Nigeria’s pioneering information, communications and technology (ICT) company, ipNX and the United States Trade and Development Agency (USTDA) have signed a partnership deal that will further support the development of Nigeria’s ICT and broadband infrastructure and help ipNX expand its fibre-optic network to more than 200,000 residences in Lagos and other locations, including Abuja and Port Harcourt.
A virtual signing ceremony that signalled the beginning of this far-reaching relationship between the two parties was held on Thursday, September 17, 2020.
At the Signing Ceremony, the Group Managing Director of ipNX, Ejovi Aror, had this to say:
“We believe that world-class connectivity and broadband internet access will be pivotal to the digital transformation and socio-economic development of Nigeria. We are very positive that this project will play a crucial role in making our belief a reality.”
Aror added that with the emergence of the COVID-19 pandemic, the case for a vibrant ICT sector has never been stronger and the new partnership will bring ipNX a step closer to achieving its mission to continually leverage technology to create innovative solutions that help mankind thrive, while making a crucial impact to the lives of Nigerians across the country.
Through this innovative initiative, the USTDA is supporting ipNX to promote inclusive, secure and sustainable connectivity across the nation. The agreements were made possible as a result of several engagements between the USTDA delegation to Nigeria and the leadership of ipNX; and will advance the goals of the recently updated Nigerian Broadband Plan.
These projects will support the development of Nigeria’s telecoms infrastructure and help to achieve the goals of the National Broadband Plan,” said the U.S. Ambassador to Nigeria, Ambassador Mary Beth Leonard.
With their partnership, both parties fully agree that further development of the nation’s broadband infrastructure is key to unlocking the potential promised by Nigeria’s digital economy.
According to the World Bank’s ‘Nigeria Digital Economy Diagnostic Report’ released in 2019, Broadband is a key enabler to harness the digital economy transformation and high-speed broadband has the potential to accelerate Nigeria’s socio-economic development.
Nigeria In Focus:
Population - 206.6 million (Compared to South Africa's 59.6 million)
GDP: $504.57 billion (Compared to South Africa's $369.85 billion)
GDP Per Capita: $2,465 (Compared to South Africa's $6,193)
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