Nigeria’s Digital Economy Attracts $191 Million in Q1 2025; $2 Billion Fibre Optic Rollout Slated for Q4

Nigeria’s digital economy is experiencing significant growth, with the sector attracting $191 million in foreign direct investment during the first quarter of 2025. This marks a substantial increase from the $22 million recorded in the same period of 2024.

Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, disclosed this development during an interview for an upcoming State House documentary commemorating President Tinubu’s second year in office. He attributed the surge in investment to the country’s ongoing digital transformation initiatives and investor-friendly policies.

Looking ahead, the government plans to commence the rollout of a $2 billion fibre optic infrastructure in the fourth quarter of 2025. This ambitious project aims to enhance internet connectivity across the nation, bridging the digital divide and fostering economic growth.

The increased investment and planned infrastructure underscore Nigeria’s commitment to becoming a leading digital economy in Africa, leveraging technology to drive development and improve the quality of life for its citizens.