way.
He said, “The biggest issue in the telecom sector is to invest in infrastructure which the federal government is currently mobilizing because we require huge broadband infrastructure to drive telecoms growth.
“Therefore, we said for Nigerians to have connectivity we need to invest in fibre optic networks and it will cost $2bn. Since no single company can raise that, the federal government opted to bring in 49 per cent and we want the private sector to bring the other 51 per cent.”
