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See How Many Billions Minister Needs to Lay Fibre Optics Cable

NewsHawkNG by NewsHawkNG
December 6, 2023
in Business, Top Stories
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Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, stated in an interview on Channels TV that an estimated $2 billion investment is required for the construction of fibre optic cables nationwide in Nigeria.

Tijani emphasized the priority of fibre optics for enhancing communication service quality in collaboration with the Nigeria Communication Commission.

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Current Progress and Future Plans

The Minister disclosed that the federal government has already completed approximately 35,000 kilometers of fibre optics cable across the country. However, to achieve complete coverage, an additional 95,000 kilometers are needed.

He committed to significantly increasing the kilometres of fibre optic cables in Nigeria over the next four years, aiming to secure funding from private companies within the next 6 to 12 months.

Financial Considerations and Timeline

In outlining the financial aspects, Tijani mentioned, “It’s going to cost roughly $1.5 to $2 billion to wire the whole of Nigeria to reach that 95,000. We hope we can accelerate in the next 6 to 12 months, secure that funding that private companies can tap into—it’s not government money—and hopefully work with serious companies that can lay fibre over the next two to three years.”

He expressed optimism that a significant portion of the targeted 95,000 kilometers would be covered within the first four years of the administration.

Federal Government’s Focus on 5G Infrastructure Improvement

Minister Tijani highlighted the government’s efforts to enhance the infrastructural support for the 5G network across the country, acknowledging the need for development to ensure a high-quality network.

He explained that while some locations have the necessary infrastructure, the overall quality of 5G networks is hindered in areas lacking adequate support.

A fibre optic cable, comprising glass fibre strands encased in insulation, is designed for efficient long-distance data networking and high-performance telecommunications. These cables surpass wired alternatives in both bandwidth and long-distance data transmission, playing a crucial role in supporting global internet, cable TV, and telephone networks.

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