Vice President Yemi Osinbajo says the broadband infrastructure the federal government is currently building will crash the cost of internet data to N390 per 1GB in the next three years.
He made the remarks on Thursday in Abuja at the opening of the 51st annual conference of the Nigerian Institution of Estate Surveyors and Valuers (NIESV).
A gigabyte of data currently costs an average of N1,200 in the country’s telecom market, but the vice president said that by the time the laying of the broadband infrastructure across the country is completed, data prices would crash.
Represented by the Minister of State for Works and Housing, Abubakar Aliyu, Osinbajo said apart from crashing the cost of data, the broadband infrastructure would also increase the Internet speed.
He said the federal government would involve estate surveyors in its infrastructure drive, especially in the areas of building and construction.
Earlier, in his welcome address, the president and chairman in council of NIESV, Emmanuel Okas Wike, asked the government to hands off the building of houses in the country to the private sector and liberalise the sector like that of the telecommunication sector.
Wike said building infrastructure is the catalyst to economic development and the private sector should be fully involved in it.