*Meta to introduce a feature on Instagram for Nigerians to monetize their content from June
WorldStage Newsonline– Meta Platforms Incorporated, owner of Facebook, Instagram, WhatsApp apps among others has projected that its backed deep-sea cable project could yield up to $37 billion worth of increase in economic activity in the next two or three years across the African continent,
Sir Nick Clegg, former UK Deputy Prime Minister and Meta’s President of Global Affairs disclosed this in Abuja on Thursday when he led a delegation from the group to visit President Bola Tinubu.
Clegg thanked the President for an executive order he issued, which enabled the landing of the deep-sea cable in Nigeria.
He said, “It is an extraordinary infrastructure project. When it comes on stream in the first quarter of 2025, it will be twice as much as the capacity of all subsea cables that exist.
“We buried the cable 50 per cent deeper than any other subsea cables under the seabed.
Clegg also said, In June, Meta would introduce a feature on its Instagram app to allow Nigerian creators to monetize their content to enable them to earn a living using the app.
“We have a lot to do with Nigeria to deepen partnerships,” he added.
Dr ‘Bosun Tijani, Minister of Communications, Innovation and Digital Economy, said Meta platforms are critical platforms in Nigeria, adding that opportunities for partnership and engagement are essential to promoting development in the digital economy sector.
“We must continue to engage to create opportunities for our people so they can also share in global prosperity.
“Digital technology is an opportunity to connect Africa to contribute to the development of the world,” the Minister said.
