Broadband Penetration: Ekiti State Crashes Right of Way Charges from N4,500 to N145 Per Meter

Thursday, May 14, 2020 / 10:32 AM / By Ekiti State Government / Header Image Credit: Kayode Fayemi

In a bold and pioneering move to make Ekiti State the knowledge and innovation capital of Nigeria, the Governor of Ekiti State, Dr Kayode Fayemi has signed an Executive Order reducing the Right of Way charges related to laying broadband or any other telecommunications infrastructures from N4,500 to N145 per meter.

Ekiti is the first state in Nigeria to comply with the NEC approved Right of Way charges for broadband thus becoming the cheapest state for broadband infrastructure investment as 1km of cable will now cost just N145,000 as against N4.5m previously.

This Executive Order is part of the ongoing reforms by the Ease of Doing Business project inaugurated by the Governor last year to improve indices that will make Ekiti State an attractive destination for national and international investments in 5 years.

According to the Special Adviser Investment, Trade and Innovations, Mr Akin Oyebode, this decision will ensure Ekiti achieves full broadband penetration by 2021 to attract new businesses, create jobs, improve access to quality healthcare and digital education while improving internally generated revenue. It is also aligned with the ongoing development of the Ekiti Knowledge Zone, designed to be Nigeria’s first service based innovation. 

Related News

1. Uptick in GSM Internet Subscription in February 2020
2. Coronavirus Proves US Broadband Infrastructure Is Essential
3. Firstbank Stays Ahead of COVID-19, Keeps Faith with Customers
4. E-Payments, a Beneficiary of the Virus
5. COVID-19: Firstbank's Firstmonie Leads the Pace in Agent Banking
6. Saudi Telecom Delays Buying Vodafone Egypt Stake by 90 Days Due to COVID-19
7. COVID-19: Firstbank Reinforces its e-Banking Offerings, Appreciates Customers
8. Zenith Bank Introduces Automated Voice Banking Services
9. Banking Sector Records 893.68m Volume of Transaction in Q4 2019 - NBS
10. Nigeria's NBC Calls On Pay-TV Operators To Decrypt Local Channels
11. MTN Launches Free Daily Data Lifeline to Keep South Africa Connected During COVID-19 Lockdown
12. Maroc Telecom's $898m Fine Gets Directed Into COVID-19 Fund