Nigeria’s First Digital Economy Diagnostic Reveals a Vibrant Entrepreneurial Ecosystem but Rural Areas are still without Internet Access
ABUJA, November 28, 2019 – The World Bank Group today launched its first Nigeria Digital Economy Diagnostic Report during an eSummit hosted by the government. The report reveals that although Nigeria is the largest mobile market in Sub Saharan Africa with a strong mobile broadband infrastructure and a vibrant digital entrepreneurial ecosystem, the lack of infrastructure and connectivity in the country’s rural areas is a key challenge.
The government’s Economic Recovery and Growth Plan for 2017–2020 (ERGP) recognizes the need for a digital-led strategy to make its economy more competitive for the 21st century. In line with this goal, the Digital Economy Diagnostic reveals that the country has made several positive developments in the digital space including high-speed Internet via five underwater international links. This has significantly reduced constraints in terms of international bandwidth usage and prices, as well as boosting network capacity.