Key Highlights:
- Data expenses in Nigeria exceed states’ quarterly IGRs by N42b
- Telecom companies record significant revenue from data services
- GSMA reports only 29% of Nigerians have regular mobile Internet access
- Rapid growth in data consumption linked to 4G and 5G adoption
Despite economic challenges, Nigerians continue to spend over N500 billion on data services in a span of three months, signaling a significant investment in connectivity. The telecom sector, driven by giants like MTN and Airtel, saw substantial revenue growth from data subscriptions, reflecting the nation’s digital transformation.
GSMA’s report highlights the need for an improved policy environment to boost Internet access, with only 29% of Nigerians having regular mobile data. The surge in data consumption is mainly attributed to the shift towards 4G and 5G technologies, offering faster speeds and enhanced user experiences.
As Nigeria embraces the digital age, the government and industry players must work together to address challenges like infrastructure deployment, tax burdens, and regulatory frameworks. With the right policies in place, Nigeria could potentially add 15 million new internet users by 2028, unlocking vast growth opportunities.
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