Business
FG, ATCON Eye 70% Broadband Penetration Target
The Federal Government (FG), the Association of Telecommunications Companies of Nigeria (ATCON) and other stakeholders in the telecoms industry have intensified efforts to achieve over 70 per cent broadband penetration in Nigeria by 2025.
Speaking at a conference organised by ATCON aimed at national strategic mobilisation for the actualisation of the national broadband target of 70 per cent, the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof Garba Umar Dambatta, said Nigeria has one of the largest telecom markets in Africa with an estimated population of over 200 million people.
In his presentation at the conference, with theme, “Realising the new set target of 70 per cent broadband penetration”, he said although the penetration is economically very challenging, it is an interesting asset to attract foreign direct investment to the Telecommunication industry.
“Therefore, enabling full connectivity and broadband access for a minimum of 70 per cent of the rapidly growing population is a vision/target that the Nigerian National Broadband plan (NNBP) seeks to achieve and surpass within the time frame of year 2020 – 2025,” he said.
At the launch of the NNBP in 2020, the Broadband penetration, which was largely driven by mobile technology, was slightly below 40 per cent. By December 2020, penetration of 45.93 per cent had been attained. As at April 2022, the penetration stands at 42.79 per cent.
According to the NCC boss, the reasons for fluctuation are quite obvious, saying that it was what informed the strategic initiatives of the Commission to deepen the penetration of fixed broadband infrastructure, which will guarantee very steady broadband services and provide higher capacity.
ATCON President, Engr. Ikechukwu Nnamani, said the strategic objectives of the event are to complement the various strategic activities already embarked upon by the Ministry of Communications and Digital Economy and all the agencies under the Ministry to achieve the set target of Broadband penetration in Nigeria with great speed.
He stated further that it is to leverage on the wide spectrum of ATCON’ sub-groups for effective participation in the new Nigerian National Broadband Plan 2020-2025 by giving them the opportunity to access the plan and suggest various ways to speed up the realisation of the established target by the government and also serve as a veritable platform to galvanise the needed input that reflect the thinking of the telecom and ICT sector.
In his remarks, Lagos State Governor, Babajide Sanwolu, said the National Broadband plan aligns with and is critical to his administration’s T.H.E.M.E.S agenda.
He explained that the NNPB does not connect only with the Making Lagos State a 21st Century Economy but resonates with all the other pillars knowing fully that technology is an enabler and cuts across all sectors.
“The impact on the Education and Technology pillar cannot be quantified, which is why as part of our metro smart city initiative, we have undertaken to connect schools and higher educational institutions to the internet. We have so far connected hundred public schools,” he said.
On fibre infrastructure, Sanwo-Olu said his government has embarked on the deployment of High Density Duct pipes towards achieving its main objectives of creating a technology enabled and sustainable smart city.
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Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
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