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The Value of Broadband Internet

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In order for the country of Nigeria to become a significant contributor to the global economy, the connectivity issues that are prevalent in the more remote parts of the country ideally need to be addressed and resolved.

People that have access to pervasive broadbandhttp://mybroadband.co.za/news/broadband/10719-what-is-needed-for-pervasive-broadband.html are proven to directly influence a faster economic growth but in order for this to happen, the networks that provide the broadband coverage firstly need funding and building.

A broader coverage of networks would provide the general public with faster, widespread access to the Internet which in turn could become a platform for the development and growth of the Nigerian economy.

A Better Quality of Life
Pervasive Internet delivers such things as better quality education, healthcare information and employment opportunities which would enable citizens to improve their standards of living.

In regards to education, having access to the Internet for citizens in more remote locations would allow the potential for high quality, distance learning which would improve the value of students in the employment sector.

Cooperation between Nigerian universities and foreign institutions could also be encouraged, forging essential links to other educational establishments that could also be beneficial to the growth of the economy.

Conversely, highly qualified retired professionals (teachers, doctors, scientists) could impart their knowledge over the Internet to willing students from isolated locations, at no significant cost to themselves.

Similarly for healthcare, professionals can provide the public with information that people in the more remote areas of Nigeria would not previously have had access to, benefitting the healthcare services across the country.

The Need for Investment
Despite the introduction of new broadband cable http://www.budde.com.au/Research/Nigeria-Broadband-and-Internet-Market-Digital-Economy.html networks over the past few years, the coverage tends to be limited to the more densely populated areas of the coastline, with undersea cable networks laid near the coast, whereas the hinterlands must tolerate restricted access while the infrastructure cannot support the extension of the networks.

Furthermore, the price of broadband internet http://www.money.co.uk/broadband.htm has not become more accessible to promote increased usage, as might have been expected, meaning it is still largely out of reach for the greater part of the Nigerian population.

Building such a network would require a huge investment, which is why investors are unwilling to spend in to something that doesn’t have a short-term profit return.

Without the willingness of financial investors to advance the provision of a broader service, and without the stimulation of competition in the marketplace, something which the Nigerian market really needs for prices to be able to be reduced, the prices will remain high and inaccessible to the majority of citizens.

The Vision of the Future
Electronic-commerce and electronic payment schemes are made possible and are encouraged with the provision of accessible, affordable, high speed broadband Internet and with the extension of these networks, this could become available to those who reside in the more remote parts of Nigeria as well.

The Nigerian Communications Commission seems unwavering in it’s determination to provide universal access across the country, delivering efficient low-cost access to the Internet and consciously encouraging competition in the market to enable the prices to be lowered.

Omobola Johnson, Minister for Communications Technology has also promised to help the development of the infrastructure in order to increase the number of Internet users in Nigeria to 70 million by 2015. At the moment, out of 40 million Nigerians with access to the Internet, only around 3% have access to the higher quality broadband, and this 3% tends to be the higher socio-economic groups of citizens.

She also aims to promote investment into skills that are required to power the emerging industry and provide ‘digital havens’, places where the public can go to connect to the global network.

In India, the ICT sector contributes up to 6% of its nation’s GDP, whilst Nigeria’s currently makes up 3.5%. By 2015, this is hoped to be raised up to 5%.

Expansion of the Market
After the arrival of fibre-optic broadband in Nigeria in 2010 and 2012, additional cable networks are expected to be launched in 2013 and 2014 to further provide Internet to remote areas.

Due to this expansion of the market, the price of international broadband internet could be seen to drop by up to 90%, making it much more accessible.

The economy in Nigeria is beginning to rapidly evolve, in turn promoting the application of e-commerce, e-learning, e-health and online banking.


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E-Business

Report Shows Start-ups Fuel Innovations in Africa

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Bloomberg has released its second annual “25 African Startups to Watch” list, underscoring the growing influence of venture-backed innovation across the continent.

Published thursday, the list highlights companies building solutions in “environments where infrastructure or systems have failed to deliver.”

The featured start-ups build solutions to challenges such as accessing healthcare in Chad, moving goods in Kenya, securing loans in South Africa, and safeguarding borders in Nigeria.

Nigeria, South Africa and Kenya jointly lead with four companies each, reflecting the ongoing strength of Africa’s three most visible start-up ecosystems.

The 25 companies span 13 countries and sectors including healthcare, fintech, security, climate resilience, waste management, and transport.

Nigeria’s four startups are 10mg Health, Remedial Health, Sycamore and Terra Industries, covering areas from healthcare financing and pharmaceutical supply chain integrity to digital lending and defence technology.

South Africa’s contingent includes Omnisient, Amesect, AURA and Jem. Omnisient uses grocery purchase data and AI to extend credit to those outside traditional financial systems.

Kenya’s notable four include Zeraki, a school-data analytics platform partnering with Safaricom to reach secondary students across the country.

According to Bloomberg, a defining theme this year is the source of funding.

Nearly half of the total capital raised by these start-ups came from African investors, marking a shift from previous years when international capital predominantly drove early growth.

International backers such as 8VC, controlled by Palantir Technologies co-founder Joe Lonsdale, and Google continue to see value in investing in African companies, Bloomberg noted.

The report also highlights that start-ups across the continent almost doubled their debt fundraising in 2025, even as equity financing from venture capital firms declined.

Separately, the Start-up Ecosystem Report 2026 states that Kenya has overtaken Nigeria as Africa’s top startup investment destination, attracting $984 million in 2025.

Jennifer Zabasajja, Bloomberg Television’s chief Africa correspondent and anchor, highlighted the dual significance of the list, the variety of solutions being built and the growing role of African-sourced capital in backing them.

She noted that the list comes at a consequential moment, one shaped by global disruptions, from the conflict in Iran to sweeping cuts in US foreign healthcare assistance, that have made the case for African-owned capital more urgent than ever before.


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NDPC Raises Alarm: Fake News, Data Abuse Could Destroy Nigeria’s 2027 Elections

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Nigeria Data Protection Commission has warned that the growing misuse of personal data and digital platforms could undermine Nigeria’s democratic process ahead of the 2027 general elections.

NDPC Raises Alarm: Fake News, Data Abuse Could Destroy Nigeria’s 2027 Elections

NDPC

The warning was delivered during the 2026 Press Week organised by the FCT Council of the Nigeria Union of Journalists in Abuja.

Speaking at the event, Vincent Olatunji, national commissioner and chief executive officer,  NDPC, who was represented by Itunu Dosekun, head of Media Unit at the commission, said disinformation and unlawful exploitation of personal data posed serious threats to credible elections.

The event had the theme: “2027 Election: Defending Democracy in the Era of Disinformation.”

Dosekun said the struggle for credible elections was no longer confined to polling units, noting that digital platforms had become major channels for manipulated narratives, fake news, propaganda and AI-generated misinformation.

According to him, the rapid growth of social media platforms, messaging applications and data-driven political campaigns has created vulnerabilities capable of influencing voter perception and weakening public trust in democratic institutions.

He warned that the abuse of personal data for political profiling and psychological targeting had become one of the most dangerous threats facing democracies worldwide.

“The misuse of citizens’ personal information carries serious social implications, especially for vulnerable groups who may not fully understand how their data is harvested, processed and weaponised online,” he said.

Dosekun noted that coordinated disinformation campaigns could inflame ethnic tensions, spread fear and discourage civic participation, particularly among young Nigerians.

He described the Nigeria Data Protection Act, 2023, as a critical legal framework aimed at protecting citizens against unlawful data processing and digital exploitation.

According to him, the law gives Nigerians greater control over their personal information while placing obligations on organisations, institutions and political actors to handle data responsibly.

Dosekun also called for stronger collaboration among political parties, media organisations, technology firms, civil society groups and citizens to promote responsible digital behaviour ahead of the elections.

He stressed the role of journalists and media professionals in combating fake news, fact-checking information and safeguarding public discourse.

According to him, protecting personal data should not only be seen as a privacy issue but also as a democratic responsibility necessary for maintaining public confidence, national stability and electoral credibility.

Stakeholders at the event emphasised the need for improved digital literacy, stronger regulation and increased public awareness to prevent the abuse of digital platforms during future elections.


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Anthropic Raises $65 Bn to Expand AI Research, Innovation

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Anthropic, artificial Intelligence company, has said that  it has secured sixty-five billion dollars in a new funding round, raising the company’s valuation to about nine hundred and sixty-five billion dollars.

Anthropic Raises $ 65 Bn to Expand AI Research, Innovation

The development places the company ahead of its rival, OpenAI, maker of ChatGPT, which was valued at about eight hundred and fifty-two billion dollars earlier this year.

Anthropic, founded by former OpenAI employees and led by Dario Amodei, chief executive officer, has emerged as one of the leading firms in the global Artificial Intelligence industry.

The company is widely recognised for its advanced coding capabilities and generative AI models, particularly its AI assistant known as Claude.

Unlike some competitors focusing mainly on general consumers, Anthropic has concentrated on delivering AI solutions to enterprise and business clients.

The company also says it places strong emphasis on AI safety while expanding its products and services amid growing competition in the sector.

Krishna Rao, chief financial officer of Anthropic, said the new funding would support the company’s research efforts and help meet rising global demand for its AI technologies.

Reports indicate that the investment round attracted major Silicon Valley venture capital firms, including Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.


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