Wednesday, January 14, 2026
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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.”

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COVID-19: Ecobank Nigeria Supports States with Food Items

Ecobank Nigeria has donated food items to several state governments across the country as contribution to various initiatives aimed at cushioning the effect of the current lockdown on citizens. These palliatives are targeted at the most vulnerable members of the society who have been the hardest hit economically as a result of the current crises. Speaking in Lagos, Executive Director Commercial Banking, Ecobank Nigeria, Carol Oyedeji said this action would also go a long way in supporting members of the community who earn a daily wage and may not have the opportunity of working under the present environment. She noted that the donations are part of the bank’s Corporate Social Responsibility (CSR) and focused on providing support as best as possibleShe remarked that “as a bank we give strong priority to people’s welfare. We are determined to assist ordinary Nigerians during the current difficulties and this is one of the ways we are achieving this. We are also offering concessions to our SME Lending customers at this time given the strain on their cashflows and creating ease for the general public to transact digitally while at home”. Ecobank Group has so far contributed over US$3 million to the fight against COVID-19 across its footprint in Africa in line with the Bank’s commitment to the Region. The Institution is supporting governments, the World Health Organisation (WHO) and partnering with private sector operators to alleviate the effect of the pandemic on citizens. These have been in the form of cash, healthcare equipment, donation of supplies, awareness campaigns while also using digital platform to provide funds to beneficiaries of various funds being distributed. The Bank is particularly mindful of the needs of its communities and remains committed to providing the appropriate support required.    

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