Friday, March 12, 2021 / 08:12 AM / by Dr
Segun Aina / Header Image Credit: Africa Fintech Network
Being Opening Remarks by Dr Segun Aina, Chairman of the Bullion
Lecture 2021 held on Thursday 11th March 2021.
penetration has gained some ground in Nigeria prior to the COVID-19 pandemic
with 33% penetration at the end of 2019 which according to available data grew
by 10% to about 43.3% by end of 2020.
- The COVID-19
pandemic and the attendant disruptions, restrictions and lockdown brought home
the need for deeper broadband penetration.
of uninterrupted, affordable internet connections and facilities is a big
enabler of financial inclusion as traditional brick and mortar in-person
financial services is giving way to digital banking and online delivery of
in-country distribution of fibre-optic infrastructure are a major setback to
deeper penetration into the interior and rural parts of the country.
- A financially
literate populace is one that can add value to the economy. According to
International Telecommunication Union (ITU) -GSR20 Discussion Paper of August
2020, it was revealed that in Africa, 10% of mobile broadband penetration led
to 2.46% in per capita Gross Domestic Product (GDP) with a world average being
Penetration Set to Improve
Voice Subscribers Grew by 4.59% in Q3 2020 - NBS
Rise in Internet Subscriptions; Stood At 151.5m in September 2020
People Using Mobile Internet At The End of 2019
Voice Subscription Grew By 2.48% in Q1 2020 - NBS
Rise in Internet Subscription; Stood At 138.3m in April 2020
Penetration: Ekiti State Crashes Right of Way Charges from N4,500 to N145 Per
in GSM Internet Subscription in February 2020
Voice Subscription Grew By 3.08% in Q4 2019 - NBS
Penetration in Need of a Leg-up; Internet Subscriptions Stood At 128.4m in