Company profile

Project Digital Value Chain Infrastructure for Boosting Employment

Project BRIDGE, formally known as the Digital Value Chain Infrastructure for Boosting Employment (D-VIBE), is a Nigeria-based Special Purpose Vehicle (SPV) programme established through Federal Executive Council approval in May 2024 and implemented by the Federal Ministry of Communications, Innovation and Digital Economy (FMCIDE). Structured as a public-private partnership (PPP), the initiative aims to deploy 90,000 kilometres of open-access fibre-optic cable, expanding Nigeria's national broadband backbone from approximately 30,000–35,000 kilometres to 120,000–125,000 kilometres and connecting all 774 local government areas. The Nigerian federal government, through the Ministry of Finance Incorporated (MOFI), holds a minority stake of between 25% and 49%, with private investors holding 51%–75%. Total capitalisation is targeted at USD 2 billion, combining sovereign loans from the African Development Bank (USD 200 million), the World Bank (USD 500 million), and the European Bank for Reconstruction and Development (USD 100 million), an EU grant of EUR 22 million, and at least USD 1.2 billion from the private sector. The SPV will operate across Nigeria, with planned cross-border connectivity extensions to Benin, Cameroon, Niger, and Chad.

Sector

Telecoms and digital infrastructure / Telecommunications Infrastructure

Markets

Nigeria

Founded

2024

Ownership

Government

Stage

N/A

Capital raised

$200m

Business model

B2B Rental/Leasing, Licensing

Products and services

National Open-Access Fibre Backbone, Wholesale Broadband Capacity Leasing & Cross-Border Connectivity

Source: Partner Researchers.