![]() This is closely followed by Airtel with about 58 million subscribers (28.21%), Globacom has over 56 million (27.28%), and 9Mobile with 12.6 million subscribers (6.14%). As of July 2022, MTN dominates the GSM market with over 79 million subscribers (38.36%). Collectively, Nigeria has over 206 million mobile subscriptions. The four major mobile network operators in the country (Airtel, Globacom, MTN, and 9Mobile) continue to strengthen their market share. The NCC licensed Airtel a 5G spectrum on December 5, 2022. By December 2021, the Nigerian Communications Commission (NCC) had completed auctions for the 3.5GHz spectrum, awarding 5G operational licenses to MTN and MAFAB Communications. ![]() In September 2021, the Nigerian government approved 5G in Nigeria. The NCC estimates that the country has about 85 million broadband subscriptions (penetration of 44%) and 206 million lines in the voice segment (teledensity of 108%) as of June 2022. Nigeria is expected to account for over 55% of this. ![]() Sub-Saharan Africa is also projected to be the world’s fastest growing region with a compound annual growth rate (CAGR) of 4.6% and an additional subscriber enrollment of over 167 million in the next five years. Nigeria is regarded as Africa’s largest ICT market with about 82% of the continent’s telecoms subscribers and 29% of internet usage. The figure reflects a declining shift as foreign exchange disparity widened and most organizations returned to physical business operations. Data from the Nigerian Communications Commission (NCC) reported that the ICT sector contributed 9.88% to the total nominal GDP in Q4 of 2021, lower than the rate of 10.58 per cent recorded in the same quarter of 2020. The information and communications technology (ICT) sector in Nigeria continues to play a pivotal role in the nation’s recovery in the wake of an economic lull during the pandemic years. Economic Development Organizations (EDO).Foreign Direct Investment Attraction Events.Facing a Foreign Trade AD/CVD or Safeguard Investigation?.
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