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Home Opinions Market Views

Telecommunications: Broadband penetration set to grow 

CSL Stockbrokers by CSL Stockbrokers
January 13, 2020
in Market Views, Op-Eds, Research Analysis
FG set to award contracts for broadband projects across Nigeria
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Recently, the Nigerian Communications Commission (NCC) and a consortium of infrastructural companies disclosed they would raise N265 billion for the development of broadband infrastructures across the country in the next four years.

The Executive Vice Chairman of the NCC, Prof Umar Danbatta, further disclosed that the commission would raise N65 billion subject to the approval of the Federal Executive Council (FEC) as counterpart funding while the balance of N200 billion will be raised by the infrastructural companies. He also hinted that the Public-Private Partnership project was in line with the State Accelerated Broadband Initiative- an initiative designed to address infrastructural deficits in the telecommunications sector.

Internet World Stats, Nigerian Communications Commission remittance, Network operators in Nigeria, Telecoms companies in Nigeria, MTN Nigeria, Airtel Africa, Globacom data, 9mobile court case, Top 10 states in Nigeria with the highest Internet subscribers , Telecommunications: The bright spot in a fragile economy, Telcos add 5.64 million voice and data subscribers in Q3 2019 - NBS 

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We recall that the Federal Government set a 30% benchmark for broadband penetration in the National Broadband plan of 2013-2018 which was attained in November 2018; 30.9%. Since then, there has been a remarkable improvement as evidenced in the latest data released by the NCC which showed that Broadband penetration has risen to 37.7% as of November 2019 compared to 31.5% in December 2018.

Similarly, broadband subscription grew 20% to 71.9m subscriptions during the same period. We attribute the improvement to the aggressive expansion of broadband access by the major network players in the industry (particularly in states such as Lagos, Kano, Rivers, Oyo and FCT, Abuja) coupled with licenses granted to about six infrastructure companies to drive the development of infrastructure across the nation’s geographical zones.

Telecommunications: Broadband penetration set to grow 

With further investments expected in broadband infrastructure, we believe it bodes well for the industry players as they step up their efforts in moving the industry from a voice-centred to a data-centric model as widely adopted in developed countries.

[READ MORE: Nigeria’s fintech industry 2020: The growth frontier of the new decade)

The growing use of smartphones among the teeming population, improvement in mobile penetration, rising population density and urbanisation further suggests that there is significant upside potential for growth in broadband penetration in Nigeria.

________________________________________________________________________

CSL STOCKBROKERS LIMITED CSL Stockbrokers,

Member of the Nigerian Stock Exchange,

First City Plaza, 44 Marina,

PO Box 9117,

Lagos State,

NIGERIA.


Follow us for Breaking News and Market Intelligence.
Tags: Broadband penetrationNigerian Communications CommissionProf. Umar DanbattaTelecommunications in Nigeria
CSL Stockbrokers

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