Browsing: NCC

Nigeria to benefit from a $732 million Broadband Project

Nigeria

Nigeria which has one of the largest and vibrant telecom markets in Africa, is now embarking on a new broadband infrastructure investment project worth $ 732 million to boost its economy which is currently recovering from its 2016 economic contraction, Bloomberg news reveals.

As the pace of the Nigeria economy remained soft in 2019 soon after the general elections, economy outlook of the populous nation in Africa shown by African Development Bank (AfDB) indicates that, the GDP growth is expected to sustain a gradual growth in 2020, anticipated to grow above 2.3 per cent, which is quicker than 2019 and below 3 per cent.

According to Bloomberg, the project will be executed within four years as the Nigeria government trains its focus on enhancing the nationwide coverage.

According to the chief executive officer of the Nigerian Communications Commission (NCC) Umar Danbatta, the government of Nigeria will offer over $ 179 …