Landing of Google Equiano Sea Cable System in Lagos will create 1.6 million jobs for Nigerians – Sanwo-Olu
Governor Babajide Sanwo-Olu of Lagos on Thursday witnessed the landing of Google Equiano Sea Cable System in the state.
The governor who spoke about economic benefits of the project said it will create 1.6 million jobs for Nigerians.
“It is gratifying to learn that the sea cable system will deliver twenty times as much network capacity as any of the existing systems serving Nigeria.
“This means much faster internet speed, reduced cost, and greater access for our people. The net effect of this is much-needed jobs and economic growth.
“The economic impact assessment for the project estimates that Nigeria will enjoy a boost of 1.6 million jobs and 10 billion dollars in additional Gross Domestic Product (GDP) over the next three years, on account of the new cable system.
“There is much to be excited about, at a time like this in the unfolding history of Lagos State and of Nigeria. We are seeing an unprecedented inflow of investments into every part of Lagos, from local and foreign investors who understand the immense business and commercial potential that the State symbolises,” Sanwo-Olu said.
He congratulated Google LLC for envisioning the project, and the West Indian Ocean Cable Company (WIOCC) for helping in the area of implementation.