Starting from fourth quarter of 2025, the Federal Government said it plans to deploy 90,000 kilometres of fibre optic infrastructure nationwide, worth N2billion.
According to a statement by Bayo Onanuga, Special Adviser to the President, (Information & Strategy), the Nigeria’s Communications and Digital Economy sector was said to have witnessed massive growth under President Bola Tinubu, attracting $191 million in foreign direct investment (FDI) in Q1 2024—a ninefold increase from $22 million in Q1 2023.
The statement quoted the Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijani to have disclosed this during an interview for an upcoming State House documentary marking President Tinubu’s second anniversary.
Dr Tijani was said to have highlighted the sector’s robust workforce development, driven by the 3 Million Technical Talent (3MTT) programme.
“These foundational reforms, coupled with advancements in artificial intelligence (AI) and the startup ecosystem, have positioned Nigeria as a global leader in the digital economy.”
Comparing FDI inflows, he said: “In Q1 2023, the sector had about $22 million; by Q1 2024, with this administration well underway, we reached $191 million. The trend continued in Q2, increasing from $25 million in 2023 to $114 million in 2024.”
He said “the 3MTT programme, launched in October 2023 to create a tech-savvy workforce, has already trained over 117,000 Nigerians in digital skills, surpassing its initial target of 30,000.
“By last year, we already moved that to over 117,000. With an additional 35,000 in training, the programme is nearing 10% of its 3 million goal. And in the rest of the time in office, we hope to reach the 3 million,” he said.
“We are preparing a $2 billion investment to ensure every Nigerian can access affordable, high-quality connectivity regardless of location. Increasing connectivity hubs by just 10% could yield a 2.5% GDP growth.”
On Startup House in San Francisco—an initiative targeting $5 billion in startup funding, he said “Our goal is to attract $5 billion in investments for Nigerian startups, supported by the Startup Pact and Trade Desk initiatives, which will connect local tech firms to global opportunities and government procurement.”
