However, The Guardian gathered that InfraCos that will access the subsidy are required to meet some set milestones, as compiled by the Nigerian Communications Commission , even as it seeks to get approval for more funding from the Presidency.
Those licensed already include MainOne for Lagos; Zinox Technology Limited for South East, and Brinks Integrated Solutions Limited for North East. Others are O’dua Infraco Resources Limited for South-West, Fleek Networks Limited for North-West, and Raeana Nigeria Limited for South-South zone. With regard to the N65 billion subsidies, Nkemadu explained: “The InfraCo project will be financed yearly, and this is subject to the operators meeting the required milestones. We are not going to pay them to do the job, but we are going to give them money for jobs well done. We shall soon conclude the signing of the subsidy agreement; that process is currently on.
Meanwhile, an industry source told The Guardian that the President Muhammadu Buhari is also keen on seeing that broadband and Internet access gaps are bridged. As such, NCC is expected to close the 120,000km fibre connections gaps that currently exist in Nigeria.
Source: News Formal (newsformal.com)
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