FiberOne Sets Sights on One Million Fibre Broadband Subscribers in Five Years
Nigerian internet provider FiberOne has announced a bold goal: reaching one million fibre broadband subscribers within the next five years. This target comes as demand for reliable internet keeps rising across Nigeria, even though operators face high costs building and maintaining networks throughout Africa’s most populous country.
The Lagos-based company currently serves more than 40,000 subscribers. Chief Executive Officer Lanre Ore shared this figure and said FiberOne plans to tap into growing demand for high-speed connectivity to expand its reach nationwide.
“Despite the challenges, there are significant gaps to be solved, a young and ambitious population, and enormous room for innovation,” Ore said in a LinkedIn post. He revealed that he made these comments during an interview with PENRESA for an upcoming TIME Africa special focused on Nigeria.
What Reaching One Million Fibre Broadband Subscribers Would Mean
FiberOne’s target represents more than 20-fold growth from its current customer base. Hitting this goal will require the company to substantially expand its fibre network, boost network capacity, and win customers in markets it hasn’t yet entered.
FiberOne has not shared how much capital it needs to reach one million subscribers. The company also hasn’t disclosed how much fibre cable it plans to lay or whether it will seek outside funding to support this expansion.
Nigeria’s Fibre Broadband Market Grows More Concentrated
This ambitious target comes at a time when Nigeria’s internet service provider market keeps consolidating around fewer players. Active ISP subscriptions across the country stood at 352,006 by the end of 2025, according to data from the Nigerian Communications Commission. Three providers — FiberOne, Starlink, and Spectranet — together account for almost 70% of that market. At the time, FiberOne had 44,413 subscribers.
The broader market has also felt pressure from rising bandwidth, energy, and right-of-way costs. Meanwhile, mobile operators and satellite providers have stepped up competition, giving households and businesses more alternatives to traditional fixed broadband.
FiberOne’s Expansion Plans Beyond Current Markets
FiberOne has already signalled plans to grow beyond its established territory. In 2025, Ore told The PUNCH that the company intended to bring its high-speed fibre services to 15 states. This expansion specifically targets underserved areas, aiming to capture growing demand for fixed connectivity in places that lack it.
Enterprise Demand Fuels Fibre Network Expansion
Ore also pointed to a shift in FiberOne’s enterprise infrastructure. He explained that the company’s systems are evolving to support businesses that need large amounts of bandwidth, including artificial intelligence firms and fintech startups.
“We discussed the growing demand for reliable broadband and how our enterprise infrastructure is evolving to support the next generation of high-bandwidth businesses, including AI and fintech startups that are building the future from Africa,” Ore said.
This shift could open up a growing stream of enterprise demand for fibre operators like FiberOne. Companies increasingly rely on cloud computing, digital payments, data-heavy applications, and artificial intelligence tools — all of which require strong, dependable connectivity.
Diversifying Beyond Residential Fibre Services
For FiberOne, growing its enterprise business could help diversify a company long associated mainly with residential fibre-to-the-home services. Nigeria remains Africa’s largest telecom market, yet it has a large population that isn’t evenly connected. This gap leaves plenty of room for fixed broadband providers to grow.
Ore said FiberOne views Nigeria’s young population and existing connectivity gaps as a real opportunity, even while acknowledging the operating challenges the company still faces.
