ABN – The Nigerian government needs more than US$200 billion annually over the next five years to develop the country’s broadband infrastructure.
Nigeria has received massive investment of late and the country needs to develop its broadband to deal with the explosion in data brought about by the growth.
KPMG partner in Management Consulting Joseph Tegbe said: “In the metropolitan transmission ring, what you see is limited coverage.
“Only about 10% of the cities and towns are covered today. Moving to the homes, we have extremely limited coverage.
“These two top layers provide a huge opportunity and gap in the broadband supply chain.
“For investors, an estimated $200 billion is required annually over the next five years to meet these infrastructure gaps.
“Nigeria offers the best returns on investments according to recent studies.”