US Supports Nigeria's Digital Infrastructure with a $2,095,000 Grant

user avatar

by Giorgi Kostiuk

2 years ago

The US is granting $2,095,000 to improve Nigeria's digital infrastructure, deploying 90,000 km of new fibre optic backbone.

US-Nigeria Technology Dialogue

During the inaugural US-Nigeria Technology Dialogue in Washington, D.C., on January 10, 2025, discussions focused on strengthening the digital economies of both nations. The grant funded by USTDA aligns with Nigeria's National Broadband Plan to ensure affordable and accessible broadband coverage.

The United States and Nigeria signed a new $2,095,000 grant to assess the viability of the deployment of at least 90,000 km of new fibre optic backbone infrastructure across Nigeria.US Department of State Statement

AI and Tech Advancements

During the roundtable, delegations discussed the role of critical infrastructure in advancing artificial intelligence and explored technology cooperation and biotechnology. Both governments agreed to hold a virtual expert exchange on AI-enabled biotechnology.

Startup Support and Digital Trade

Nigeria launched the Technology Export and Digital Trade Desk to boost startup funding to $5 billion annually, enhancing the tech sector and global competitiveness.

The initiative seeks to increase the technology sector’s contribution to Nigeria’s GDP from the current 14–18% to 21% within the next three years.Minister Bosun Tijani

The US grant highlights the importance of partnership in improving Nigeria's digital infrastructure and fostering economic growth through digital skill and technology development.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Dormant Bitcoin Wallets Come to Life

chest

Six dormant Bitcoin wallets have moved a total of 55,359 BTC, worth approximately $40.15 million, between August 16 and August 26.

user avatarSatoshi Nakamura

SEC Proposes New Rules for Crypto Custody Regulations

chest

The SEC has proposed new rules to modernize crypto custody regulations for investment advisers and companies.

user avatarJesper Sørensen

US Law Blocks Federal Reserve from Issuing Digital Currency Until 2030

chest

US Congress passed a law blocking the Federal Reserve from issuing a digital currency until 2030.

user avatarRajesh Kumar

ECB Executive Addresses Privacy Concerns of Digital Euro

chest

Piero Cipollone from the European Central Bank addresses privacy concerns regarding the digital euro, emphasizing user privacy and transaction confidentiality.

user avatarLucas Weissmann

Bitcoin Futures Traders Abandon Crypto for Stablecoin Margin

chest

Bitcoin futures traders have largely abandoned using Bitcoin as collateral for their positions, opting for stablecoin-backed positions to avoid risks associated with price drops.

user avatarFilippo Romano

Gold Prices Surge to Three-Month High

chest

Gold prices surged to a three-month high, reaching $4,696.18 an ounce, driven by a weaker dollar and falling Treasury yields.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.