Key questions:
-
The Nigerian government attempted to implement a National Broadband plan twice. First in 2013 and again in 2020. Were any milestones achieved across both attempts?
-
Nigeria aims to attain internet speeds of 25Mbps and other objectives in the National Broadband plan by next year. How attainable are these plans?
Unreliable internet can be frustrating and I'll highlight two reasons. Besides losing my mind, there’s something else I will lose: my money. So many financial apps on my phone require a stable internet connection to work: Piggyvest (savings), AXA Mansard (investments), and Bamboo (stock trading).
Yet, approximately 33.5 million Nigerian adults (double the size of Rwanda) are ‘shut out’ of the internet because they live in areas with little to no internet connection. Try streaming a YouTube music video in some neighbourhoods in Nasarawa state.
For fintechs that depend on the internet to connect with consumers like me, these
