The European Union has committed up to €14m in grant funding to support Nigeria’s planned deployment of 90,000 kilometres of fibre-optic infrastructure aimed at expanding broadband access across the country.
The funding will cover network design, project preparation, technical studies and capacity building as the Federal Government seeks to improve internet connectivity and strengthen the country’s digital economy.
The agreement was signed in Abuja by representatives of the Federal Government, the European Union and the European Bank for Reconstruction and Development.
According to a statement on Wednesday issued after the signing ceremony by the Ministry of Budget and Economic Planning, the grant will be administered by the EBRD to support preparations for the nationwide fibre-optic backbone project.
“The initiative, supported by the European Union and administered by the EBRD, provides up to €14m in funding for project scoping, fibre-optic network design, project preparation, and capacity-building activities for Nigeria’s nationwide fibre-optic
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