Technology company MTN has rolled out home broadband services to 43 million households and 40 million medium and small enterprises (MSMEs) in Nigeria.
In addition, MTN said the service is also poised to accelerate broadband penetration, in line with the federal government’s plan to reach over 70 percent broadband penetration by 2025.
At the unveiling in Lagos on Wednesday, the telecom company noted that Nigeria, with a population of over 200 million, currently has an internet connection rate of about 44.3 percent, while other African countries such as South Africa, Egypt and Kenya sit at 68, 74 and 48 percent internet penetration respectively .
It added that global technology statistics closely link internet connectivity to sustained rates of economic growth. According to this, in the major economies that account for 70 percent of global GDP, the Internet accounts for almost four percent of GDP on average.
MTN said UNICEF also predicts that countries with poor broadband connectivity have the potential to realize GDP growth of up to 20 percent by connecting schools to the Internet.
The telecom company currently connects over 70 million Nigerians (over seven percent 4G population and 89.8 percent nationwide coverage).
With MTN’s Fibre-to-the-Home (FTTH) and the latest Fixed Wireless Access (FWA) Home Broadband services, millions of Nigerian homes, about 50 percent of which are in rural areas, have access to reliable and…
An independent newspaper established in 1983 to present balanced coverage of events and promote the best interests of Nigeria.