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Nigerian Telecom Market to Hit $11.43Bn by 2029

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Mordor Intelligence, market intelligence firm, has projected that the Nigerian telecom market value would reach $11.43 by 2029.

Nigerian Telecom Market to Hit $11.43Bn by 2029

In a report the firm, revealed that the market is expected to grow at a cumulative average growth rate (CAGR) of 4.70 per cent between 2024 and 2029.

Though the government’s various initiatives to improve the nation’s internet infrastructure and broadband connection have significantly transformed the Nigerian telecom market in recent years, Morodor noted that, various innovations by major telecom market vendors, growth in 5G deployments nationwide, and an increase in data consumption by individuals and businesses will drive the projected market value.

The analysis highlighted further elements driving the nation’s telecom sector’s expansion, adding that, “Increased smartphone adoption in Nigeria has fueled the development of a dynamic digital services sector. Currently, millions of Nigerians use mobile apps, including social networking sites, e-commerce, and financial services. These apps could leverage smartphones’ capabilities to offer speed, convenience, and efficiency, encouraging more people to invest in smartphones.

“In addition to these expansions and collaborations, the growing adoption of digital technologies and government support in aiding the same alongside the 5G technology implementation across the country is analysed to boost the demand for telecom towers significantly.”

According to Morodor, the rise in e-commerce and digital service platforms in Nigeria has also increased demand for dependable telecom services, adding that as more people turn to online platforms for payments, shopping, and other services, a robust telecom infrastructure is becoming increasingly necessary.

The report also said the Nigerian government’s announcement of the National Digital Economy Policy and Strategy (NDEPS 2020–2030) would increase demand for mobile telecom services in Nigeria since they can be used to offer end customers low-cost telecom services.

The report further observed that the launch of the National Digital Economy Policy and Strategy (NDEPS 2020-2030) by the Nigerian government would fuel the demand for mobile telecom services in Nigeria due to its application in providing low-cost telecom services to the end users.

“Additionally, in October 2022, The Nigerian Communication Commission stated that the country’s broadband subscriptions majorly depend on 3G and 4G networks contributing 44.5 per cent of the total broadband subscriptions in Nigeria, and the regulator has planned an objective to increase it to 70 per cent by 2025.

“Therefore, the demand for data and voice services in the consumer segments, the increase in the number of smartphones, and the country’s national digital economy policy are driving the adoption of mobile services in Nigeria, supported by the vendors’ partnerships and expansion to offer 4G and 5G based mobile telecom services in Nigeria during the forecast period,” it added.

 

 

 


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Glo Reduces International Call Rates

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Technology Company, Globacom, has announced significant reductions in its International Direct Dialing (IDD) rates, making international calls more affordable for its existing and new customers across Nigeria.

Effective August 10, the new rates began applying to over 15 popular international destinations, including United States which will has moved to ₦30 per minute, down from ₦35, United Kingdom is now N350 from ₦400, while India also moved down to ₦40 from N45.

The rates for China, Saudi Arabia and Cameroon however recorded major reduction moving to N75, N300 and ₦700 respectively.

The reduction was also extended to African countries including Benin Republic which goes for ₦650 per minute, Niger Republic ₦750, Ghana ₦500, and Togo ₦650. United Arab Emirates also moved from ₦450 to ₦325, Germany to ₦550, Côte d’Ivoire ₦700, Libya ₦700, while calls to Malawi is now N1,100 from ₦1,200.

Glo aims to provide more value for its customers through these revised rates, encouraging them to make Glo their preferred network for international calls. New IDD bundles will also be introduced, offering frequent international callers even more attractive deals.

Globacom, which remained optimistic that frequent international callers will benefit immensely from the reductions in IDD bundles, enjoined customers to take advantage of the new rates to stay connected with friends and business associates across the globe.

 


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Tinubu Strengthens Telecom Governance with NCC, USPF Board Appointments

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President Bola Tinubu has appointment members into the boards of the Nigerian Communications Commission and the Universal Service Provision Fund, both under the Ministry of Communications, Innovation and Digital Economy.

The Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed this in a statement on Tuesday.

According to the statement, Idris Olorunnimbe was named Chairman of the NCC board, while Dr Aminu Wada will continue as Executive Vice Chairman and Chief Executive Officer, a position he was appointed to in October 2023 and confirmed by the Senate the following month.

Onanuga said Olorunnimbe previously served on the Lagos State Employment Trust Fund Board, where he chaired the Stakeholder and Governance Committee.

Other NCC board members are Abraham Oshidami (Executive Commissioner, Technical Services), Rimini Makama (Executive Commissioner, Stakeholder Management), Hajia Maryam Bayi, Col Abdulwahab Lawal (retd.), Senator Lekan Mustafa, Chris Okorie, Princess Oforitsenere Emiko, and the board secretary.

The President also approved the board of the USPF, chaired by the Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, with Olorunnimbe as Vice Chairman.

Other members are Oshidami, Makama, Aliyu Edogi Aliyu (representative of FMCIDE), Joseph B. Faluyi (representative of the Federal Ministry of Finance), Auwal Mohammed (representative of FMBNP), Uzoma Dozie, Peter Bankole, Abayomi Anthony Okanlawon, Gafar Oluwasegun Quadri, and the USPF secretary.

See the statement below:

PRESIDENT TINUBU APPOINTS BOARD MEMBERS FOR NCC AND USPF

President Bola Ahmed Tinubu has constituted the boards of the Nigerian Communications Commission (NCC) and the Universal Service Provision Fund (USPF), both agencies under the supervision of the Ministry of Communications, Innovation and Digital Economy.

Idris Olorunnimbe was appointed Chairman of NCC, while Dr Aminu Waida remains its Executive Vice Chairman/Chief Executive Officer.

President Tinubu appointed Wada to the position in October 2023, and the Senate confirmed the appointment in November 2023.
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Mr. Olorunnimbe previously served on the Lagos State Employment Trust Fund (LSETF) Board, where he chaired the Stakeholder and Governance Committee and drove impactful youth employment and entrepreneurship programmes.

Other members of the board are:

1. Abraham Oshidami – Executive Commissioner, Technical Services

2. Rimini Makama – Executive Commissioner, Stakeholder Management

3. Hajia Maryam Bayi- Former Director, Human Capital & Administration

4. Col Abdulwahab Lawal (Rtd)

5. Senator Lekan Mustafa

6. Chris Okorie

7. Princess Oforitsenere Emiko

8. Secretary of the Board.

The President also approved the Board of the Universal Service Provision Fund (USPF), with Dr Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, as Chairman.

Other members are :

1. Idris Olorunimbe – Vice Chairman

2. Abraham Oshidami

3. Rimini Makama

4. Aliyu Edogi Aliyu – (Rep FMCIDE)

5. Joseph B Faluyi – (Rep. of Federal Ministry of Finance)

6. Auwal Mohammed – (Rep. of FMBNP)

7. Uzoma Dozie

8. Peter Bankole

9. Abayomi Anthony Okanlawon

10. Gafar Oluwasegun Quadri and the

11. USPF Secretary

The Federal Government established the Universal Service Provision Fund (USPF) to facilitate the achievement of national policy goals for universal access and service to information and communication technologies (ICTs) in rural, unserved and underserved areas in Nigeria.


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Anambra ICT Agency Champions Inclusive Tech-Driven Governance

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Anambra State ICT Agency has restated its commitment to creating a digitally inclusive environment where Persons with Disabilities (PWDs) can access and benefit from government services without barriers.

Speaking when the Anambra State Disability Rights Commission (ADRC), in partnership with the Rule of Law and Anti-Corruption (RoLAC) programme, paid an advocacy visit to his office, the Managing Director/CEO of the ICT Agency, Chukwuemeka Fred Agbata, underscored the Soludo administration’s determination to make governance work for all, including PWDs.

Mr. Agbata noted that intentional inclusion is a key part of the Governor’s technology-driven vision for the state which is why the commission recently received a wide range of digital tools to enhance their productivity.

“Technology is only truly impactful when it works for everyone, regardless of physical ability.

We are committed to removing digital barriers and making our platforms accessible to all residents of Anambra State,” he said.

CFA also disclosed that the Agency will take immediate steps to appoint a Disability Desk Officer, work with the commission to ensure that all government ICT platforms are designed to meet accessibility standards, and as well as incorporate PWD-friendly features into ongoing upgrades of the SolutionLens feedback platform.

The visit also featured presentations from ADRC’s Head of ICT, Mr. Bonaventure Umeokwonna, who outlined the Commission’s priorities, and RoLAC representatives, who pledged continued support for building capacity and strengthening the policy framework for inclusion.

Mr. Valentine Nwachukwu, Head of Planning, Research and Statistics at the Commission, gave the vote of thanks, commending the ICT Agency’s openness to collaboration.

The Anambra State ICT Agency continues to work closely with ministries, departments, and agencies to deepen digital transformation in the state, ensuring that no segment of society is left behind.


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