The Co-Founder and Chief Operating Officer, Oxygen Broadband Networks, Nigeria’s first metro WiFi network, Mr. Wande Adalemo, is a young man who aspired to be a university graduate and get a job. But an event in 1998 changed the course of his life and he decided to pursue his dream of building an Internet company.
Today, he sits atop a N1bn broadband network company, which has just rolled out a WiFi network at the popular Computer Village in Lagos. He said his greatest challenge was funding, but the driving force had been the passion to ensure that all Nigerians have access to affordable Internet access through WiFi technology.
From the ground zero in 2005, dropping out of school along the line, Adalemo said he overcome the challenge and was able to attract investors, who believed in his dream and invested in the business. Adalemo said the company started with a $2m investment and as at today, had invested N1bn with a network infrastructure already in place and duly licensed by the Nigerian Communications Commission.
“As we speak, we are currently at the Computer Village in Lagos, where we have our pilot network. In the last two months since we started, we have had over 20,000 connections sitting on our network,” he said.
In view of this, he said the company had laid out an expansion plan, which would see it invest another N200m in rolling out services in six locations across Lagos State before the end of 2012.
Via Punch
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