Minister of Communications, Innovation and Digital Economy, Bosun Tijani, says the federal government approved a 50 percent tariff hike for telecommunications companies to sustain the industry.
Tijani spoke on Saturday at the maiden robotics and artificial intelligence Nigeria (RAIN) summit, held in Ibadan.
Speaking on the move, Tijani said “the new tariff would allow telecommunication companies to be able to invest in new infrastructure and improve connectivity”.
On infrastructure, the minister urged Nigerian youths to drive technological progress as the present administration provides the necessary amenities.
“The biggest challenge for governments is individuals,” he said.
“As we invest in infrastructure to drive the progress of technology, we need individuals, we need innovators, we need entrepreneurs to actually build the technologies.
“Governments cannot build the progress that we want to build. What governments will build is the foundation for that progress to happen.”
According to the minister, the productivity and prosperity that nations want to build will come from smart application of AI.
