In line with its digital ambitions, the Nigerian government wants to connect 70% of the population to broadband Internet by 2025. The executive, in collaboration with its partners, is actively implementing measures to accomplish this crucial objective.

Tizeti Network Limited, a solar-based internet service provider, announced on Wednesday, November 1 its plan to connect 15 Nigerian states thanks to long-term funding from the Chapel Hill Denham Nigerian Infrastructure Investment Fund (NIDF).

"Chapel Hill Denham is excited to partner with Tizeti in the expansion of a fast, reliable broadband network across Nigeria. The digital economy is a key strategic pillar for Nigeria to accelerate its economic and social development, and providing access to affordable internet services is crucial to achieving the true potential of digitization," said NIDF CEO Anshul Rai.

The new initiative is in line with NIDF's strategy to fund partners to support the acceleration of digital infrastructure development in Nigeria. The aim is to support the government in its vision of achieving 70% broadband penetration by 2025. For Tizeti Network Limited, the funding supports its expansion objectives in Nigeria, where the company currently serves over 3 million subscribers.

According to Tizeti Network Limited executives, the funding will build the last-mile digital infrastructure that will shift Internet capacity to other Nigerian states and “catalyze sustained development, value creation, improved connectivity, and a deeper and wider digital inclusion net.” As a reminder, in February 2023, the country had 156.9 million Internet subscriptions, according to the regulator. The broadband penetration rate was 48.49%.

Samira Njoya