Society Telecoms

22 Institutions, others set to enjoy N16.7 Billion Broadband Access Projects

 

 

More than 22 institutions in the country, comprising 18 universities, and six polytechnics, Micro, Small and Medium Enterprises (MSME), drawn evenly from the six geopolitical zones in the country, have benefited from a Federal Government’s broadband infrastructure projects designed to accelerate the Nigeria Digital Economy efforts.

 

At the unveiling of the projects being driven by the Nigerian Communications Commission (NCC), which held at the Transcorp Hilton, Abuja, Minister of Communications and Digital Economy, Prof Isa Ali Ibrahim Pantami,  who presided over the event, said the projects underscores the importance of broadband connectivity and access as central to the accomplishment of the targets of the National Digital Economy Policy and Strategy (NDEPS) 2020-2030 for a digital Nigeria, and that the project is in line with the mandates of President Muhammadu Buhari on job creation and economic diversification.

 

Pantami, who was joined by the Minister of Federal Capital Territory (FCT), Mallam Mohammed Bello at the event, disclosed that the key infrastructure being provided for the project, comprise of broadband infrastructure for tertiary institutions of learning; broadband infrastructure for MSME; distribution of 6,000 e-pad tablets, in addition to provision of broadband connectivity to 20 markets as a pilot.

 

He said the interest in supporting the MSMEs is justified by their current contribution of more than half of Nigeria’s Gross Domestic Product (GDP) prior to COVID-19 outbreak, and now constitute 96.7 per cent of entire businesses in the country, and therefore, “any effort to develop our economy without bringing such important sector into the equation will amount to efforts in futility.”

 

At the event, which had in attendance the Chairman of the Board of the NCC, Prof. Adeolu Akande; the Executive Vice Chairman of the Commission, Prof. Umar Danbatta; the Executive Secretary, National Universities Commission (NUC), Prof. Abubakar Rasheed; and the Executive Secretary, National Board for Technical Education (NBTE), Prof Idris Bugaje, a book authored by Pantami, titled “Skills Rather Than Just Degrees” with foreword written by Brad Smith, President of Microsoft Corporation, was unveiled for the industry.

 

Pantami said the book is his intellectual contribution to bridging skills gap to enable Nigerians to tap into the opportunities that exist in Information and Communications Technology (ICT) and other sectors of the economy.

 

The book was reviewed by three different Vice Chancellors – Prof. Muhammad Abdulazeez of Abubakar Tafawa Balewa University, Bauchi; Prof Owuanari Georgewill of University of Port Harcourt; and Prof. Sagir Adamu Abbas of Bayero University Kano, who commended the efforts of the Minister in putting his thoughts and experience to paper. They recommended the book, which they commended highly.

 

In their comments, NCC’s Akande and Danbatta, corroborated that the project will fast-track and enhance the ongoing efforts of the NCC’s to deepen connectivity towards achieving the targeted broadband penetration of 70 per cent by 2025.

 

NCC’s Chairman, Prof. Akande, assured of the commitment of the Commission in completing the projects, which will add the necessary fillip to achieving the major objectives spelt out in the NDEPS, 2020-2030.

 

The EVC of NCC, Prof. Danbatta, highlighted the Commission’s drive towards deepening broadband penetration in the country and the promotion of digital skills acquisition to improve service delivery in other sectors of the economy, including education, commerce, healthcare, agriculture, finance, transportation, governance, among others.

 

The event attracted so many stakeholders especially from the academia, as well as technology enthusiasts, including prospective start-up companies, fintech organisations and other interested sectors whose activities are billed to be energized through diligent implementation of the NDEPS and other extant policies guiding the digital economy agenda of the Nigerian government.

 

Leave a Comment

Your email address will not be published.

You may also like

Announcements Business Culture Economy
post-image

 

Lagos State Governor, Babajide Sanwo-Olu, has unveiled a groundbreaking financial initiative aimed at empowering grassroots entrepreneurs and boosting the state’s economy. The program, known as the Lagos State Access to Finance for SMEs Through Cooperatives (LASMECO), was officially launched following a landmark agreement with the Bank of Industry (BOI) and Sterling Bank.

The N10 billion public-private fund will provide Micro, Small, and Medium Enterprises (MSMEs) with non-collateralized loans of up to ₦10 million at a competitive 9% annual interest rate. Beneficiaries will also enjoy a six-month moratorium period. The loans will be disbursed through verified cooperative societies, a move Governor Sanwo-Olu described as a strategic model to ensure both accountability and community impact.

Speaking at the launch, the governor said, “Today marks a significant step forward in our journey to build a more inclusive and resilient economy in Lagos State. This isn’t just about funding — it’s about removing systemic barriers…

Read More
Business Economy

NITDA, Google Hold Strategic Workshop to Accelerate Nigeria’s Digital Transformation Agenda

post-image

In a landmark move to fast-track Nigeria’s digital economy and position the country as a global tech powerhouse, the National Information Technology Development Agency (NITDA) and technology giant Google have commenced a high-level two-day collaborative workshop. The event, which kicked off this week in Abuja, marks a pivotal step in actualizing a broader strategic partnership between the Federal Government and Google, following a significant meeting between President Bola Ahmed Tinubu and Google CEO Sundar Pichai in Paris on February 10, 2025.

The workshop aims to validate critical findings and refine a draft framework built around five transformative pillars that will guide the collaboration between NITDA and Google. These pillars include:

  1. Scalable Digital Infrastructure – Expanding and strengthening Nigeria’s tech backbone to enable widespread internet access and digital connectivity across urban and rural areas.

  2. Read More
Business Culture Economy Entertainment Events Software Tourism Travels Trends

Tayo Folorunsho Calls for Investment and Structural Reforms to Propel Abuja’s Entertainment Industry to Greater Heights

post-image

Tayo Folorunsho, a leading Nigerian entertainment expert and Founder of Edutainment First International Ltd/GTE, has raised concerns about the challenges of running an entertainment business in Abuja. Despite the difficulties, he remains committed to overcoming these obstacles, urging for significant investments and coordinated reforms to unlock the full potential of Abuja’s entertainment industry.

Abuja, Nigeria’s capital city, is renowned for its political significance, booming real estate sector, and vibrant economy. However, Folorunsho, who has successfully run entertainment ventures in Lagos, notes that Abuja’s entertainment market is still in its infancy. Unlike Lagos, where the entertainment scene operates year-round, Abuja’s calendar is more limited, with events mostly concentrated around festive periods. This seasonal nature, coupled with inconsistent support from agencies and organizations, poses a challenge for entertainers and event managers seeking to build long-term businesses in the city.

In…

Read More
Business Economy Finance Fintech

CBN Governor Cardoso Highlights Nigeria’s Economic Progress, Reform Commitment at IMF/World Bank Spring Meetings

post-image

By Anthony Emeka Nwosu


At the close of the 2025 International Monetary Fund (IMF) and World Bank Spring Meetings in Washington D.C., Central Bank of Nigeria (CBN) Governor Olayemi Cardoso delivered an optimistic and reform-driven message at a media briefing with Nigerian journalists, reaffirming Nigeria’s commitment to macroeconomic stability and inclusive growth.

Addressing the press, Governor Cardoso described the week as one of “highly productive engagements” with global financial leaders, international investors, and members of the Nigerian diaspora. According to him, the CBN delegation leveraged the global forum to spotlight Nigeria’s ongoing economic reforms and to explore strategies to deepen stability, enhance the financial sector, and stimulate broad-based growth.

“Thanks to the steps taken over the past 18 months, we have strengthened our monetary buffers and positioned Nigeria to better…

Read More
Business Culture Economy

Nnewi-Born Industrialist, Dr. Stella Okoli, Set To Commission ₦35 Billion Pharmaceutical Factory in Ogun State

post-image

 

 

By Ada Lilian Sunday

From the industrious heartland of Nnewi in Anambra State, a town renowned for producing some of Nigeria’s most formidable entrepreneurs, comes yet another monumental achievement that reinforces the legacy of enterprise that defines the region. Dr. Stella Chinyelu Okoli, founder and Group Managing Director of Emzor Pharmaceutical Industries Ltd., is set to unveil a ₦35 billion Active Pharmaceutical Ingredients (API) manufacturing facility in Sagamu, Ogun State — a project that not only highlights her entrepreneurial foresight but also signals a bold step towards Nigeria’s pharmaceutical self-reliance.

Dr. Okoli’s journey is one deeply rooted in the enterprising spirit of Nnewi, often referred to as the “Japan of Africa” for its robust manufacturing culture. As a daughter of the soil, she has not only upheld but also elevated the town’s proud tradition of innovation and industrial excellence. With over four decades of business leadership, she has transformed Emzor from…

Read More
Business Economy Technology Technology Trends Telecoms

Oluremi Tinubu Commissions Cutting-Edge IT Centre in Honour of Onikepo Akande, Announces Rollout of 10 Additional Centres Nationwide to Drive Tech Inclusion and Economic Growth

post-image

In a historic and forward-looking event, Her Excellency, Senator Oluremi Tinubu, the First Lady of the Federal Republic of Nigeria, officially commissioned a modern Information Technology (IT) Centre named in honour of a distinguished Nigerian icon, Mrs. Onikepo Akande. The facility, situated in a strategic location within the state, is designed to serve as a springboard for digital empowerment, particularly targeting women and young people—two demographic groups that have long been underserved in Nigeria’s rapidly advancing tech ecosystem.

The well-attended ceremony brought together prominent government officials, traditional leaders, members of the diplomatic corps, tech stakeholders, youth groups, and women-led organisations who all gathered to witness the unveiling of what is expected to become a landmark centre for skills acquisition and digital transformation.

In her keynote address, the First Lady underscored the importance of digital literacy and innovation in the…

Read More
Announcements Business Economy

ProvidusBank Launches N50 Billion Commercial Paper Program for Investor Subscription: A Crucial Move for Nigeria’s Economy

post-image

ProvidusBank, one of Nigeria’s leading financial institutions, has announced the launch of a N50 billion commercial paper program, offering investors the opportunity to subscribe to short-term debt securities issued by the bank. The program, which will be available for investor subscriptions, is aimed at raising funds to support the bank’s growth and operations while contributing to the broader stability and growth of Nigeria’s economy.

Key Features of the Commercial Paper Program

The N50 billion commercial paper program is designed to raise funds for general corporate purposes, including working capital needs and the funding of key projects. The program will provide investors with a secure investment avenue while ensuring that ProvidusBank maintains the financial strength necessary to drive its operations and support Nigeria’s economic development.

The commercial paper is being offered with attractive interest rates and…

Read More
Business Culture Economy

FG, WORLD BANK UNITE TO DIGITALLY EMPOWER YOUNG NIGERIANS AND DRIVE JOB CREATION

post-image

On the sidelines of the World Bank/IMF Spring Meetings and following the institution’s Development Committee session, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, reaffirmed Nigeria’s collaboration with the World Bank to advance a shared agenda focused squarely on creating high-quality jobs for young Nigerians.

“Employment generation must be a central pillar of development,” Mr. Edun told journalists, highlighting that Finance Ministers—who serve as the Bank’s Governors—have collectively made this their top priority. “This aligns seamlessly with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which places job creation at the core of our economic revitalization efforts.”

Mr. Edun underscored the pivotal role of multilateral financial institutions in shaping these global development priorities. “We are scaling up efforts with the World Bank to create sustainable jobs and stimulate inclusive growth,” he said, adding that…

Read More