The Governor of Ekiti State, Dr. John Kayode Fayemi has signed an Executive Order to reduce the Right of Way charges related to laying broadband or any other telecommunications infrastructures from N4,500 to N145 per meter in Ekiti state.
Ekiti is the first state in Nigeria to adhere and comply with the NEC on approving Right of Way charges for broadband, by now Ekiti state has become the cheapest state for broadband infrastructure investment as 1km of cable will now cost just N145,000 instead of N4.5m previously.
Fayemi said the executive order is part of the ongoing reforms by the Ease of Doing Business project inaugurated by the Governor last year to improve indices that will make Ekiti State an attractive destination for national and international investments in 5 years.
According to the Special Adviser Investment, Trade and Innovations, Mr. Akin Oyebode @AO1379, this decision will ensure Ekiti achieves full broadband penetration by 2021 to attract new businesses, create jobs, improve access to quality healthcare and digital education while improving internally generated revenue.
It is also aligned with the ongoing development of the Ekiti Knowledge Zone, designed to be Nigeria’s first service-based innovation park.
