Lagos secures $22m investment to expand fibre infrastructure
The Lagos State government has secured a $22 million foreign direct investment (FDI) for the expansion of fibre optic infrastructure to boost its push for smart connectivity and digital growth across the state. The Special Adviser to the Governor on Infrastructure, Engr Olufemi Daramola, disclosed this during the ministerial press briefing commemorating the second year […]
The Lagos State government has secured a $22 million foreign direct investment (FDI) for the expansion of fibre optic infrastructure to boost its push for smart connectivity and digital growth across the state.
The Special Adviser to the Governor on Infrastructure, Engr Olufemi Daramola, disclosed this during the ministerial press briefing commemorating the second year of Governor Babajide Sanwo-Olu’s second term in office.
Daramola said the Lagos State Infrastructure Maintenance and Regulatory Agency (LASIMRA) secured the $22 million commitment as part of its ongoing efforts to expand the state’s fibre duct network.
“In the same vein, the Lagos State Infrastructure Maintenance Agency (LASIMRA) has also made significant boost in the state’s investment in Fibre Duct Expansion: with an additional 2,700km installations planned, building on 3,000km completed by WTES, to enhance connectivity while also securing a commitment of $22 million foreign direct investment for quality fibre installations in Lagos State,” he said.
The investment comes amid the state’s broader plan to deepen its digital backbone by enhancing broadband access and digital services through extensive fibre coverage.
In March, Lagos entered the second phase of its 3,300km metro fibre rollout, adding to the 2,700km already laid to improve internet connectivity, particularly in underserved areas.
The expansion has facilitated over one million new internet subscriptions between 2023 and 2025 and enabled telecom operators to reach areas that had been previously overlooked.
Sanwo-Olu announced plans to extend Lagos State’s fibre-optic network by an additional 1,200km in 2025, alongside the development of world-class data centres within the next two years. These initiatives aim to reinforce the state’s digital infrastructure to drive innovation and economic growth.
Earlier in April, the governor revealed that four data centres were currently under construction, forming part of a broader strategy to expand Lagos’ information technology capacity. The state is also rolling out a 6,800km fibre optic network, with 3,500km already completed to improve internet bandwidth and connectivity.