President Bola Tinubu and Minister of Communications, Innovation and Digital Economy, Dr. Olatunbosun Tijani
More details have emerged following the inauguration of the National Broadband Alliance for Nigeria (NBAN) by the Federal Government on Tuesday this week in Lagos.
Latest fact check showed that the key aims amongst others are to fully digitalize the nation’s economy and enhance Internet connectivity nationwide.
Business Hilights gathered that the initiative is designed to fast-track the nation’s digital economic growth and close the existing broadband gap across the geopolitical zones of the country.
Speaking at the inauguration ceremony in Lagos, the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, who was represented by the Executive Vice Chairman of the Nigerian Communications Commission, NCC, Dr Aminu Maida, harped on the critical role of broadband in shaping Nigeria’s digital economy.
The minister said: “The NBAN initiative aims to bridge connectivity gaps, drive digital inclusion, and unlock economic opportunities through strategic partnerships across public and private sectors.”
The minister said, “Nigeria has witnessed significant progress in broadband expansion, increasing penetration from 6% in 2015 to approximately 42% as of October 2024.
“However, challenges such as infrastructure gaps, underutilization of fibre networks, affordability, and digital literacy continue to limit full adoption.
“The NBAN is designed to address these issues by aggregating demand across key sectors including education, healthcare, financial services, governance, and e-commerce to make broadband more accessible and affordable.
“Broadband is not just about connectivity; it is a driver of productivity, innovation, and economic diversification. Through the NBAN, we will harness the power of digital infrastructure to enhance education, healthcare, financial inclusion, and governance”, Tijani added.
According to him, the key objectives of the Alliance aligned with Nigeria’s National Broadband Plan 2020–2025 as well as the Ministry’s digital economy strategy, targeting 70% broadband penetration in the country by 2025.
The minister further clarified: “Minimum speeds of 25 Mbps in urban areas and 10 Mbps in rural areas, 80 per cent population coverage by 2027, and a 300–500 per cent increase in broadband investments.
“To achieve these targets, the Federal Executive Council, FEC, has approved a Special Purpose Vehicle, SPV, to deploy 90,000 km of fibre backbone nationwide, ensuring that even the most underserved communities benefit from broadband services,” he added.
