Nigerian billionaire Mike Adenuga’s telecom giant, Globacom wants to boost digital access and ease the pressure on mobile networks, is teaming up with Wave5 Wireless to roll out public Wi-Fi across key parts of Lagos…CONTINUE FULL READING>>>>>
The new partnership, which kicks off with a pilot phase, aims to serve over 200,000 users by targeting bustling locations like Tejuosho and Arena markets, as well as 15 Lagos bus shelters managed by LAMATA.
The project is expected to offer internet access at an affordable daily rate of ₦500, giving users about three hours of Wi-Fi use per day.
For Globacom, this is more than just a technical upgrade, it’s a strategic step in its long-term plan to deepen its digital footprint and ease congestion on its mobile networks.
The company will offload some of its 3G and 4G traffic onto Wave5’s infrastructure, allowing users to switch seamlessly between mobile data and public Wi-Fi in busy areas.
“This partnership redefines connectivity in Nigeria,” said Biola Akinyemi, Wave5’s CTO and co-founder. He described the project as a response to the everyday frustration of unreliable network service, especially in dense urban zones.
Wave5 believes the model could generate over $7 million in recurring annual revenue, and the company is currently raising $3 million to take the project beyond Lagos and into other parts of Nigeria and sub-Saharan Africa.
The broader vision is to create a shared infrastructure system, one that can be used by multiple telecom operators, not just Glo. Wave5’s founder, Ayọ̀wándé Adálémọ, sees this as a way to close the digital gap across Nigeria, especially for small businesses and low-income users who are often left behind in the data revolution.
This move also fits into a wider pattern of investment from Globacom. Earlier this year, the company extended mobile coverage to Kura, a remote community near Abuja, connecting 12,000 residents many of whom had never had mobile service before.
Glo also opened a new digital hub in Lagos, with plans to launch more in cities like Ibadan, Port Harcourt, and Abuja to support local tech talent.
While the Lagos Wi-Fi project is making waves in telecoms, Mike Adenuga’s business empire continues to stretch into energy as well.
His oil company, Conoil Producing, recently launched a new crude blend named Obodo, marking a milestone for Nigerian oil exports.
From public Wi-Fi to rural mobile coverage and energy exploration, Adenuga’s companies seem focused on one goal: building the kind of infrastructure that connects Nigerians, not just to the internet, but to opportunities…CONTINUE FULL READING>>>>>
