Nigeria Invests $460M to Connect 90,000km of Fiber

Millions of Nigerians without reliable internet are about to get connected through one of the continent's most ambitious digital infrastructure projects.

Nigeria is channeling $460 million from a World Bank loan into a new fiber-optic network spanning 90,000 kilometers. The project aims to bring affordable, climate-resistant broadband to communities that have been left behind in the digital economy.

The government is creating a special company to build and manage the network, but here's what makes this different: private companies will own at least 51 percent of it. The government capped its ownership at 49 percent to ensure business efficiency and innovation drive the project forward.

The World Bank is releasing the funds in four stages, each tied to real progress. The first $150 million comes after the company forms and partners with private investors. Another $100 million arrives once 5,000 kilometers of fiber cable are installed and working.

The remaining payments depend on hitting bigger targets: 20,000 kilometers for the third payment, and 40,000 more kilometers plus launching wholesale services for the final installment. This performance-based approach means money flows only when actual infrastructure gets built.

The network will operate on an open-access model, meaning any licensed telecom company can use it. This creates competition that should keep prices affordable for everyday Nigerians while ensuring the infrastructure serves everyone, not just profitable urban areas.

The entire project costs $1.6 billion, with private investors covering the remaining $1.1 billion beyond the World Bank's contribution. Nigeria won't start repaying the concessional loan until 2030, giving the project time to generate returns.

The Ripple Effect

Reliable internet access transforms entire communities. Students can access online education resources. Small business owners can reach customers beyond their neighborhoods. Farmers can check market prices and weather forecasts. Healthcare workers in remote areas can consult with specialists through telemedicine.

The climate-resilient design matters too. Traditional fiber networks can fail during floods or extreme weather, leaving communities disconnected exactly when they need information most. This network is built to withstand the environmental challenges Nigeria faces.

The project includes funding for government agencies to learn how to use high-quality broadband effectively. It also establishes community feedback systems so local voices shape how the network develops in their areas.

Construction is set to roll out in phases, with strict environmental and social standards protecting communities during the build. Independent audits will track progress and ensure the money goes where it's supposed to go.

This isn't just about faster downloads; it's about economic opportunity reaching every corner of Nigeria.