Increased consumption of data services and the continued rise in subscriber numbers are driving Nigeria’s information and communications technology sector growth, the World Bank has disclosed.
The total number of mobile telecom subscriptions rose by 13.89 per cent to 222.23 million in 2022 from the 195.13 million in 2021, according to the Nigerian Communications Commission. At the end of the first quarter of 2023, it had risen to 225.82 million mobile subscriptions.
While details about data usage for 2022 has not been released, data consumption has been on a steady rise in the country.According to the latest Ericsson Mobility Report , data consumption has been surging due to rising smartphone subscriptions and increasing average data volume per subscription, fueled primarily by increased viewing of video content.
According to the former Minister of Communications and Digital Economy, Isa Pantami, the ICT sector contributes thrice as much as the oil and gas sector to the country’s GDP.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fuel subsidy removal: Nigeria's inflation to hit 25 per cent in five months - World BankThe World Bank has projected that Nigeria's inflation would hit 25 per cent in the coming months due to the adverse effect of fuel subsidy removal. The
Read more »
Zenith Bank remains Nigeria’s number one bank by tier-1 capital for 14 straight years in the 2023 top 1000 World Banks RankingFor the fourteenth year in a row, the Bank has held its position as the number one Tier-1 bank in Nigeria, emerging as the 467th Bank globally with a Tier-1 Capital of $2.54 billion.
Read more »
Zenith Bank leads Nigerian lenders in new global rankingZenith Bank Plc has retained its ranking as the ‘Number One Bank in Nigeria by Tier-1 Capital’ in the 2023 top 1,000 world banks’ rankings published by The Banker Magazine.
Read more »
W’Bank projects 25% 2023 inflation in NigeriaThe World Bank has projected that inflation may hit 25 per cent in 2023 as a result of petrol subsidy removal.
Read more »
Expert tasks CBN on exploitative bank chargesMr Okechukwu Unegbu, a financial expert, has called on the Central Bank of Nigeria to check the multiplicity of service charges by Deposit Money Banks.
Read more »
Wema Bank To Reward Customers With N90m In PromoWema Bank Plc has launched of the 3rd season of its 5 for 5 promo which is aimed at recognising and rewarding customers across Nigeria for their unwavering
Read more »