Business
‘Internet Population Grows By 108.39% In Nigeria’

The population of Nigerians with access to fast Internet has grown by 108.39 per cent in four years.
Data obtained from the Nigerian Communications Commission (NCC) portal, Monday, has revealed that broadband penetration increased from 38.72 million (20.28 per cent) in March 2018 to 80.68 million (42.27 per cent) in March 2022.
According to the NBC data, and the ‘Nigerian National Broadband Plan (2020 – 2025),’ broadband commonly refers to high-speed Internet connection.
It added that broadband penetration is measured by the number of broadband subscribers per 100 inhabitants.
In the broadband plan document, President, Muhammadu Buhari , was quoted as saying, “I am told that every 10 per cent increase in broadband penetration results in about 2.6 per cent to 3.8 per cent growth in GDP.”
According to data from the NCC’s portal, the contribution of the telecoms industry to GDP increased from 9.19 per cent in Q1 2018 to 12.61 per cent in Q4 2021.
The broadband plan intends to effectively cover 90 per cent of the population and deliver 25 Mbps in urban areas, and 10 Mbps in rural areas.
“Rapid rollout of broadband services will address various socio-economic challenges faced by the country, including the need to grow its economy, create jobs, rapidly expand the tax base, and improve digital literacy and educational standards.
“This will also address identity management and security challenges through the effective use of technology, increase financial inclusion and deliver a broad range of services to its people to improve the quality of life and work towards attainment of Social Development Goals set by the UN for 2030”, it stated.
It further highlighted that 4G LTE network was needed to achieve the kind of download speeds Nigerians need.
When the broadband plan was released, much of the Internet service in the nation was on 2G and 4G, and that internet services in the country are currently provided on 2G, 3G, and increasingly 4G mobile networks.
Furthermore, it posited that though 4G coverage is available to 37 per cent of the population, download speeds in the country are noted to be generally uncompetitive with other countries in the same income bracket.
According to the plan, it costs $3.5 – $5bn to achieve its aim. Much of the growth in broadband penetration is being driven by telecommunication firms.
By: Corlins Walter
Business
NIMASA Marks 2025 Customer Week, Pledges Service Excellence

Business
SEME Customs Foils Smuggling Attempt Of Expired Flour, Seizes N2bn Contraband

Business
LASG UNVEILS GROUNDBREAKING OMI-EKO PROJECT AT FIVE COWRIES TERMINAL

-
News4 days ago
Germany, EU unveil initiative to tackle gas flaring in Nigeria
-
Sports3 days ago
Haaland On Fire As Norway Edges Close To W/Cup Ticket
-
Education3 days ago
Rivers State University Moves to Establish Directory for Retirees, honoured 74 workers
-
Oil & Energy4 days ago
Indigenous Operators Produce 30% Of National Crude Output ……. NUPRC ….As Commissioned Otakikpo Export Terminal Boasts 750,000 Barrels Storage Capacity
-
Business3 days ago
Transport Summit Set To Brainstorm On Nigeria’s Infrastructural Development, Oct 29
-
Rivers4 days ago
Tinubu Commissions First Nigeria’s Indigenous Crude Oil Terminal
-
News4 days ago
Fubara Tasks PR practitioners on Truth, Fairness
-
Sports3 days ago
Arsenal May Move To Wembley