Business A.M
No Result
View All Result
Saturday, March 7, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Internet

FG budgets N3bn for fibre cable deployment

by Admin
August 13, 2018
in Internet

The prolonged deployment of fibre by the licensed infracos received a major boost late last week when the federal government announced that it has budgeted N3 billion to facilitate the process.

The whopping sum, according to the Nigerian Communications Commission (NCC) will be paid in piecemeal to the licensed infrastructure companies, to aid the deployment of fibre cables and ultimately expand broadband access in Nigeria.

“There is an initiative to pay a subsidy of around N3 billion to the infrastructure companies to deploy the fibre,” Umar Danbatta, the executive vice chairman at the NCC told journalist at a press briefing in Abuja.

Danbatta said the payment will be predicated on milestones covered by the licensees, however, disclosed that the initiative coordinated through the office of the vice president is being driven by some licensees of the NCC to deploy the 18000 kilometre of fibre infrastructure.

“The whole idea is to add 18,000 kilometre of fibre in addition to the 38,000km of fibre that we have already on the ground, to make it 56,000km,” he said.

However, the NCC in the past two years had only licensed four infracos out of the seven needed to deploy the fibre network in various regions of the country. Industry stakeholders believe that the process is being prolonged and affecting connectivity in the country, but suggesting that a strong cohesion amongst operators will help the country.

Deolu Ogunbanjo, president of the National Association of Telecoms Subscribers (NATCOMS), told business a.m. that the industry regulator started very well ensuring that the infracos are licensed, however, disclosed that the infrastructural sharing of the network operators ought to have been enforced by the NCC.

He advised that the network operators should be allowed to embrace collocation to improve efficiency and performance. “If the NCC allow them to co-share, that means an injury to an operator will affect the other operator which is good. This will ensure harmonization in the system,” he concluded.

Admin
Admin
Previous Post

High oil prices, stable operating environment buoys Forte Oil’s 93% profit growth in H1 2018

Next Post

Mines secures $13m series A funding to grow digital credit platform in emerging markets

Next Post

Mines secures $13m series A funding to grow digital credit platform in emerging markets

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Security experts seek Tinubu’s probe into network behind seized Skipper oil tanker 

Security experts seek Tinubu’s probe into network behind seized Skipper oil tanker 

March 7, 2026
Global food prices higher in July on stronger meat, vegetable oil costs

Global food prices rise for first time in five months on cereal, oil gains

March 6, 2026
inDrive retains top download ranking amid expansion into African mobility markets

inDrive rolls out Ramadan Shukran driver appreciation campaign in Abuja

March 6, 2026
Gold hits fresh record above $3,640 as Fed rate cut bets intensify

Gold extends rally to $5,222 as weaker dollar, Asian demand lift prices

March 5, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Elumelu leads corporate mourning after UBA staff die in Afriland Towers fire

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Security experts seek Tinubu’s probe into network behind seized Skipper oil tanker 

Security experts seek Tinubu’s probe into network behind seized Skipper oil tanker 

March 7, 2026
Global food prices higher in July on stronger meat, vegetable oil costs

Global food prices rise for first time in five months on cereal, oil gains

March 6, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M