FG to invest $40bn in digital infrastructure

The Federal Government of Nigeria has set a target of $40bn investments in digital infrastructure by 2025.

This projection is contained in the ‘National Development Plan 2021-2025.

The estimated public investment is N150bn from 2021-2025. Allocations will be made to priority projects in the sector as well as projects essential to the operations of the relevant ministries.

The ICT sector is projected to facilitate the formation of up to $1bn in private equity and private capital investments in digital infrastructure of approximately $40bn.

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