Nigeria’s Mobile Technology Growth
Nigeria’s mobile technology sector is flourishing, with mobile subscriptions hitting 225.88 million in January 2023, marking a rise of 3.66 million from the previous month. The Nigerian Communications Commission data shows a teledensity of 118.51%, showcasing the broad adoption of mobile technology. Major players like MTN, Airtel, and 9mobile are experiencing noticeable growth (source).
The sector’s expansion has led to an impressive 48.20% broadband penetration, pushing towards the 2023 goal of 50%. The mobile industry’s economic contribution in 2022 was N10.13tn, bolstering digital and financial inclusion. Mobile transactions surged by 230% in January 2023, underscoring its pivotal role. Will mobile technology continue to shape Nigeria’s economic landscape? Join the conversation below!
