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Nigeria currently has the highest smartphone penetration in Africa, even as it is projected to have 169 million users by 2025. According to the latest GSMA Mobile Economy report on sub-Sahara Africa, the country’s largely youth population continues to drive the growth in smartphone usage. Next to Nigeria in sub- Saharan Africa smartphone usage is South Africa, which is projected to have 89 million smartphone connections by 2025, followed by Kenya with 52 million. Led by Nigeria, GSMA said smartphone adoption in sub- Saharan Africa more than doubled between 2015 and 2020.
The body of GSM operators, however, noted that smartphones still only account for around half of total connections. “Smartphone affordability, particularly of 4G devices that enable a better user experience, is a major factor behind the relatively low smartphone adoption rate and, by extension, the mobile internet usage gap in sub-Saharan Africa,” it said. Going by current growth, GSMA projected that 64 per cent of all connections on the continent will be through smartphone by 2025… More details through: https://www.newtelegraphng.com/gsma-nigerias-smartphone-access-to-hit-169m/
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The Lagos State Infrastructure Maintenance and Regulatory Agency has said it is working towards ensuring that more telecommunication cables are installed underground, even as it aims to have facilities in place that will enable electricity and gas operators to follow suit.
The acting General Manager, LASIMRA, Mrs Bisoye Coker-Odusote, said the state’s Unified Duct Infrastructure Project would be completed before the end of this year, adding that it would improve Internet connectivity in the state. “The Sanwo-Olu-led administration is really focusing on its THEMES agenda, and the Smart City project is part of the agenda. The purpose of the smart city is to ensure that there is simple access and connectivity to the Internet with minimum or not interruption,” she said on Thursday at a press briefing ahead of the agency’s forthcoming stakeholders’ conference… More details through: https://punchng.com/lagos-plans-underground-electricity-communications-cables/ Some 1.5 million new subscribers were added to the country’s network in August, increasing the number of active subscriptions from 187.8 million in July to 189.3 million a month after.
August subscription statistics released by the Nigerian Communications Commission (NCC) showed that the new additions to the networks deepened the country’s teledensity by 0.79 per cent with penetration rising from 98.39 per cent in July to 99.18 per cent a month after. Teledensity is the number of telephone connections for every hundred individuals living within an area. It varies widely across the nations and also between urban and rural areas within a country. Telephone density has significant correlation with the per capita GDP of the area. It is also used as an indicator of the purchasing power of the middle class of the country or specific region… More details through: https://guardian.ng/business-services/1-5m-new-phone-users-spike-active-mobile-subscriptions-in-august/ Nigeria is expected to acquire new satellites in another four years for maximum coverage of the country. This is even as it has been revealed that through a platform invented by Nigeria Communication Satellite (NigComSat) Limited, the country saved over $19.5 million (N8 billion) in capital flights.
Though, still silent about cost and modalities the new satellite acquisitions will take, the Managing Director/Chief Executive Officer, NigComSat, Dr. Abimbola Alale, who disclosed this, stressed that Nigeria will acquire more satellites between now and 2025, “with the NigComSat-2 (High Throughput Satellite) due for launch in 2023, while NigComSat-3 will be launched in 2025.” Alale revealed this in Lagos, yesterday at the Stakeholders’ Forum 2021 with the theme: “NigComSat: The Present and the Future,” organized by NigComSat… More details through: https://guardian.ng/business-services/nigeria-to-acquire-new-satellites-saves-n8-billion-through-tech-platform/ The federal government had said that e-commerce spending in Nigeria is estimated at $13 billion annually.
The Permanent Secretary in the Federal Ministry of Industry, Trade and Investment, Dr Evelyn Ngige, said this in Abuja at the Second National E-commerce Roundtable Session in Nigeria. She said e-commerce is projected to rise to about $75 billion in revenue per annum by 2025. More details through: https://dailytrust.com/nigerians-spends-13bn-on-e-commerce-yearly-fg Nigeria’s telecommunications industry attracted $3.9bn in foreign portfolio and direct investments between 2015 and 2020, according to a new report by Agusto & Co.
The credit rating agency, in its 2021 Telecommunications Industry report, said, “Between 2015 and 2020, foreign investments (portfolio and direct) attributable to the telecommunications industry amounted to $3.9bn, an average of seven per cent of Nigeria’s total capital importation during the same period. “The industry has consistently remained one of the top five ranking economic sectors for foreign investments during the period… More details through: https://punchng.com/nigeria-attracted-3-9bn-telecoms-investments-in-five-years-report/ The telecommunications sub-sector bolstered the country’s Gross Domestic Products (GDP) by $9 billion (N3.7 trillion) in the second quarter of this year. This represented a 2.6 per cent decline when compared with the N3.8 trillion it contributed in the same period in 2020.
However, compared with Q1’21 when the sector’s contribution stood at N3 trillion, the Q2 figure was a 23.3 per cent growth. With this, the telecommunications sub-sector accounted for 9.4 per cent of the aggregate nominal GDP for the economy in Q2, which according to data released by the National Bureau of Statistics (NBS), stood at N39 trillion. The NBS data showed that the Information and Communications Technology sector, led by telecommunications, remained one of the major drivers of the economy… More details through: https://www.newtelegraphng.com/telecoms-contribution-to-gdp-hits-n3-7trn-in-q2/ Nigeria’s economy rose by 5 percent in the second quarter of 2021, the highest it has come in seven years, with the information and communication technology (ICT) sector contributing a major share and becoming the second-largest sector. This is according to the latest data on GDP by the National Bureau of Statistics (NBS)…
More details through: https://businessday.ng/technology/article/covid-pushes-nigerias-ict-sector-to-second-largest/ Data usage in Nigeria surged by 202.08 per cent in three years, according to data from the Nigerian Communications Commission.
According to the subscriber/network data reports of 2018, 2019, and 2020, data usage rose from 68,154.12 terabytes in 2018 to 125,149.86TB in 2019 and 205,880.4TB in 2020. The total national and local outgoing voice calls were 121,935,927,123.15 in 2018. The calls grew to 149,584,465,210 in 2019 to 150,825,830,687.40… More details through: https://punchng.com/telecoms-nigerias-data-usage-rises-by-202-in-three-years/ Nigeria’s leading telecommunications firm, MTN Nigeria Communications at the weekend said it would invest more than $1.46billion (N600billion) in network infrastructure expansion over the next three years to improve its services across the country.
Chairman of MTN Nigeria Communications, Dr Ernest Ndukwe, who disclosed this during the company’s 20th anniversary celebration on Sunday in Lagos said the company would continue to identify with Nigerians and the Federal Government development aspiration through its Corporate Social Responsiblity initiatives among other imperatives. MTN had launched out its services in Nigeria on August 8, 2001, and has sofar connected about 69 million people in various communities across the country since inception… More details through: https://www.sunnewsonline.com/mtn-to-invest-n600bn-on-network-expansion/ |
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