Capital inflow by way of foreign direct investment (FDI) into the telecom sector over the last four years stood at $2,513,295,423 with that of last year being the lowest, it was gathered at the weekend.
According to stats from the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN), FDI into the telecoms industry in 2020 was approximately $417,481,615.30 against $942, 863,833.96 recorded in 2019
According to documents entitled: “Subscriber/Network Data Annual Report” by the Policy Competition and Economic Analysis Department of the NCC, this translated to a decline of 55.7per cent in capital importation year-on-year. The decline in capital imports was largely attributed by the operators to the outbreak of the COVID-19 pandemic that distorted global businesses and impacted businesses negatively.
In 2021, it was $753,044,446.35 against $417,481,615.30 as at 2020 while the following year, it was $399,905,531.38.
In terms of the sector’s contribution to the nation’s gross domestic product (GDP), it increased from 10.60 per cent in the fourth quarter (Q4) 2019 to 12.45 per cent in Q4 of 2020.
Telecoms industry contribution to the GDP increased from 12.45 per cent in Q4 2020 to 12.61per cent in Q4 of 2021. It increased from 12.61per cent in Q4 2021 to 13.55per cent in the Q4 of 2022.
In the analysis of Subscriber Voice Data & Teledensity (All Segments), as at last December, total active voice subscriptions for the entire market segments was 222,571,568 as against 195,463,898 recorded as at December of the previous year. This indicates an increase of 13.86 per cent in 2022.
Teledensity was 116.60 per cent in 2022 as against 102.40 per cent recorded in 2021, which indicates an increase of 13.86 per cent in Teledensity in last December.
The increase in operators’ subscriber base was attributed majorly to the effect of the directive from NCC in April 2021 to GSM operators lifting the ban on the sale and registration of new SIMs, SIM swaps and porting, following the conclusion of the Commissions nationwide audit of Subscriber Registration Database.
The objective of the audit was to verify and ensure compliance by Mobile Network Operators with the set quality standards and requirements of SIM Card Registration as issued by the Federal Ministry of Communications and Digital Economy and the Commission.
The document said in analysing the yearly active voice subscription for Mobile (GSM) segment, total active voice subscriptions increased from 195,128,265 subscriptions as at December 2021 to 222,225,300 subscriptions as at last December. This, it said, indicates a 13.88 per cent gain in GSM active voice Subscriptions year-on-year.
On the Market Share of Active Voice Subscriptions (Mobile GSM Segment 2022), NCC said the market share of mobile operators were analyzed through the breakdown of each operator‘s subscription; MTN; Glo; Airtel and Emerging Market Telecoms Services (EMTS) trading as 9mobile each recorded 89,016,678; 60,290,012; 60,065,904 and 12,852,706 Subscribers respectively.
In that order MTN; Glo; Airtel and 9mobile had 40.06per cent; 27.13per cent; 27.03per cent and 5.78per cent share of the mobile GSM market of the mobile GSM market segment.
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