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    Home > Chemicals Industry > International Chemical > Nigeria has invested nearly $39.2 billion in submarine cables in the past five years

    Nigeria has invested nearly $39.2 billion in submarine cables in the past five years

    • Last Update: 2022-12-27
    • Source: Internet
    • Author: User
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    Nigeria's federal government says its investment in submarine cables has risen to 2.
    2 trillion yuan (about 39.
    2 billion yuan) of naira
    in the past five years.
    More investors are currently investing in submarine cables
    in the ICT sector.

    This was revealed by Nigerian Transport Minister Adebayo Shittu at the Nigerian Internet Governance Forum in Abuja, where he also said that mobile broadband penetration had risen to 20.
    95%.

    Internet penetration has also made considerable progress, with more than 103 million citizens now using the Internet
    .

    "The Ministry of Transport has achieved some important milestones
    in its mission to develop the telecommunications and ICT sector," Shittu said.
    Today, active mobile broadband penetration in Nigeria has risen from less than 10% in 2015 to 20.
    95%
    in 2017.
    Nigeria's internet penetration rate reached the milestone
    of 47.
    44%.
    Nigeria is undoubtedly the most active internet user in Africa, with over 103 million users as of May 2018, ranking tenth
    globally.
    Most of these data users are based on 4G technology, and there are now a large number of telecom providers offering 4G LTE services
    .

    He said the federal government believes that as a nation, broadband internet access should be as suitable for every citizen
    as water and air.
    Nigeria has attracted more than N2.
    2 trillion in submarine cable investment
    over the past five years.
    Many other subsea active cables are currently under construction and will further increase penetration in the future
    .

    This article uses the real-time exchange rate of 1 Nigerian naira = 0.
    01779 CNY

    Nigeria's federal government says its investment in submarine cables has risen to 2.
    2 trillion yuan (about 39.
    2 billion yuan) of naira
    in the past five years.
    More investors are currently investing in submarine cables
    in the ICT sector.

    Submarine cables

    This was revealed by Nigerian Transport Minister Adebayo Shittu at the Nigerian Internet Governance Forum in Abuja, where he also said that mobile broadband penetration had risen to 20.
    95%.

    Internet penetration has also made considerable progress, with more than 103 million citizens now using the Internet
    .

    "The Ministry of Transport has achieved some important milestones
    in its mission to develop the telecommunications and ICT sector," Shittu said.
    Today, active mobile broadband penetration in Nigeria has risen from less than 10% in 2015 to 20.
    95%
    in 2017.
    Nigeria's internet penetration rate reached the milestone
    of 47.
    44%.
    Nigeria is undoubtedly the most active internet user in Africa, with over 103 million users as of May 2018, ranking tenth
    globally.
    Most of these data users are based on 4G technology, and there are now a large number of telecom providers offering 4G LTE services
    .

    He said the federal government believes that as a nation, broadband internet access should be as suitable for every citizen
    as water and air.
    Nigeria has attracted more than N2.
    2 trillion in submarine cable investment
    over the past five years.
    Many other subsea active cables are currently under construction and will further increase penetration in the future
    .

    This article uses the real-time exchange rate of 1 Nigerian naira = 0.
    01779 CNY

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