Nigeria ICT

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In recent years Nigeria has developed into a major market for ICT firms of all stripes. With a population of nearly 170m people – more than a third of whom subscribe to mobile internet services, according to the Nigerian Communications Commission – the country is the largest potential market for ICT products in Africa and one of the fastest-growing in the world. The...

Chapter | Telecoms & IT from The Report: Nigeria 2015

Over the past decade Nigeria has become the largest telecoms market in Africa and the Middle East, with more than 140m active telecoms subscribers in 2015, according to the Nigerian Communications Commission (NCC), the federal telecoms regulator. As is the case elsewhere in frontier and emerging markets, mobile subscribers accounted for over 99% of this total, with virtually all of that...

Fresh from a rebasing exercise in April 2014 that boosted 2013 GDP by 89% to $509.97bn, Nigeria now ranks not only as Africa’s most populous country, but also as its largest economy. It has long played an outsized regional role, making up 76% of West Africa’s GDP and around 60% of its population.

The completion of a recent spectrum auction in Nigeria represents a big step forward for the mobile broadband networks. However, given the challenges and costs of maintaining the infrastructure for high-speed access, there is increasing attention from both the public and private sector to reducing overheads and improving infrastructure efficiency.

With the largest population on the continent, half of which is below the age of 25, and English as the official language, Nigeria’s demographics are attractive for business process outsourcing (BPO) recruiters. Geographically, its time zone is closely aligned and well suited to servicing much of Europe, a major advantage over outsourcing...

The overwhelming success of the few large malls opened so far testifies to pent-up demand for modern, formal shopping in Nigeria. With 33% of Nigerians having regular internet access according to the World Bank, the potential for e-commerce is significant. Yet Lagos has only three malls of more than 20,000 sq metres compared to 74 in South Africa’s...

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