TUE FEB 25 2025-theGBJournal| The Minister of Communications and Digital Economy, Bosun Tijani, Monday spoke on Nigeria’s progress in internet protocol transition, assuring that Nigeria is on track to become one of the first in Africa to migrate fully from IPv4 to IPv6.
He added that in 2024, the federal government approved a $2 billion investment into 90,000 kilometres of fibre optic cables to ensure nationwide broadband coverage.
This project will have the third-longest fibre network in Africa, following South Africa and Egypt.
According to the Minister, the project has made significant progress, with support from the Ministry of Finance and a $500 million commitment secured by the World Bank.
In his intervention, the Coordinating Minister of the Economy and Minister of Finance, Wale Edun, noted that the ICT sector contributed 16% to Nigeria’s GDP in 2024.
He emphasised the government’s commitment to prioritising the sector as crucial for economic stability and job creation.
He also recalled President Tinubu’s recent meeting with the Chief Executive of Flutterwave, during which the company pledged to support Nigerian youth and SMEs through technology-driven solutions with long-term economic impact.
“Flutterwave is considering listing on Nigeria’s Stock Exchange, and we expect this to strengthen the tech and payments ecosystem further,” he said.
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