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FG’s 90,000km Fibre Optic Cable Project Gets Boost as World Bank Approves $500m Loan

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The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, has announced plans to deploy 90,000 kilometres of fibre optic cables across the country.

According to him, the project is backed by a $500 million World Bank facility.

This initiative aims to deepen connectivity and digital inclusion across the country just as the Federal Government is intensifying efforts to expand digital infrastructure nationwide.

Giving a report of the sector, Tijani said Nigeria’s telecommunications industry has continued its upward trend in the third quarter of 2025, with active voice subscriptions reaching 173.54 million in September, up from 171.57 million in August.

He noted that the Nigerian Communications Commission (NCC) has reported significant progress, with broadband penetration climbing to 49.34 percent, representing 106.97 million high-speed internet connections.

MTN Nigeria retained market leadership with 90.33 million subscribers, accounting for 52.12 percent market share.

Airtel followed with 58.47 million users, while Globacom recorded 21.39 million subscribers.

The GSM segment controls over 99 percent of total mobile subscriptions, underscoring mobile connectivity’s dominance.

The telecom sector remains a significant contributor to Nigeria’s economy, accounting for 9.2 percent of Gross Domestic Product (GDP) in Q2 2025.

Analysts attribute this performance to rising demand for digital services, mobile penetration, and ongoing investments in network infrastructure.

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See also  Broadband expansion: World Bank, Nigeria to raise $3bln - Tijani

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