FBNQuest Capital, a subsidiary of FBN Holdings PIc, has said the introduction of the 5G network in Nigeria would boost data speeds.
This was made known in a recently released report titled, “Internet speed in need of a boost”.
The report stated “following the successful auction of 5G licences last month, the eventual rollout of 5G networks would help improve data speeds. However, we anticipate a gradual rollout”.
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This comes in the wake of Nigeria’s internet being ranked among the slowest in the world.
FBN quest disclosed that although there had been a steady increase in the number of active mobile lines and internet subscribers, the quality of internet connection remains poor.
The report, however, envisaged that Nigerians might be required to spend more on data due to the additional expenses incurred by network providers for the availability of the 5G network.
“Given network providers’ additional infrastructure expenditures, data plans may initially be more expensive before tapering down”, the report said.
