Google To Invest $1bn in Nigeria, Other African Countries

Posted by Thandiubani on Thu 07th Oct, 2021 - tori.ng

The company added that this investment will lead to a 21 per cent drop in internet prices, and a five-fold increase in internet speed in Nigeria.

 
Nigeria is to benefit from Google's $1bn investment in Africa.
 
The investment will be spread over five years to support digital transformation in Nigeria and other African countries.
 
The company added that this investment will lead to a 21 per cent drop in internet prices, and a five-fold increase in internet speed in Nigeria.
 
This was disclosed at the first Google for Africa event that held on Wednesday.
 
Managing Director for Google in Africa, Nitin Gajria, said, “Google remains committed to being helpful to every African business, person and classroom.
 
“Google is invested in building our global infrastructure to help bring everyone online.

“This includes Equiano, a state-of-the-art subsea cable that will connect Africa with Europe. We are already making tremendous progress on the construction of branches landing in Nigeria, Namibia, St Helena, and South Africa.

"Named after Olaudah Equiano, a Nigerian born writer and abolitionist, Equiano will provide approximately 20 times more network capacity than the last capable built to serve Africa.
 
“This will lead to a 21 per cent drop in internet prices, as well as a five-fold increase in internet speed in Nigeria, and almost triple in South Africa.”

He added that between 2022 to 2025, Equiano would indirectly create 1.7 million jobs in Nigeria and South Africa because of the expansion of the digital economy and peripheral sectors.
 
Popular Stories
The Story Of Mobolaji Johnson, The Governor Who Developed Lagos With 10,000 Pounds
Lady Investigates Her Boyfriend To See If He's Faithful, And The Outcome Is Shocking (See Leaked Chats)
Meet Fewa Otedola, The Only Son Of Nigerian Billionaire Femi Otedola
President Buhari and Other 8 Powerful World Leaders Who Were Caught Plagiarizing Speeches of Prominent Men
Video: Watch Messi Lose His Temper on the Pitch, Grabs Opponent's Throat


Copyright © 2022 Tori.ng - All rights reserved
Tori.ng is owned and managed by Cyclofoss Technologies Ltd.