Nigeria’s ambitious drive to connect more than 20 million unserved citizens has attracted renewed interest from China Industrial Bank (CIB), signalling potential Chinese participation in one of the Federal Government’s largest telecoms infrastructure projects aimed at expanding broadband access across underserved communities.
The development emerged following a meeting between Dr Bosun Tijani, Minister of Communications, Innovation and Digital Economy, and a delegation from China Industrial Bank led by Peng Shuang, General Manager of Strategic Emerging Industries Business Headquarters.
The engagement comes as the Federal Government intensifies efforts to attract strategic investors into the Nigeria Universal Communication Access Project (NUCAP), a flagship broadband initiative designed to extend telecommunications services to communities currently lacking access to reliable connectivity, according to the minister.
China’s interest in NUCAP could strengthen investor confidence in the project and potentially position the Chinese financial institution among prospective partners being considered for participation in the project’s Special Purpose Vehicle (SPV).
China Industrial Bank has expressed interest in Nigeria’s NUCAP project, which aims to deploy 3,700 towers and connect over 20 million unserved Nigerians. Image credit: Ministry of Communications, Innovation and Digital Economy
“Nigeria’s connectivity challenge remains significant. Government estimates indicate that more than 20 million Nigerians still live in locations with little or no access to telecommunications services, limiting opportunities for education, healthcare, financial inclusion, digital services and economic participation. Earlier this year, Tijani disclosed that the Federal Government had secured approval for the deployment of 3,700 telecommunications towers across the country, with a target of delivering at least 1,000 tower sites within the year.”
Nigeria’s government seeks investors for connectivity rollout
The Federal Government has been actively courting private-sector participation in NUCAP as part of efforts to accelerate broadband expansion and bridge Nigeria’s digital divide.
In April, the Ministry of Communications, Innovation and Digital Economy invited investors to acquire a minority equity stake in the project’s SPV, highlighting the initiative’s strategic importance in extending digital infrastructure to underserved and unserved communities nationwide.
Nigeria’s connectivity challenge remains significant. Government estimates indicate that more than 20 million Nigerians still live in locations with little or no access to telecommunications services, limiting opportunities for education, healthcare, financial inclusion, digital services and economic participation.
Earlier this year, Tijani disclosed that the Federal Government had secured approval for the deployment of 3,700 telecommunications towers across the country, with a target of delivering at least 1,000 tower sites within the year.
The project is expected to focus on some of Nigeria’s most difficult-to-reach locations, including rural, remote and riverine communities that have remained outside the commercial coverage footprint of mobile network operators.
“NUCAP is a wholly greenfield network of modern telecommunications towers that will extend connectivity to these previously unconnected communities, many of them in rural and riverine areas of Nigeria,” Tijani said.
China bank backs 1,000-tower target
Expressing optimism about the project’s progress, the minister welcomed the bank’s commitment to supporting the Federal Government’s connectivity ambitions.
According to Tijani, discussions with China Industrial Bank reinforce confidence in achieving the target of deploying at least 1,000 telecommunications towers before the end of the year.
“I am encouraged by the Bank’s commitment to supporting our ambition of delivering a minimum of 1,000 tower sites by the end of this year to help bring connectivity, opportunity and economic inclusion closer to millions of Nigerians,” he said.
The support from China Industrial Bank comes at a critical stage in the project’s implementation as government seeks both funding and strategic expertise to accelerate deployment.
Nigeria’s NUCAP to deliver broadband, Wi-Fi and digital services
NUCAP is designed as a large-scale digital inclusion initiative that will deploy 3,700 telecommunications towers nationwide to provide broadband connectivity, public Wi-Fi services, digital learning platforms and supporting communications infrastructure in underserved communities.
The project is expected to play a significant role in advancing the Federal Government’s broader digital economy agenda by improving access to online education, digital financial services, e-government platforms and other technology-enabled opportunities.
To facilitate implementation, the initiative is being executed through a Special Purpose Vehicle established to own, manage and commercialise the network infrastructure.
The SPV will oversee project assets and coordinate with contractors, mobile network operators, regulators and other stakeholders involved in the construction, deployment and operation of the network.
Under the ownership structure approved by the government, the Federal Government, acting through the Ministry of Finance Incorporated (MOFI), will hold a 90% equity stake in the SPV, while private-sector investors and strategic partners will collectively own the remaining 10% stake.
Government officials have indicated that prospective investors will be required to commit approximately $35 million to acquire the minority stake, reflecting efforts to attract private capital while ensuring public-sector control of the strategic infrastructure.
Closing Nigeria’s digital divide
The initiative aligns with the mandate of the Universal Service Provision Fund (USPF), which was established to promote universal access to information and communication technologies across rural, unserved and underserved areas of Nigeria.
As Nigeria pursues its target of achieving universal digital access, projects such as NUCAP are increasingly being viewed as critical infrastructure investments capable of extending connectivity beyond commercially viable urban centres and bringing millions of excluded Nigerians into the digital economy.
The growing interest from China Industrial Bank highlights the international investment attention being drawn to Nigeria’s broadband expansion agenda and underscores the scale of opportunities emerging in the country’s quest to bridge the connectivity gap affecting more than 20 million citizens.
NNPC Limited Delivers NGN7,913 Billion in Statutory Payments, Sustains 100% Upstream Pipeline Availability for Second Consecutive Month
NNPC Ltd. has released its Monthly Report Summary for July 2026.
Cumulative statutory payments for January to July 2026 reached NGN7,913 Billion, up from NGN6,286 Billion for January to June 2026, reflecting a month-on-month addition of NGN1,627 Billion. Similarly, upstream pipeline availability was sustained at 100% for the second consecutive month.
The Builders Stage is returning to TechCrunch Disrupt 2026, bringing together founders, startup operators, and investors for practical conversations on what it takes to build and scale successful companies.
Hear from startup and venture leaders shaping the tech ecosystem, including Grant Lee, CEO and co-founder of Gamma; Leah Solivan, founder and general partner at Precedent.vc; Robby Stein, VP of Product at Google; and more. Through candid conversations and real-world case studies, speakers will share actionable insights on fundraising, hiring, go-to-market strategy, AI, and the operational decisions that fuel startup growth.
Join more than 10,000 founders, investors, startup operators, and technology leaders at Moscone Center in San Francisco on October 13-15. Register today and save before our next ticket price increase.
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Built for founders who are ready to scale
Building a startup is one thing. Building a company that can scale is another challenge entirely. The Builders Stage is one of six industry-focused stages at Disrupt 2026, dedicated to helping founders navigate the challenges of growth, from raising capital and hiring top talent to building go-to-market engines and preparing for the jump from seed to Series A.
Every session delivers practical strategies you can put to work immediately, plus opportunities to engage directly with speakers during live Q&A. Secure your pass to Disrupt 2026 today and save up to $330 before rates increase.
Without further ado, here’s your first look at the Builders Stage agenda, with more speakers and sessions to be announced as we get closer to the event.
Builders Stage agenda
How to Win When You’re Not Building AI
With Shan Shan, Investment Manager, Baillie Gifford; and Yuri Sagalov, Managing Director at General Catalyst
AI may dominate the world of venture, but many enduring companies won’t be those that sell AI models or agents. This session is for founders competing for attention in an AI-obsessed market. Panelists break down what actually matters now: efficient growth, retention, revenue quality, and disciplined execution, and why fundamentals, not hype, still build breakout businesses.
Nearly all AI founders have the same worry these days: What if OpenAI or Anthropic launches a product that competes with mine? Even strong products are at risk of becoming features of the larger players. This session explores where defensibility exists and what founders can do if they do face competition from rapidly evolving AI giants.
AI startups are scaling faster, and demanding more capital, than any generation before them. Jas Khaira, Global Head of Blackstone N1, shares what separates enduring companies from early momentum, how founders should think about capital as they scale, and what Blackstone looks for when backing the next generation of category-defining businesses.
Competing for AI Talent: Pay, Equity, and Retention
The growth of AI startups has made hiring and retention more difficult for every tech company. From competing for AI talent to navigating secondary sales, founders are rethinking the human infrastructure of their startups. As incentives and employee expectations rapidly evolve, this session explores how companies are adapting compensation, culture, and team-building strategies to attract and retain top talent in a fundamentally changed market.
Founders are increasingly expected to compete for capital before they even have a product. At the pre-seed stage, investors are betting on story, conviction, and founder-market fit. This session breaks down how to build credibility before revenue exists so investors will cut that first check.
From MVP to Billions of Users: How Product Decisions Must Change at Scale
The instincts that win when building your first minimum viable product can break you at a billion-user scale. In this fireside, Robby Stein shares how product decision-making changes when every update impacts billions of users. Hear how teams balance speed with trust and innovation with reliability at one of the world’s largest product organizations.
Hiring When AI Is a Co-Founder
With Josh Reeves, CEO and Co-founder, Gusto; more speakers to be announced
Early-stage companies are no longer just building with AI; they’re hiring it. As AI agents take on engineering, support, and operations, the definition of an early team is being rewritten. This session explores how founders decide what humans should own versus what gets delegated to AI, and how high-growth startups are building hybrid teams without losing speed, accountability, or culture.
AI isn’t just adding features, it’s forcing product teams to rethink how people search, discover, communicate, travel, and make decisions. Leaders from Reddit, Square and Uber discuss how they’re redesigning products used by millions, what users actually want from AI, and where product leaders should resist the temptation to automate everything.
The smartest founders today aren’t just building for IPOs; they’re also building with possible acquisitions in mind from day one. As exits shift and capital tightens, understanding M&A early has become a competitive advantage. This session breaks down how founders can create the possibility of such an option through product strategy and partnerships. It delves into how big-dollar startup outcomes actually happen, even for small companies.
Series A is getting harder, with VCs growing more demanding. For founders planning to raise in the next one to two years, this session breaks down what “fundable” will actually mean in 2027. Hear how top investors are redefining the metrics, teams, and traction that matter now, what outdated fundraising playbooks no longer work, and how companies can separate from the pack in the next funding cycle.
The 90-Day GTM: Why $0–$10M ARR Is the New Baseline (and How to Actually Get There)
With Ryan Meadows, Chief Revenue Officer, Lovable; and Tomasz Tunguz, General Partner and Founder, Theory Ventures; Ben Broca, Founder, Polsia
The definition of traction has changed. What once took years is now expected in months, and $0 to $10 million ARR is increasingly becoming the new early-stage baseline. This session breaks down how AI-enabled execution, faster distribution, and shifting investor expectations are compressing GTM timelines, and the tactical levers founders need in the first 90 days to accelerate revenue and stand out fast.
The Real Tokenmaxxing: How the Best AI Companies Navigate a Multi-Model World
With Mo Jomaa, Partner, Capital G; and Zuzanna Stamirowska, CEO and Co-founder, Pathway; more speakers to be announced
The frontier is moving faster than any single model can keep up with, and the teams building the most successful AI products are increasingly orchestrating across many models rather than betting on just one. This panel brings together founders and operators at the center of that shift to discuss how they evaluate new models, manage cost and reliability at scale, and architect products that can evolve as quickly as the underlying technology.
The AI conversation is shifting from what models can say to what they can actually do. Agents are navigating the open web and completing work, AI systems are taking on increasingly ambitious research, intelligent machines are beginning to operate beyond the screen, and a new infrastructure layer is emerging to make all of this possible at scale.
Greenfield Partners’ Shay Grinfeld sits down with founders building across these emerging areas to separate what’s real today from what’s coming next, and explore where the biggest new opportunities are taking shape. The conversation will culminate in the reveal of Greenfield Partners’ 2026 AI Disruptors 60, spotlighting the companies Greenfield and TechCrunch believe are pushing AI into new territory.
PMF Red Flags: How to Tell If You Really Have It
With Rajeev Dham, Managing Director, Sapphire Ventures; and Rahul Vohra, Founder and Head of Superhuman Mail; more speakers to be announced
In an AI hype cycle, product-market fit signals are easier to fake and harder to trust. Founders are mistaking early excitement, usage spikes, and pilot wins for durable traction. This session breaks down what false PMF actually looks like, how investors and operators separate real retention from hype-driven adoption, and the signals that indicate whether a company has true pull or just temporary momentum.
The Zero-to-1K Playbook: How to Get Your First 1,000 Customers Without a Marketing Budget
With Grant Lee, CEO and Co-founder, Gamma; Leah Solivan, Founder and General Partner, Precedent.vc; andElia Wallen, Founder and CEO, Engine
Early customer acquisition is not about marketing spend; it’s about founder-led distribution and relentless execution. Most startups at zero to one do not have budget, brand, or scale, only urgency and creativity. This session breaks down how founders are landing their first customers through community building, product-led growth, founder-led sales, strategic outbound, and word-of-mouth momentum.
Yes, It’s Hard to Be a Founder: An Honest Conversation
With Nell Daly, Co-founder and Managing Partner, Revenge Capital; David H. Rosmarin, Associate Professor, Harvard Medical School; and Jack Withinshaw, Co-founder and Chief Commercial Officer, Airspeeder
Company building is as psychologically demanding as it is strategic, and most founder narratives understate that reality. In this candid conversation, founders and mental performance experts unpack the hidden costs of high-growth environments, from burnout and decision fatigue to the identity strain of sustained pressure, and share the systems, habits, and mental frameworks that help leaders endure and perform at a high level.
So You’ve Got a Hit Product. How Does Your Company Do It Again?
Most startups stall out because they build a single great product instead of a repeatable multi-product engine. Join a venture capitalist and two founders as they reveal the precise operational playbook for capital allocation, systemizing internal innovation, and engineering a compounding “Second Act” before the core product’s growth curve flattens.
Hiring, Compensation and Culture in the Most Competitive Market Ever
With Matt Birnbaum, Founder, Wylder.co; and Atli Thorkelsson, VP, Talent Network, Redpoint Ventures; more speakers to be announced
No question about it, the growth of AI startups has made hiring and retention for all tech companies more difficult. From competing for AI talent to secondary sales, founders are rethinking the human infrastructure of their startups. As hiring, incentives, and employee expectations rapidly evolve, this session explores how companies are adapting compensation, culture, and team-building strategies to attract and retain top talent in a fundamentally changed startup environment.
Startups can go from zero to viral overnight, but sustaining that momentum is a completely different challenge. In this fireside, Zach Yadegari shares how Cal AI navigated rapid growth, product pressure, and the realities of building in a distribution-driven market. Hear the lessons behind turning breakout attention into durable retention and long-term company building.
The High-Conviction Filter: What We Learned From the Battlefield
With Alexa von Tobel, Inspired Capital; and Chi-Hua Chien, Co-founder and Managing Partner, Goodwater Capital; more speakers to be announced
What separates the breakout companies from the rest at TechCrunch Disrupt 2026? In this candid debrief, Startup Battlefield judges unpack the trends and founder qualities that stood out in real time, from shifting investor expectations to the narratives that resonated most this year. The conversation will also explore how startup storytelling is evolving and what happens after the spotlight, including the realities of maintaining momentum and surviving the critical 12 months after a major launch, funding round, or Startup Battlefield appearance.
What makes an investor say yes? In this audience-led Q&A, the Startup Battlefield finals judges take your toughest questions on what separates a fundable startup from the rest: team, traction, market opportunity, pitch delivery, red flags, and more. Come ready to ask and get candid answers straight from the investors making the decisions.
Join the conversations and make the connections at Disrupt