Google’s Equiano cable lands in Nigeria, to boost GDP by $10.1bn by 2025

Google and cable landing partner, WIOCC, has announced the landing in Lagos, Nigeria, of the state-of-the-art Equiano subsea cable, which will become a critical element in meeting Nigeria’s current and future international connectivity demands. Named after Nigerian-born writer and abolitionist, Olaudah Equiano, the Equiano cable will help support further digital transformation in Nigeria, a country which has produced five start-up unicorns (companies now valued at more than $1 billion) in the past five years. A recent impact assessment study by Africa Practice and Genesis Analytics stated that once the state-of-the-art, high-capacity Equiano cable had become fully operational, anticipated later this year, it is expected to bring the following benefits to Nigeria: increase internet speeds by a factor of six, reduce internet retail prices by 21 per cent and increase internet penetration by six percentage points.
 
Also, it will boost GDP by $10.1 billion by 2025, boost employment creation by 1.6 million jobs by 2025 and save 2.8 million tonnes of CO2 emissions per annum…
 
More details through:
https://www.sunnewsonline.com/googles-equiano-cable-lands-in-nigeria-to-boost-gdp-by-10-1bn-by-2025-2/
https://independent.ng/just-in-equiano-subsea-cable-lands-in-nigeria/
https://www.thecable.ng/high-internet-speed-job-creation-how-google-equiano-cable-will-impact-nigerian-economy
https://dailytrust.com/google-lands-equiano-cable-in-nigeria