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Telecommunications Report Nigeria

  • ID: 4392910
  • Report
  • July 2021
  • Region: Nigeria
  • 12 Pages
  • The Economist Intelligence Unit
Nigeria has one of the biggest telecommunications markets in Africa in terms of subscribers. Subscriptions in both the mobile and fixed broadband segments have grown markedly over the past decade. The coronavirus (Covid-19) pandemic led to a temporary slump in connections in 2020, but The Economist Intelligence Unit expects the growth momentum to continue in 2021.

The surge in demand for telecoms services in the wake of the pandemic is reflected in figures published by the National Bureau of Statistics. These indicate that the gross value added of the sector expanded by 15.9% in real terms in 2020 (compared with an average growth rate of 5.4% in the previous five years).

Although hydrocarbons make up 50% of revenue for this oil-exporting country, the telecoms sector has grown in importance as well. At the end of 2012 telecoms contributed just over 7% of GDP, which rose to 12.5% of GDP by end-2020.

Industry List: Connected devices, Telecommunications, Fixed, Telecommunications, Internet, Telecommunications, Mobile, Telecommunications, Telecommunications
Industry Codes (NAIC): 517
Industry Codes (SIC): 48
Note: Product cover images may vary from those shown
Telecommunications Report Nigeria

Telecommunications report: Overview

Telecommunications report: Mobile

Telecommunications report: Fixed

Telecommunications report: Internet

Telecommunications report: Connected devices
Note: Product cover images may vary from those shown