• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors

ITU announces $4.8 billion investment to boost global connectivity  

Samson Akintaro by Samson Akintaro
May 28, 2024
in Sectors, Tech News
Doreen Bogdan-Martin

ITU Secretary-General, Doreen Bogdan-Martin.

Share on FacebookShare on TwitterShare on Linkedin

The International Telecommunications Union (ITU), has announced $4.8 billion investment commitments to drive global connectivity.  

The UN Agency for digital technologies announced this on Monday during the plenary of the 2024 World Summit on the Information Society (WSIS+20) forum in Geneva, Switzerland.

According to the Agency, the announcement brings the total pledges aimed at closing the digital divide through ITU’s Partner2Connect Digital Coalition (P2C) to $50.96 billion. 

RelatedStories

Visa and Microsoft partner to empower Nigeria’s fintech ecosystem at AI skills week 

Visa and Microsoft partner to empower Nigeria’s fintech ecosystem at AI skills week 

June 12, 2025
Billionaire Musk’s xAI, Nvidia join Microsoft’s $30 Billion AI Infrastructure fund 

Billionaire Musk’s xAI, Nvidia join Microsoft’s $30 Billion AI Infrastructure fund 

March 19, 2025

With the latest addition, the ITU said the total commitments towards global connectivity is now more than half the $100 billion goal set for 2026. 

Huge win for global connectivity 

ITU disclosed that among the new commitments announced at the WSIS Forum event were pledges that leverage artificial intelligence (AI) to enhance digital access, adoption, and inclusion.  

Commenting on the new investment, ITU Secretary-General, Doreen Bogdan-Martin, said, 

“Closing the digital divide requires a team effort, and today we scored a huge win for global connectivity. I am thrilled to see these amazing new commitments and that we have united P2C and WSIS to break through the halfway point in our goal to help bring the benefits of digital connectivity to everyone, everywhere. 

“Because of the leadership, vision and ambition of P2C’s pledgers, millions of people will be given the opportunity to have more accessible, more affordable digital technologies for socio-economic growth, improved health, and everything that makes connectivity meaningful. It’s extremely exciting to see new pledges begin to leverage the power of artificial intelligence to transform the inclusive digital societies we all aspire to build,” Bogdan-Martin added. 

The investors 

ITU said investors in the latest funding commitment include American telecom company, AT&T, which helps 25 million people in the hardest-to-connect areas in the United States to get and stay connected by 2030 through a commitment of $3 billion.  

  • According to ITU, this brings to $5 billion, the total commitment by AT&T since 2021 to narrow the digital divide.  
  • The government of Canada is also listed among the latest investors in global connectivity. ITU said the government is investing in computing infrastructure to support AI businesses and researchers in Canada through the CAD 2 billion (USD 1.46 billion) AI Compute Access Fund.  
  • It added that Canada is also committing an additional CAD 400 million ($292 million) in the adoption of AI across Canada’s economy; help small and medium-sized enterprises introduce AI into their businesses; protect workers with skills development; and create a new Canadian AI Safe Institute to help Canada better understand and protect against the risks of advanced AI systems. 

Microsoft is said to have also made a new pledge to support projects and prioritize partnerships to rapidly accelerate how people with disabilities are included in and represented by the systems, designs, and features of technology, including AI.  

What you should know 

The WSIS+20 Forum High-Level Event is meeting from 27 to 31 May to address challenges and log achievements in the two decades since the multi-stakeholder WSIS process was established. 

At the WSIS Forum event, government ministers and officials from over 160 countries as well as representatives from the private sector, civil society, academia, the technical community, the UN System, and intergovernmental organizations are analysing key trends shaping the world, including artificial intelligence, space for sustainable development, and other fast-evolving topics. 

Nigeria’s Minister of Communications, Innovation and Digital Economy, Bosun Tijani, is representing the country at the ongoing Forum.  

The WSIS+20 Forum High-Level Event outcome will inform the UN General Assembly WSIS+20 review scheduled for September 2025 to identify how WSIS processes can support the Global Digital Compact expected to be agreed as part of the Summit of the Future later this year. 


Follow us for Breaking News and Market Intelligence.
Tags: Doreen Bogdan-MartinITUMicrosoftPartner2Connect Digital Coalition
Samson Akintaro

Samson Akintaro

Samson Akintaro is a tech enthusiast and has over a decade experience covering and writing about the tech industry. He is currently the Tech Analyst at Nairametrics.

Related Posts

Visa and Microsoft partner to empower Nigeria’s fintech ecosystem at AI skills week 
Companies

Visa and Microsoft partner to empower Nigeria’s fintech ecosystem at AI skills week 

June 12, 2025
Billionaire Musk’s xAI, Nvidia join Microsoft’s $30 Billion AI Infrastructure fund 
Sectors

Billionaire Musk’s xAI, Nvidia join Microsoft’s $30 Billion AI Infrastructure fund 

March 19, 2025
Microsoft warns crypto users of StilachiRAT malware targeting wallets
Cryptos

Microsoft warns crypto users of StilachiRAT malware targeting wallets

March 18, 2025
WHO, ITU launch global safe listening standard to prevent hearing loss among gamers 
Sectors

WHO, ITU launch global safe listening standard to prevent hearing loss among gamers 

March 3, 2025
Microsoft to shut down Skype in May, urges users to migrate to Teams 
Sectors

Microsoft to shut down Skype in May, urges users to migrate to Teams 

February 28, 2025
Microsoft Corporation
Sectors

Microsoft announces $1 million investment to train one million Nigerians in AI skills 

February 19, 2025
Next Post
Food items’ stock pile-up across major markets, as prices continue to drop

FG blames tomato scarcity, price increases across Nigeria on farm infestation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • NIBSS unveils National Payment Stack to revolutionize instant payment in Nigeria 
  • Top 10 most affordable states to live in Nigeria – May 2025 ranking  
  • Visa appoints Aminata Kane as Head of Western and Central Africa 

Follow us on social media:

Recent News

NIBSS unveils National Payment Stack to revolutionize instant payment in Nigeria 

NIBSS unveils National Payment Stack to revolutionize instant payment in Nigeria 

June 18, 2025
Top 10 most affordable states to live in Nigeria – May 2025 ranking  

Top 10 most affordable states to live in Nigeria – May 2025 ranking  

June 18, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics