The Google Equiano Sea Cable System on Thursday landed in Lagos.
The virtual landing of the sea cable event was witnessed by Governor Babajide Sanwo-Olu of Lagos and other dignitaries at the Open Access Data Centre, Lekki in Lagos.
The landing of Equiano Sea Cable System will firmly position Nigeria as the regional connectivity and content hub for West Africa, attracting cloud operators, content providers, content distribution networks and their associated ecosystems.
It is significant and a demonstration of the seriousness with which Google LLC views Nigeria, the economic and demographic giant of Africa.
The new cable system is named after a Nigerian hero, Olaudah Equiano, who survived enslavement in the 18th century and went on to become a famous writer and anti-slavery activist.
The Chief Executive Officer (CEO) of WIOCC, Chris Wood, described the landing of the submarine cables as a major investment for Nigeria’s digital economy and Lagos State in particular.
He said the submarine cables will deliver high-speed internet connectivity at a reduced cost.
Sanwo-Olu said the country will enjoy a boost of 1.6 million jobs and $10 billion in additional Gross Domestic Product (GDP) over the next three years, on account of the new cable system.
He said with the landing of the sea cable system and other investments in high-speed internet, Lagos is about to witness an unprecedented digital revolution that will cement its global reputation as a hub for entrepreneurial innovation.
The governor said the new cable system is the latest element in the transformation of the physical infrastructure landscape, new roads, bridges, jetties, factories, municipal and national rail lines, among others being delivered by his administration and a host of partners and stakeholders across public and private sectors.
Sanwo-Olu said: “I am told that this new Equiano cable system, landing today, will deliver 20 times as much network capacity as any of the existing systems serving Nigeria.
“This means much faster internet speed, reduced cost, and greater access for our people. The net effect of this is much-needed jobs and economic growth. The economic impact assessment for the project estimates that Nigeria will enjoy a boost of 1.6 million jobs and $10 billion in additional GDP over the next three years, on account of the new cable system.”
- CBN director: How I collected $600,000 contract bribe for Emefiele - April 29, 2024
- 2024 UTME results: 8,401 candidates scored 300+, 77,070 got 250+ - April 29, 2024
- Tinubu appoints Jim Ovia as Education Loan Fund chairman - April 26, 2024
