The delegation of Meta Platforms Incorporated has assured President Bola Tinubu of the plan to advance its relationship with Nigeria during their visit to the State House on Thursday, March 21.
During his remarks, Sir Clegg, former UK Deputy Prime Minister and Meta’s President of Global Affair thanked the president for an executive order he issued, which enabled the landing of the Meta-backed deep-sea cable in Nigeria.
The company which owns social media companies, Twitter, Whatsapp and Instagram among others said that it will introduce in June 2024 a feature on its Instagram app that will allow Nigerian creators to monetize their content to enable them to earn a living using the app.
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Sir Clegg said: “It is an extraordinary infrastructure project. When it comes on stream in the first quarter of 2025, it will be twice as much as the capacity of all subsea cables that exist. We buried the cable 50 percent deeper than any other subsea cables under the seabed.
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“It is more powerful and more extensive in terms of its geographical connectivity. It could yield up to 37 billion dollars worth of increase in economic activity in the next two or three years across the African continent. We have a lot to do with Nigeria to deepen partnerships.”
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