Financing Ask: TBD

Expected ROI: Revenue sharing with states over 25 years

Project Objectives:

• Digital Inclusion:
  Improve broadband penetration across rural and urban Nigeria.
• Smart City Development:
  Enable the development of smart city infrastructure for Nigerian states.
• Economic Growth:
  Support telecom, banking, and technology solutions in underserved areas.

Project Highlights:

• Coverage across South-South, Southeast, and Southwest states, scaling to 12 states by 2026.
• Initial project cost: ~$52 million USD for 3 states.
• Projected revenue: $2.7 million annually for 25 years from just two mobile network operators.

Current Status:

Signed agreements with multiple states; ready for project launch by March 2025.