08, 2017 / 8:48AM / FBNQuest Research
The latest data
released by the NCC, the industry regulator, show that internet subscriptions
stood at 93.9 million in October, representing y/y growth of 0.8%. The figure
implies density of 51% in a population estimated at 185 million, placing
Nigeria well above the African average of around 16% as estimated by McKinsey.
In October there were 912,000 new internet subscriptions recorded, compared
with 816,000 the previous month.
consumption is steadily rising, and activity within the country’s digital space
has equally picked up. Consumers frequently opt for multiple SIMs connected to
separate packages so as to ensure uninterrupted internet data services. This
could be a reason for the increase in total internet subscriptions recorded in
MTN accounted for the largest share of total internet subscriptions, Airtel had
the fastest m/m growth, at 3.1% m/m. The increase for MTN was 1.4% m/m.
were subscription losses of 123,000 on 9mobile (formerly Etisalat) and 83,000
on Globacom. The former experienced liquidity issues and is now owned by its
lenders. According to some subscribers within the network, service has slipped
but remains relatively stable.
internet presence is heavily dependent upon mobile services, particularly in
the rural areas that have some exposure to the internet. According to the NCC,
mobile broadband penetration is currently 21.8%.
investments in telecommunications infrastructure are required to drive
broadband availability, accessibility and affordability in Nigeria. Typically,
the average cost of a monthly data package is N5, 000, which accounts for 28%
of the national minimum wage.