Ekiti State has now become the cheapest state for broadband investment in Nigeria following an Executive Order signed by the State Governor, Dr. Kayode Fayemi today, May 14, 2020, which brings the Right of Way charges down from N4500 to N145 per metre.
In a statement, the Governor who stated that the Executive Order is part of ongoing efforts to reform the Ease of Doing Business in the State, affirmed that Ekiti is ready to attract broadband investments having now complied with the approved charges by the National Executive Council (NEC).
“Ekiti is the first state in Nigeria to comply with the NEC approved Right of Way charges for broadband thus becoming the cheapest state for broadband infrastructure investment as 1km of cable will now cost just N145,000 as against N4.5m previously.
“This decision will ensure Ekiti achieves full broadband penetration by 2021 to attract new businesses, create jobs, improve access to quality healthcare and digital education while improving internally generated revenue”, the Governor noted.
He added that the decision on reducing charges on broadband deployment in the state aligns with the ongoing development of the Ekiti Knowledge Zone, designed to be Nigeria’s first service based innovation park.
Last year, Governor Fayemi inaugurated reforms initiatives to improve Ease of Doing Business and indices that will make Ekiti State an attractive destination for national and international investments within a 5-year term.