Developing Non-Oil Sector of the Economy: Figures behind the facts! by Kelechi Deca

Developing Non-Oil Sector of the Economy: Figures behind the facts! by Kelechi Deca

I took time to delete issues bothering on father and daughter exchange of letters from my menu this morning while taking a glimpse at some of the figures jumping out at me from my table as I work on my week-end production, and I would say the likely impact of this is so huge. To clear my mind so I can focus on more important tasks ahead, let me share this with you.

Why we are dying because of petroleum, the telecommunications industry in Nigeria has risen from contributing zero growth to the economy in 2001 to about 8.5 per cent to the country’s Gross Domestic Product (GDP) as at 2012.

In 2013, non oil sector growth of this economy is about 86% and out of that 86%,telecoms contributed about 25%.

As at June 2013 there were 120 million active lines and teledensity of more than 85 per cent from 0.4 per cent in 2001. Telecoms industry investment by the end of this year is $25 billion.

The Ministry of Communications Technology has projected that 100 per cent of Nigeria’s over 160 million will have access to broadband by 2017. According to the government, 80 per cent will have access to mobile broadband and 20 per cent to fixed broadband by 2017.

Lets look at the numbers.

(1). 4,644: There are 4,644 access points to the internet all over Nigeria.

(2). 85.97%: This represents telephone subscribers teledensity as at June 2013.
(3).97.55%: This represents the market share of mobile GSM in Nigeria.

(4) 2.13%: As at June 2013 CDMA has a market share of 2.13% in Nigeria.

(5)0.32%: The fixed wireless lines has a market share of 0.32% in Nigeria.

Now the big ones.

Nigeria’s total internet data users as at June 2013 stood at 48,165,033.

Of the above number;

MTN has 24,592,736,033 and a market share of 47% with a subscriber base of 55,238,430 million.

Airtel has 21,591,904 with a market share of 19% as at June 2013.

Etisalat has 15,303,647 with a market share of 13% as at June 2013.

Globacom has 25,019,862 and has a market share of 21%.

But the good news is that this market is yet to peak, so those who missed out 12 years ago can still get a sizable chunk of the cake if they invest now. The coming of broadband will be the game changer for all.

By Kelechi Deca


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