Nigeria’s Vice President, Kashim Shettima was reportedly spotted in Sweden as he led his delegates of tech enthusiasts into the Ericsson headquarters building to sign a Memorandum of Understanding (MoU) that distributes investment equity to hover around Nigeria’s digital landscape to explore the 5G technology connectivity across other socioeconomic sectors.
Ericsson Nigeria is on the verge of discovering the next generation of broadband connectivity having access to the country’s pool of equity reserved by her government to aid the telecom giant’s campaign for 5G broadband education and distribution among the civilians of the nation-state.
The MoU the Nigerian government orchestrated to access the Swedish global tech giant focuses on setting up a 5G Innovation Lab. This lab will develop custom applications based on 5G technology for various sectors, including agriculture, mining, traders, education, and other industries that can adapt to 5G broadband infrastructure.
However, the delegated MoU aligns an intertwined agreement between both parties, whereby Nigeria’s socioeconomic standards are expected to experience a significant revolution due to the forthcoming establishment of 5G labs, which have more chances of being stations in Lagos than the federal capital territory of the country, Abuja.
It’s worth noting that the strategic collaboration aims to reignite Nigeria’s status quo as Africa’s giant and likewise frontline Nigeria in an ideal position as one of the world’s top users of the 5G network in terms of uninterrupted productivity served on a national scale.
The outcome of the MoU will signature Ericsson’s foreign expertise to duly utilize high end technology to tweak the in-land government agencies especially the Nigerian Communications Commission (NCC) and likewise judiciously use the technology equipment available in the forthcoming 5G lab to explore its brand innovation.
The widespread adoption of 5G technology is expected to drive rapid development and growth of the Nigerian economy. It is worth noting that the partnership aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, aiming to diversify Nigeria’s economy through digital technology.
Vice President Shettima discussed the potential of 5G technology in enhancing security for oil facilities and preventing oil theft, and pipeline vandalism.
The 5G lab will continuously enhance farming practices to yield more productivity, improve mining extraction and processing efficiency, revolutionizing learning experiences, and improving the overall quality of life for Nigerians.
During the visit, Vice President Shettima also met with Swedish Prime Minister Ulf Kristersson to discuss bilateral relations, trade expansion, and regional security cooperation.
He explored green transport solutions with Scania, a leading automobile manufacturer that tells Shettima’s office of interest in frontline high-end electric vehicles in the country.
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