Imo State approves ₦145 Right of Way Charge

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

List of Mobile Banking USSD Codes For All Banks in Nigeria and how to use them

The introduction of USSD (Unstructured Supplementary Service Data) has changed the Nigerian banking system completely. Today, mobile banking services...
- Advertisement -
Imo State has approved a Right of Way (RoW) charge reduction from ₦4,500 to ₦145 per meter. Last week, Ekiti State became the first state to reduce its RoW charge to ₦145 as recommended by the Federal Government.
Telecommunication companies pay RoW to deploy cables that facilitate high-speed internet connectivity. Other states may follow suit to ease communication and collaboration across the nation following the COVID-19 induced lockdown.

Imo State approves ₦145 Right of Way Charge - Brand Spur
Imo State Governor. His Excellency Senator Hope Uzodimma

The reduction was a manifestation of our Government’s determination to spur the telecommunication companies to further invest in broadband infrastructure and trigger ancillary on-line services, especially in the field of education.
The Government is hopeful that this drastic reduction from N4500 of the broadband ROW to N145 per line meter of fibre will accelerate the deployment of affordable and reliable modern high-speed connectivity in the State.

This was to ease the cost of deploying the necessary infrastructure that would aid the National Broadband Penetration plan by telcos. Despite this decision, many states didn’t obey for several years. States like Lagos increased RoW charges from N500 per meter to N5,000 per meter on state roads. Other states have also gone on to charge as much as N6,000 per metre.

Read Also:  MONTHLY FIXED INCOME MARKET REPORT

This has slowed the deployment of broadband infrastructure across the country as Infrastructure Companies (InfraCos) have not been to roll out as expected.

The Executive order urged telecommunication companies to note that the State plays host to vibrant and youthful demography located in many tertiary institutions, who form the bulk of the end-users of their products.

Read Also:  Mondelēz International Announces OREO Brand Will Display Cocoa Life Logo
- Advertisement -
Imo State approves ₦145 Right of Way Charge - Brand SpurImo State approves ₦145 Right of Way Charge - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Imo State approves ₦145 Right of Way Charge - Brand SpurImo State approves ₦145 Right of Way Charge - Brand Spur

Latest News

HealthPlus Appoints Chidi Okoro as Interim CEO

The Board of HealthPlus issued an instruction terminating the appointment of the CEO Mrs. Bukky George and asked Mr....

Ogun State Partners with Animal Care Konsult on Livestock Value Chain Opportunities

Today, 25th September 2020, we received in our office, the Executive Director of Animal Care Konsult (Nig) Ltd, Dr Agbato Opeyemi and his team,...

Coscharis Motors Excites Ford Customers With Free Service Pack

Coscharis Motors Plc, a foremost automobile dealer and sole distributor of Ford vehicles in Nigeria is offering free service to her customers who purchase...

COVID-19: Lagos State Launches N5 Billion Support Capital For Low-Cost Schools (Photos)

Gov: ‘Intervention To Help Mitigate Effect Of Lockdown’ LSETF, First Bank Float Education Loan Programme Lagos State Government in partnership with First Bank of...

Ogun State Resumes Monthly Environmental Sanitation this Saturday

After a long break due to COVID-19 pandemic, the Ogun state government says the monthly Environmental sanitation exercise will resume this month and it...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Imo State approves ₦145 Right of Way Charge - Brand SpurImo State approves ₦145 Right of Way Charge - Brand Spur