Close Menu

    Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    Nigeria On The Road To Hosting First Global Antimicrobial Resistance Conference In Africa In 12th Month

    October 13, 2026

    INEC Distances Self From Fake 2027 Governorship Candidates’ List For Six States

    October 13, 2026

    How Keystone Bank Is Redefining Community Impact Through Empowerment, Opportunities

    October 13, 2026
    Facebook X (Twitter) Instagram
    Megastar Magazine
    • Politics

      INEC Distances Self From Fake 2027 Governorship Candidates’ List For Six States

      October 13, 2026

      2027 Election: On INEC’s Final Release, 18 Presidential Candidates Vying For Position

      October 12, 2026

      As INEC Releases Final List For 2027 Elections, Candidates Contesting For Lagos Governorship Unveil

      October 11, 2026

      INEC Set To Release Final List Of Governorship, State Assembly Candidates On Saturday

      October 9, 2026

      First Lady Remi Tinubu Asks For Support, Says Economy Is Stabilizing, Inflation Is Coming Down

      October 6, 2026
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment October 12, 2026

      Nollywood’s ‘Her Daughters’ Mother’ Is Selected For Film Africa 2026

      Recent

      Nollywood’s ‘Her Daughters’ Mother’ Is Selected For Film Africa 2026

      October 12, 2026

      MKO Abiola Movie Showing In 48 Cinemas Across Nigeria

      October 12, 2026

      18th Headies To Take Place In April 2027 ~ Says Organisers

      October 11, 2026
    • Business

      MTN Opens up on Network Outage in Lagos, FCT Including Four Other States

      October 9, 2026

      After 6 Years Operation, Moove Discontinues Nigeria Activities

      October 8, 2026

      2026 Access to Financial Services: Formal Credit Access Doubles to 10% 

      October 7, 2026

      ‘Coca-Cola System Generates $1bn Economic Value in Nigeria’

      October 2, 2026

      Fidelity Bank Headlines Beauty in The Motherland Showcase for 3rd Consecutive Year

      September 28, 2026
    • Health

      WHO Presents New Guidance For Heat-related Illness At Mass Gatherings

      October 1, 2026

      ZAMFARA RELEASE OF FIRST BATCH OF SUCCESSFUL APPLICANTS NURSES & MIDWIVES RECRUITMENT

      September 17, 2026

      Pastor Adeboye Of RCCG Donates Three Dialysis Machines To UBTH

      September 3, 2026

      Lagos Presents Blood Donation Drive Through 10 LGAs

      August 27, 2026

      LAWMA Assures Residents of Plan to Evacuate Refuse Heaps in Lagos

      July 29, 2026
    • Culture

      GLO Sponsorship Commits To 2026 Ofala Festival As It Kicks Off

      October 8, 2026

      FG Plans To Launch African Global Festival In October, Strengthens Culture, Economy

      September 25, 2026

      Awujale Stool: Ruling House Commits Trust In Leaders, Disapproves Removal

      August 13, 2026

      Osun-Osogbo 2026: Nigeria-Africa Celebrates Yoruba Historic Heritage

      August 7, 2026

      FCMB Reiterates Commitment for Ojude Oba as Key Driver of Heritage

      June 7, 2026
    • Lifestyle

      Tinubu Congratulates Shettima on 60th Birthday, Calls him Patriot, Trusted Ally. 

      September 2, 2026

      Gov Dauda Lawal @ 61: A Functionalist In Power

      September 2, 2026

      Jay-Jay Okocha’s Daughter Unveils Wedding Picture In Spain

      August 31, 2026

      Oborevwori, Arigbodi Families Glorified God As Children’s Wedding Ends In Thanksgiving

      August 31, 2026

      Celebrating A Jolly Good Fellow—Happy Birthday, Regie, Mfr

      August 31, 2026
    • Sports

      Olympic Qualifier: Alozie, Kanu Score To Lead Comoros With 2-0

      October 10, 2026

      There’s Possibility of AFCON’s Two-year Cycle ~ CAF President

      October 9, 2026

      Fury-Joshua Bout Sellout Records Over 80,000 Tickets In 60 Minutes

      October 9, 2026

      England Set To Host Netball World Cup For 2031

      October 8, 2026

      Messi Renders Tribute to His Legends ~ Maradona, Father Following Final Argentina Game

      October 8, 2026
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home » Federal Government Begins ₦460 Million World Bank-Backed Fibre Expansion
    economy

    Federal Government Begins ₦460 Million World Bank-Backed Fibre Expansion

    Ifetayo AdeniyiBy Ifetayo AdeniyiJanuary 11, 20263 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

    Manny Ita

    The Federal Government of Nigeria has formally launched the first phase of Project BRIDGE (Building Resilient Digital Infrastructure for Growth), a massive technical undertaking designed to revolutionize the nation’s digital landscape. Underpinned by a $500 million concessional credit from the World Bank’s International Development Association (IDA), the project has moved into its active stage this January with the release of an initial ₦460 million ($6 million) tranche. This foundational funding is designated for the incorporation of a Special Purpose Vehicle (SPV) and the commencement of critical route surveys across the country.

    ​Unlike traditional infrastructure loans, Project BRIDGE utilizes a “Pay-for-Results” mechanism where future disbursements are strictly tied to physical milestones. Officials have confirmed that $155 million is slated for release in 2027 only if the SPV successfully completes the first 5,000 km of fibre construction. By 2029, the government must achieve a cumulative 25,000 km of network expansion to unlock a further $105 million in funding, ensuring that taxpayer-backed debt translates directly into verified physical assets.

    ​Technically, the project aims to add 90,000 km of climate-resilient, high-capacity fibre optic cable to Nigeria’s existing 35,000 km backbone, targeting a total national network of 125,000 km by 2031. The architecture features seven massive fibre rings connecting the six geopolitical zones to the main landing points in Lagos, supplemented by 37 metropolitan loops in state capitals and Abuja. To reduce internet latency, the government plans to deploy “Edge Data Centers” to process data locally, moving away from the current reliance on overseas servers.

    ​The Ministry of Communications, Innovation, and Digital Economy has identified specific targets for this “Universal Access” drive, including the connection of all 774 Local Government Area (LGA) headquarters to facilitate e-governance. The rollout is further expected to wire 38,800 public schools and 16,900 primary healthcare facilities to enable digital learning and telemedicine. This “mid-mile” infrastructure will serve as a backbone that private telecommunications companies can plug into, with the ministry stating the project aims at “significantly lowering the cost of data for the average Nigerian.”

    ​Governance of the project will be managed through a private-sector-led SPV, in which the Federal Government will retain a minority stake of 25% to 49%. Managed as an independent limited liability company with its own board, the SPV is designed to remain “commercially viable and insulated from political interference.” By maintaining an “open access” model, the government intends to foster a competitive market where any internet provider can rent space on the fibre, ultimately ensuring long-term sustainability and affordable consumer pricing.

    Economy
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleThe “Black President” vs. The “Starboy”: Seun Kuti Slams Wizkid FC Over Fela Comparisons
    Next Article Don Jazzy and Funke Akindele Lead the 2026 Visibility Rankings
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    Lifestyle June 24, 2026

    Nigeria: The Belly of the Beast

    Business June 8, 2026

    NDPC Partners Meta to Unveil Two-year Data Protection Initiative

    economy May 23, 2026

    African Capital Markets Urged to Back Creative Economy, Innovation Sectors

    economy May 18, 2026

    Tinubu Warns Debt Burden Is Choking Nigeria’s Development Spending

    News May 18, 2026

    Dangote Reassures Strengthening Food Security In Africa

    economy May 15, 2026

    Nigeria’s inflation rises to 15.69% in April 2026 as price pressures persist, NBS reports

    Leave A Reply Cancel Reply

    Don't Miss
    Health & Wellness October 13, 2026

    Nigeria On The Road To Hosting First Global Antimicrobial Resistance Conference In Africa In 12th Month

    The body is seeking urgent and coordinated interventions to curb threats. Nigeria will host the…

    INEC Distances Self From Fake 2027 Governorship Candidates’ List For Six States

    October 13, 2026

    How Keystone Bank Is Redefining Community Impact Through Empowerment, Opportunities

    October 13, 2026

    2026 Nobel Prize Winners Unveil In Six Categories

    October 12, 2026

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Our Picks

    Climate Clock World appoints SDG Advocate Chuks Anyaduba as Director for Projects & Partnerships, Climate Clock Nigeria

    December 2, 2021

    Dorian Homes Plans To Host Its First Children’s Christmas Party

    November 11, 2021

    Late Capt. Hosa Immortalize As Keffi Polo Tournament Dedicates Trophy

    November 16, 2021
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2026 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.