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Vice President Yemi Osinbajo has said the federal government is building broadband infrastructure in order to crash the cost of internet data to N390 per 1GB in the next three years.

A gigabyte of data currently costs between N1,000 and N1,200 in Nigeria’s telecom market, though the country still has cheaper data rates compared with other countries.

But speaking during the opening ceremony of 51st annual conference of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) in Abuja on Thursday vice president Osinbajo said by the time the government completed laying of broadband infrastructure across the country data prices would further crash.

Apart from crashing the data cost, the vice president who was represented by the Minister of State for Works and Housing, Engr. Abubakar Aliyu, also said the broadband infrastructure would also increase the internet speed 10megabyte download speed per second (10mps).