LunagisthubNigeria Secures $200m AfDB Loan to Boost Fibre Infrastructure and Broadband Growth
The Federal Government has secured a $200 million loan from the African Development Bank (AfDB) to support the rollout of a 90,000km open-access fibre optic network across Nigeria. This initiative aims to deepen broadband penetration, accelerate the digital economy, and connect all 774 local government areas to high-speed internet infrastructure.
Expands Nigeria’s fibre backbone from 30,000km to 120,000km
Targets nationwide broadband growth and digital inclusion
Part of the $800m D-VIBE Project, supported by AfDB, World Bank, and European Bank for Reconstruction and Development
$200m AfDB loan
$500m World Bank funding
$100m European Bank for Reconstruction and Development
€22m grant from the European Union
$2.6m project preparation grant
$1.2bn private sector participation
Addresses Nigeria’s infrastructure deficit
Unlocks opportunities across sectors
Empowers young Nigerians to participate in the digital economy.
With this initiative, Nigeria is set to take a major leap forward in its digital transformation journey.
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