Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Nigerian Naira Falls as Forex Demand Surpasses Dollar Volume

    August 6, 2026

    XRP Price Tanks on Corporate Selloffs, Clarity Act Delay

    August 6, 2026

    Bitcoin Price Declines on Spot ETF Flow, Stagflation Concerns

    August 6, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Nigerian Naira Falls as Forex Demand Surpasses Dollar Volume
    • XRP Price Tanks on Corporate Selloffs, Clarity Act Delay
    • Bitcoin Price Declines on Spot ETF Flow, Stagflation Concerns
    • Worldcoin Sinks 6%, Eightco Holdings Discloses 8.4% Holdings
    • Nigeria Launches Global Investors’ Expo to Market Credible Projects
    • Dangote Refinery Tops U.S. as Europe’s Largest Jet Fuel Supplier
    • Nigerian Stock Market Surges as Investors Gain N192bn
    • Cardano Gains 10% on Inter-Blockchain Communication Launch
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Friday, August 7
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Tech » FG Targets 70% Broadband Penetration at Affordable Rate

    FG Targets 70% Broadband Penetration at Affordable Rate

    Marketforces AfricaBy Marketforces AfricaJune 13, 2022Updated:February 11, 2026 Tech No Comments5 Mins Read
    FG Targets 70% Broadband Penetration at Affordable Rate
    Isa Pantami, Minister of Communications and Digital Economy
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    FG Targets 70% Broadband Penetration at Affordable Rate

    The Federal Government says it is targeting 70 per cent of broadband penetration and not more than N390 per gigabyte by 2025. The Minister of Communications and Digital Economy, Prof. Isa Pantami, said this while delivering a keynote address at a conference and exhibition of Association of Telecommunications Companies of Nigeria (ATCON), in Abuja on Monday.

    The programme was tagged “National Strategic Mobilisation for the Actualisation of National Broadband Target of 70 per cent Conference and Exhibition”.

    It had the theme, “Realising the New Set Target of 70 per cent of Broadband Penetration”. Pantami, who was represented by the Director of IT Infrastructure Solution Department, National Information Technology Development Agency (NITDA), Dr Usman Gambo Abdullahi, said broadband was the backbone of a digital economy.

    He said that the event was aimed at x-raying the current level of broadband penetration, and considering areas of improvement, not only to achieve 70 per cent broadband penetration but to exceed it.

    “We are all aware that broadband supports the development of the digital economy and a focus on growing the national digital economy will also improve and diversify the nation’s traditional economy.

    “The plan is carefully designed to deliver data download speeds across Nigeria. A minimum of 25Mbps in urban areas, and 10Mbps in rural areas.

    “With effective coverage available to at least 90 per cent of the population by 2025 at a price not more than N390 per 1GB of data as well as the penetration rate of 70 per cent by 2025,” he said.

    He said it had been identified by industry experts that 10 per cent increase in broadband penetration would increase the Gross Domestic Product (GDP) of an economy by between 1.6 per cent and 4.6 per cent.

    He recalled that as at July 2021, the broadband penetration was 39.79 per cent.

    He added that the current evaluation of the broadband plan achievements so far revealed that as of the first quarter of 2022, broadband penetration stood at 42.27 per cent.

    He said some of the challenges of broadband included multiple taxation and regulation, non-conformity with agreed Right-of-Way (RoW) charges, difficulty in obtaining approvals and permits.

    He said that burdensome taxes and levies were also some of the huge burdens on the industry and had stifled needed investment in telecommunication infrastructure.

    He said that this steady increase was as a result of relentless efforts made to address those challenges.

    He, however, said that the government was confident that the figure would continue to increase and surpass the set mid-term target of 50 per cent penetration by 2023.

    “Our confidence in this is based on the strength of positive indices in 3G and 4G population coverage, which are presently at 83.65 per cent and 62.55 per cent respectively,” the minister said.

    Malam Kashifu Inuwa, Director General, National Information Technology Development (NITDA), in his paper, highlighted the agency’s contribution toward the demand of 70 per cent broadband penetration, which was, NIRA free domain registration.

    Inuwa said this initiative sought to ensure collaboration between NIRA (.ng registry), NITDA and CAC toward getting more Nigerian businesses online by assigning a free .ng domain to every new business registered with CAC for the first two years.

    He added that Digital Indigenous Language Contents was aimed at the development of digital content in local languages for citizen empowerment to leverage opportunities created by broadband, Digital Literacy Training and Awareness.

    He said the goal of these initiatives was to develop or adopt an explicit Digital Literacy standard with coherent training and requisite certification for the duration of the plan. READ: NCC Reveals Plan to Strengthen Broadband Technology

    “Our goal is to achieve at least one million developers with skills in various aspects of app development in the next 18 months.

    “Our long-term objective is to champion the recalibration of the curriculum of institutions of higher learning, which remain the largest pipeline in the production of digital talent.

    “It will ensure the implementation of the Nigeria e-Government Interoperability framework (Ne-GIF).

    “The Framework specifies concepts, principles, policies, recommendations, standards, and best practices for MDAs to work together towards cross-portfolio and seamless services delivery,” he said.

    Earlier the President of ATCON, Mr Ikechukwu Nnamani, in his opening remarks, said that the event was an interactive session.

    Nnamani said this was something that would drive the country forward in a positive way and lead to development across all sectors of the economy.

    “We are exploring and taking inventory of where we are in terms of the broadband target that has been set.

    “We all know this is critical to the digital economy we are trying to build, which is why the broadband plan must be implemented and achieved,” he said.

    The second session was on the Impact of Broadband Infrastructure on Over The Top (OTT) service providers, Fintech/e-commerce, equipment vendors, VAS providers, satellite operators, internet service providers, Manufacturers’ representatives, and Data Centre operators. # FG Targets 70% Broadband Penetration at Affordable Rate

    Broadband
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Investors Optimistic Ahead of Apple Inc. Q3 Earnings

    OpenAI Says Model Goes Rogue, Hacks AI Startup Hugging Face

    NCC Reviews MVNO Business Rules to Deepen Competition, Expand Telecom Access

    US Lifts Restriction on Anthropic’s Claude Fable, Mythos 5

    NCC Seeks Presidential Backing for Local Smartphone Factories

    AI Future Depends on Resilient Telecom Infrastructure – Adebayo

    Add A Comment

    Comments are closed.

    Editors Picks

    Nigerian Naira Falls as Forex Demand Surpasses Dollar Volume

    August 6, 2026

    XRP Price Tanks on Corporate Selloffs, Clarity Act Delay

    August 6, 2026

    Bitcoin Price Declines on Spot ETF Flow, Stagflation Concerns

    August 6, 2026

    Worldcoin Sinks 6%, Eightco Holdings Discloses 8.4% Holdings

    August 6, 2026

    Nigeria Launches Global Investors’ Expo to Market Credible Projects

    August 6, 2026
    Latest Posts

    Investors Optimistic Ahead of Apple Inc. Q3 Earnings

    July 24, 2026

    OpenAI Says Model Goes Rogue, Hacks AI Startup Hugging Face

    July 23, 2026

    NCC Reviews MVNO Business Rules to Deepen Competition, Expand Telecom Access

    July 16, 2026

    US Lifts Restriction on Anthropic’s Claude Fable, Mythos 5

    July 1, 2026

    NCC Seeks Presidential Backing for Local Smartphone Factories

    June 27, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.