Over the past decade Nigeria has become the largest and one of the most vibrant telecoms markets in Africa, due primarily to rapid growth in the mobile segment. As of July 2013 there were more than 114m telecoms subscriptions in the country, equal to a penetration rate of 82%, according to the Nigerian Communications Commission (NCC), the government...
Over the past decade Nigeria’s ICT industry has grown to become one of the largest and most dynamic in Africa. According to the Nigerian Communications Commission (NCC), which regulates the telecoms sector, at the end of the second quarter of 2012 total mobile internet subscribers topped 30.9m, accounting for the majority of the country’s 48.4m...
As technological advances drive up demand for wireless telecoms services, including television, satellite and mobile data, the growth of these services is constrained by the amount of radio frequency spectrum available. According to the GSM Association (GSMA), mobile internet accounts for 58% of all web traffic in Nigeria, well above the 10% global...
One key challenge to the development of a vibrant local IT sector in any emerging market is the difficulty small and medium-sized enterprises (SMEs) face in attracting capital, hiring staff and accessing research, and Nigeria is no different in this regard. As in most West African economies, interest rates for commercial loans are well into double...
Private sector consumption is widely considered the single largest growth driver in the development of ICT in sub-Saharan Africa. ICT uptake among multinationals and recently established local small and medium-sized enterprises (SMEs) alike has proceeded at a much faster rate than among federal, state and local government entities in recent years. “...
The creation of a sustainable, local ICT industry is a primary long-term objective of the Federal Ministry of Communication Technology (FMCT), which is working to boost Nigerian participation. Local private involvement is also on the rise, as firms work to tap into the rapid expansion of mobile data subscribers. Both the FMCT and the private sector...
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