Mobile Money and Telcos | |
Mobile Money and Telcos | |
1169 VIEWS | |
![]() |
Thursday, January 20,
2022 / 03:24 PM / by Broadcast Media / Header Image Credit: Allconnect
Nigeria requires a rapid broadband services rollout to
address its diverse socio-economic challenges, including growing its economy,
creating jobs, expanding the tax base, and improving digital literacy and
educational standards.
Twenty-three percent of the population (with over 203
million people) is currently unemployed.
Furthermore, 55 percent of the unemployed are the
country's youth, posing a significant challenge given that more than half of
the population is under 25.
According to the Nigerian Communications Commission
(NCC), the country's broadband penetration stood at 39.9 percent in June 2021,
with 76.29 million broadband subscriptions.
As a result, the country faces a massive challenge in
finding jobs for its predominantly unemployed and underemployed population.
The new Broadband Plan will also address identity
management and security concerns through the effective use of technology, boost
financial inclusion, and provide a wide range of services to people to improve
their quality of life and contribute to the UN's 2030 Social Development Goals.
The plan aims to provide data download rates of at
least 25Mbps in urban areas and 10Mbps in rural areas across Nigeria by 2025,
with adequate coverage available to at least 90 percent of the population at
the cost of no more than US$0,95 for 1GB of data.
The Broadband Plan will drive increased fibre
connectivity in government buildings, schools, healthcare facilities, and
towers, among others.
The importance of making fibre the de-facto method of
backhauling traffic within middle-mile networks for the effective deployment of
broadband networks cannot be overstated.
The global "digital divide" and the need for broadband
connectivity have been highlighted more by the global COVID-19 pandemic.
New and more powerful fixed networks are required to
raise speeds and improve the user experience.
Credit:
The post Nigeria
Plans Major Broadband Services Rollout to Address Its Economic Challenges first appeared in Broadcastmediaafrica.com
on January 20, 2022.
Related News