Business
Telecom: Nigeria Market May Stagnate In 3years Time
The Nigerian telecommunications market will begin to show signs of stagnation in the next three years. investigations reveal that the country’s burgeoning telecom sector, which emerged as the leading sector in Africa late last year, when it surpassed South Africa’s telecom market in subscribers base, may hit over 100 million subscribers between now and 2012.
Investigations further reveal that local telecom operators fast-paced growth in countries like Nigeria and Iran will soon face a situation similar to the South African market as they face dwindling growth prospects due to expected situation in the market.
An Analyst with Absa Investment, Chris Srilmour has said that telecom operators in Nigeria need to find a new area of growth, as they cannot rely indefinitely on Nigeria.
Ernest Ndukwe, executive vice chairman of the Nigerian communications commission, recently disclosed that the country’s telecom’s market is already showing signs of distress occasioned by operators’ bad marketing approaches and lack of innovation.