Nigeria is advancing a monumental plan to blanket the nation with 90,000km of fiber-optic cable. This $2 billion BRIDGE Project, backed by a $500 million World Bank credit, aims to connect 33 million currently offline Nigerians. In a unique public-private structure, the government will take a 49% minority stake in a specially created company, while private investors retain majority control and manage the rollout. A financial advisor is being selected to finalize the project company’s formation, with the first deployment phase targeting 30,000km slated to begin this year. This ambitious infrastructure effort promises wholesale, open-access broadband, aiming to dramatically expand digital inclusion and fuel economic growth across all local government areas.
TechCabal
