The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, announced that the Nigeria will receive $3 billion worth of telecommunications equipment and fibre optic infrastructure by June 2025.

Tijani made this disclosure during a panel session at the Nigeria Development Update event organized by the World Bank.

Dr. Tijani stated that the significant investment will be crucial in advancing Nigeria’s digital infrastructure and strengthening the nation’s digital backbone.

The Minister revealed that telecommunications equipment worth $1 billion is expected to arrive in Nigeria by mid-2025.

He also noted that this will be complemented by fibre optic cables valued at $2 billion, aimed at enhancing broadband infrastructure nationwide.

The $3 billion investment is a result of the Federal Government’s continuous efforts, in collaboration with the World Bank, to attract long-term financing for broadband expansion.

At a recent stakeholders’ event in Abuja, titled “Realising a Nigerian Vision of Broadband for All,” Dr. Tijani discussed the scale of the challenge and stressed the urgent need for investment.

He said “We are here with critical stakeholders on how to attract investments and fund our broadband infrastructure. I am sure everybody that is listening to me probably understands that now we cannot do without technology on the internet; so, we all need quality access regardless of our location.”

He stressed the need for a strong digital backbone.

“There is a need for us to invest in that databank. So, it is the kind of thing that we call the telecommunications infrastructure, or in some cases, we call the fibre optic cables. So, there is actually a cable that helps us make it possible for the internet to happen,” he said.