Nigeria needs around $2 billion to ensure full fiber optic coverage (Bosun Tijani)

Until now having only 35,000 km of optical fiber, Nigeria needs 95,000 km to ensure complete coverage and guarantee high-speed Internet services to the entire population. Nigeria will have to invest between 1.5 and 2 billion US dollars to extend optical fiber throughout the country. This was revealed by Bosun Tijani (photo), Minister of Communications, Innovation...

Nigeria: Minister Wants to Help Regional ICT Companies

When Tijani visited the SecureID Limited facility in Lagos, Nigeria—the first accredited smartcard manufacturing facility in sub-Saharan Africa—he raised awareness of this. The minister’s visit’s main goal was to familiarise himself with the capabilities of SecureID Limited, a business that is certified by Visa International, Mastercard Incorporated, Verve, GSMA, GH-Link, 9001/2015, Card Quality Management (CQM)...

Nigeria’s ICT sector losing investment

Despite being the main driver of the country’s economic progress for more than five years, Nigeria’s Information and Communication Technology (ICT) Sector is beginning to decline. According to Cardinal Stone Research experts, the slowdown is due to decreasing capital expenditure or capital expense intensity among key telecommunications operators. The industry recorded its lowest real-term growth...

Nigeria: telecoms regulator invites Nokia to increase investments in ICT

The government is seeking partnerships to train 3 million young Nigerians in digital skills over the next three years. Telecom infrastructure company IHS Towers recently committed to invest N1 billion for the implementation of the program.  Aminu Maida, Executive Vice Chairman of the Nigerian Communications Commission (NCC), has called on Finnish technology company Nokia to increase...

Safeguarding the Future: Nigeria Signs AI Safety Agreement along with 17 other nations

On November 1, Nigeria, along with 28 other nations, signed the historic Bletchley Declaration, marking a pivotal moment in global efforts to shape the responsible development and deployment of Artificial Intelligence (AI). This landmark agreement, reflects a shared vision among nations, acknowledging both the immense opportunities and the significant risks that AI presents to humanity....

Nigeria’s e-commerce market expands

In the next four years, Nigeria’s e-commerce sector is expected to hit US$14 billion. In recent months, the industry has grown significantly, attracting significant investment and providing a robust marketplace for small and medium-sized businesses. Coronation Merchant Bank (CMB) stated that assuming an average annual growth rate of 11.7% over the next four years would...

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