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Project BRIDGE: Nigeria Seeks USD 2 Billion Investment for Fibre Backbone Development

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Project BRIDGE: Nigeria Seeks USD 2 Billion Investment for Fibre Backbone Development

(3 Minutes Read)

 The Nigerian Federal Ministry of Communications, Innovation, and Digital Economy has initiated investor consultations for Project BRIDGE (Building Resilient Digital Infrastructure for Growth), aiming to enhance Nigeria’s broadband infrastructure with the deployment of 90,000 km of fiber optic cables. The USD 2 billion project, led by Dr. Bosun Tijani, seeks to provide universal access to ICT, particularly in underserved areas, positioning Nigeria as a digital economy leader in Africa.

Structured as a Public-Private Partnership (PPP), the Nigerian government will retain a minority stake of 25-49%. A professional board will manage the project, ensuring transparency and fairness. Interested private sector participants must demonstrate a proven track record in broadband or telecommunications, financial capacity, and compliance with governance standards.

This is an open invitation for private sector participants who meet the specified criteria and want to contribute to Nigeria’s digital future. This initiative offers strategic investors the chance to develop and finance the country’s broadband infrastructure, while also playing a significant role in the digital economy, according to Engr. Faruk Yusuf Yabo, Permanent Secretary of the Ministry.

The Ministry emphasises the need for transparency and fairness throughout the project’s implementation. Interested investors are encouraged to fill out a consultation form available on the Ministry’s official website. Although submitting the form does not guarantee participation in the procurement process, the Ministry states that it is a crucial step in the consultation phase to gather important insights and ensure that all relevant stakeholders are engaged.

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The consultations will inform a competitive bidding process, leading to a Request for Expression of Interest. This project aligns with Nigeria’s National Broadband Plan 2020-2025, which aims to boost broadband penetration from 42.27% to 70%. A recent USD 2,095,000 U.S. grant will fund a feasibility study for the fiber optic infrastructure.

The initiative is part of broader efforts to enhance digital infrastructure, promote digital trade, and develop a skilled workforce, ultimately supporting economic growth across various sectors.