Africa's broadband demand has exploded since 2019, presenting a goldmine for service providers and attracting a wave of financial investment in network expansion.

IHS Nigeria, a major owner and operator of telecom infrastructure, announced on Wednesday the completion of a 10,000-kilometer fiber optic cable network spanning all 36 Nigerian states and the Federal Capital Territory.

The project, executed by IHS subsidiary Global Independent Connect Limited (GICL), aims to address connectivity gaps and support the government's National Broadband Plan, which targets 90% penetration by 2025.

"Limited fiber optic networks hinder service improvement and emerging technologies," said GICL Vice President Kazeem Oladepo. "Our open-access approach provides robust, scalable fiber for multiple operators."

Beyond the fiber network, GICL also brought mobile coverage to over 580 previously unconnected rural communities. Oladepo credited collaboration with stakeholders for the "significant volume" of fiber laid in under three years.

This investment aligns with IHS's strategic focus on high-growth markets like Nigeria. The company sees strong revenue potential, bolstered by the government's commitment to broadband development.

"Supporting wider coverage makes IHS's services indispensable for public and private sectors," Oladepo added, highlighting competition from Pan African Towers, INT Towers, and ATC Nigeria.