Monday, September 8, 2025
27.6 C
Lagos

ATCON: Broadband Penetration Low in Nigeria

Mr. Olusola Teniola, President, Association of Telecommunications Companies of Nigeria [ATCON] has lamented the current low penetration of Broadband in Nigeria, saying that Broadband today is only accessible to few Nigerians.

“Broadband is at infancy level in Nigeria. It is only accessible to low strata of Nigerians. Affordability is a big issue with Broadband. At the moment, market conditions are responsible for the price gap on Broadband as the government is not in the business of building Broadband. The government only creates the enabling environment”

Teniola listed the three key challenges of Broadband development in the country as accessibility, affordability and availability. He added that the 30 per cent penetration target contained in the National Broadband Development document was mainly for the starting process.

“Now-what of return on investment?. We need content to drive Broadband. The immediate challenge is to get the necessary data to fill the pipes and also overcome the problem of bandwidth price.”

spot_img
spot_img

Hot this week

Nigeria, Brazil Central Banks Deepen Economic, Financial Co-operation

Nigeria’s Central Bank Governor, Olayemi Cardoso, has held talks...

Ecobank Nigeria to Host Second Edition of Design & Build, Showcasing Premier Innovators in Design, Construction

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

Expert: Fintech, Financial Inclusion Critical for Sustainable Growth of Nigerian Economy

A renowned economist, Dr. Biodun Adedipe, the Chief Consultant/CEO,...

Sterling Bank Marks One Year of Africa’s Groundbreaking Core Banking System

Number one Best Workplace in Banking in Nigeria and...

Topics

IMF Cuts Global Growth Forecast over BREXIT

The International Monetary Fund cut its forecasts for global...

VBank Continues Dominance in Sports Development

The V Shitsuke Flag Football league championship (Season 5)...

Indigenous Software Will Create Jobs, Drive Economic Growth – Experts

L-R: Bimbo Abioye, President, ISPON, Hajia Thaibat Adeniran, CEO,...

Ecobank Nigeria: Four Millionaires in Super Reward Scheme

Ecobank Nigeria has presented grand prize of N1 million...

Stanbic IBTC Bank Nigeria PMI Dips to 17-month Low in June

The Nigerian private sector remained in growth territory at...

NAICOM: Tinubu to Headline National Insurance Confab Oct 22

The National Insurance Commission (NAICOM) says President Bola Ahmed...
spot_img

Related Articles

Popular Categories

spot_imgspot_img