– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
Top News
DR Congo Urges US to Turn Strategic Minerals Partnership into Concrete Investments
Zambia Targets 5% Economic Growth in 2027 as Government Plans to Halve Budget Deficit
Zambia-Tanzania $1.2 Billion Power Interconnector Expected to Start Operations in 2029
Developing Countries’ External Debt Hits Record $9.4 Trillion in 2025, World Bank Warns
AngloGold Ashanti to Invest $900 Million in Gold Mine Expansions Across Africa and Brazil
AfDB Arranges $1.2 Billion Financing for Tanzania’s Tabora–Kigoma Standard Gauge Railway
Caledonia Mining Secures $150 Million Bridge Facility for Zimbabwe’s Bilboes Gold Project
AfDB President Calls for New African Financial Architecture to Accelerate Private-Sector Growth
US and Egypt Sign $125 Million Agreement to Expand Private-Sector Opportunities
Ethiopia Becomes Africa’s Fifth-Largest Economy After GDP Rebasing to $210.7 Billion
CANEX WKND 2026: Afreximbank Pushes Financing and Market Access for Africa’s Creative Industries
World Bank’s IFC Says Africa Needs Deeper Financial Markets to Mobilize Private Capital at Scale
Dangote Explores Cross-Border Share Trading as Refinery IPO Attracts $4.77 Billion in Orders
OPay Suspends $304 Million US IPO Following Chinese Regulatory Inquiry
Egypt Raises $500 Million Through International Bond Market Reopening
SUBSCRIBE
– Business, Finance, Markets & Economic News
Subscribe
– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
Copyright 2026 - All Right Reserved
Home » Telecommunications » Nigeria Allocates $6.1m for Fibre Project Consultants
Telecommunications

Nigeria Allocates $6.1m for Fibre Project Consultants

by Oluebube Elechi March 25, 2026
written by Oluebube Elechi March 25, 2026
FacebookTwitterLinkedinEmail
148

ABUJA, Mar 25 – Nigeria will spend $6.1 million (8.4 billion naira) on consulting services to support the rollout of its national fibre expansion programme, according to a World Bank procurement report.

The contracts cover seven firms and five individual consultants engaged under the Building Resilient Digital Infrastructure for Growth (BRIDGE) Project, a $2 billion initiative aimed at expanding the country’s broadband backbone.

The project targets an increase in Nigeria’s fibre-optic network from 35,000 kilometres to 125,000 kilometres. The consulting roles span transaction advisory, legal compliance, technical planning and capacity development.

According to the procurement plan, the largest contracts are valued at $1.5 million each. One, for a transaction advisor, was signed on February 20, 2026, while another, supporting university-led digital economy research clusters, is still in progress.

You Might Be Interested In
  • NCC Pushes Cost-Based Duct Sharing to Speed Up Broadband Rollout

Additional contracts include $750,000 for legal and regulatory advisory signed on February 19, 2026, and $850,000 for technical planning services, which remains under procurement. Other allocations cover environmental and social advisory at $750,000, supply chain strategy at $300,000, and skills assessment and training design at $150,000.

A further $348,000 has been set aside for individual consultants. While the project coordinator role has been filled, two positions have been cancelled, with others still underway.

The procurement process, scheduled from July 2025 to December 2026, is being managed through the World Bank’s STEP platform to ensure compliance with international standards.

The BRIDGE project has secured about $1.123 billion in funding so far, including $500 million from the International Development Association, $100 million from the European Bank for Reconstruction and Development, and €22 million from the European Union.

Read Next

  • Russia’s Rusal, Ghana Sign Deal to Develop Bauxite Mines and Alumina Refinery

    October 30, 2026
  • IHS Towers Revenue Rises to $844 Million as Costs Hit Profit

    August 12, 2026
  • Kenya Finalizes China Trade Deal Offering 98% Duty-Free Export Access

    March 25, 2026
  • IMF Says Nigeria Omitted Public Spending Equivalent to 2% of GDP From Official Budgets

    July 1, 2026
  • KCB Group Seeks Regulatory Approval to Acquire Stake in Payments Firm Pesapal

    March 12, 2026

Newsletter

Subscribe to our newsletter for trusted insights on Africa’s economies, markets, and business.

African Economy Inc. Logo

About Us

We are a business and economic intelligence platform delivering in-depth reporting, analysis, and insights on markets, companies and economic developments across Africa.

Our Company

  • AEI Intelligence
  • About
  • Editorial Standard
  • Partnerships
  • Advertise With Us
  • Careers
  • Ownership

News

  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech

Useful Links

  • Privacy Policy
  • Terms of Use
  • Closed Captioning Policy
  • Accessibility Statement
  • Personal Information
  • Data Tracking
  • Register New Account

Subscribe Newsletter

Subscribe to our newsletter for trusted insights on Africa’s economies, markets, and business.

©2026 Majons Media Inc. All Rights Reserved.

Facebook Twitter Instagram Linkedin
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
– Business, Finance, Markets & Economic News
  • Economy
  • Business
  • Markets
  • Banking & Finance
  • Energy
  • Tech
  • Policy
  • African Economy Inc.