World Bank says Nigeria’s digital economy plan is being continually hampered by an underdeveloped fixed broadband infrastructure.
“However, Nigeria continues to face significant challenges which have hindered the country’s ability to reap the full benefits of the digital economy. “The country also faces several additional challenges, including suboptimal management of its telecom and power networks, security, and transparency issues, and constraining fiscal policies.”
The global bank said a 10 per cent increase in mobile broadband penetration could lead to a minimum of 0.8 per cent growth in GDP in other regions of the world, and 2.46 per cent growth in Africa. “Currently, the lack of an open-access wholesale network, combined with ineffective wholesale access regulation, varied Federal and State levies, and excessive rights of way fees, continues to hamper investments in the sector.
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