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Nigeria gets more internet and foreign monopoly from China’s $400m loan for fibre

When fully utilised, the $400 million credit facility from China Exim Bank for laying of fibre infrastructure across states in Nigeria would enable pervasive broadband penetration and also a possible forieign dominance of technology assets in the country. The loan is primarily to support Nigeria’s National Information and Communication Technology Infrastructure Backbone Phase 11 (NICTIB…

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