ITU Targets $100bn Funding by 2026 to Accelerate Global Digitalisation

The International Telecommunication Union (ITU) has issued a worldwide appeal calling to increase the value of pledges for digitalising the world from the current $30 billion to $100 billion by 2026.

The appeal by the United Nations specialised agency for information and communication technologies includes a focus on raising the level of resources for universal and meaningful connectivity and digital transformation in the world’s least developed countries (LDCs).

The announcement of the target was made on World Telecommunication and Information Society Day, observed annually to mark the signing of the first International Telegraph Convention and ITU’s founding in 1865.

“Tech is at the top of the global agenda, but the benefits of digital technology are still out of reach for too many people,” said ITU Secretary-General Doreen Bogdan-Martin. “If we are serious about digitalizing the world in a way that is meaningful and sustainable, we must take action to accelerate digital transformation for everyone.”

In 2023, ITU’s anniversary is focused on empowering the least developed countries through information and communication technologies using the Partner2Connect Digital Coalition and its online pledging platform.

The ITU appeal to the public and private sectors encompasses a campaign launched in February 2022 by Partner2Connect to mobilise direct funding or other contributions for connectivity projects in countries registering the lowest on development. Of the $30 billion already pledged overall, Partner2Connect has identified commitments worth $12 billion to bring the LDCs online as quickly as possible.

The United Nations defines LDCs as countries that have low levels of income and face severe structural impediments to sustainable development. The call for resources, which comes as the UN strives to rescue its Sustainable Development Goals (SDGs) by 2030, stresses the need for the globe’s digital transformation to be environmentally friendly.

“The digital revolution is a defining force of our era,” said United Nations Secretary-General António Guterres. “As the Internet becomes ever more central to value creation and innovation, least developed countries risk falling further behind. We must dramatically improve accessibility and inclusivity and eliminate the digital divide.”

According to ITU data, 2.7 billion people worldwide were offline in 2022. The digital connectivity divide separating the least developed countries from the rest of the world is widening on key factors such as access, digital skills and affordability.

Though the globe’s 46 least developed countries are home to almost one-third of the world’s offline population, the Internet is considered to be affordable in only two of those countries.

At the event marking ITU’s anniversary in Geneva, ITU Secretary-General Bogdan-Martin announced SDG Digital Day, scheduled for 17 September in New York in advance of the UN SDG Summit to review the 17 Sustainable Development Goals.

The SDG Digital Day, powered by ITU on behalf of the UN system, will showcase high-impact, sustainable, digitally based solutions that have a game-changing potential to accelerate progress on the SDGs.

Hot this week

WEF: 10 Emerging Technologies to Power Cleaner, More Secure Energy Future

As world leaders gather at COP31 to advance global...

Afreximbank, DBN Partner on $75m Facility to Fund Nigeria’s Creative Exporters

The African Export-Import Bank (Afreximbank) has agreed to provide $75...

Nigeria, EU Ink Deal to Repatriate lllegal Migrants from Europe

Nigeria and the European Union signed an agreement on...

Stanbic IBTC Champions Women’s Empowerment, SME Growth at Bloom Weekend 2026

Stanbic IBTC is set to bring women together for...

Open Alliance Condemns Detention of FIJ Journalist, Daniel Ojukwu, Demands His Immediate, Unconditional Release

Open Alliance strongly condemns the continued detention and prosecution...

Topics

Apple Eyes 4,000 Indian Experts to Boost Maps Service

Apple has opened a new office in Hyderabad that...

NDIC, NILE University Host Immersion Challenge for Business School Students

L – R: NDIC’s Executive Director (Operations), Dr. Kabiru...

LaPRIGA Awards 2024: Chain Reactions Africa Claims Three Deserving Recognitions

L-R: Senior Multimedia Specialist, Creative & Digital, Chain Reactions...

IoT Spending in Africa, ME Targets $8.4bn in 2019

Spending on Internet of Things (IoT) technologies in the...

The Emirates A350 Makes Flypast Debut at 2025 Dubai Airshow

  Making its first-ever appearance in aerial formation, the Emirates...

Post-MPC: CBN Tightens Noose on Economy

The Monetary Policy Committee (MPC) of the Central Bank...

Stanbic IBTC, Zenith, Axa Mansard, Leadway, MTN, GLO Lead Q3 2025 Brand Report

As Nigeria’s media environment continues to evolve, brand sentiment has emerged...

The Fate of Oil in 2017

The Journey in 2016 It was a roller coaster year...