The number of mobile subscribers in the northern geo-political regions in Nigeria increased by 7.9 million new mobile subscribers in 2020. This is according to the latest Telecom data report, released by the National Bureau of Statistics.
The report revealed that the northern region made of 13 states recorded a 7.96 million new mobile subscribers in the year under review from 51.52 million recorded in 2019 to stand at 59.48 million in 2020. This represents a 15.5% increase in a year.
Generally, the number of mobile subscribers increased by 19.9 million subscribers from 184.7 million recorded in 2019 to 204.6 million in 2020. This increase can be attributed to the increased usage of mobile gadgets and the internet in 2020 due to the covid-19 induced lockdown which necessitated a work from home policy by most organisations.
Also, most businesses were forced to shut down during this period, including transportation, leaving mobile phone usage as a coping mechanism and the only means to reach out to relatives and friends.
Subscriber base by Geo-political regions
The South-West region of the country, consisting of 6 states accounts for 28.5% of the mobile subscribers in Nigeria, with 58.37 million subscribers as at Q4 2020. The number of subscribers in the region increased by 3.62 million in 2020, indicating an increase of 6.11% in a year.
- Lagos State tops the list in this region with a total of 24.88 million subscribers as at Q4 2020, while it recorded an of 1.33 million subscribers in the year 2020.
- Ogun State follows with a total mobile subscriber base of 12.01 million, while Oyo State total mobile subscribers as at Q4 2020 stood at 10.45 million.
- Others include; Osun (4.67 million), Ondo (4.49 million), and Ekiti State with 1.86 million subscribers.
The 8 states in the North-west region of the country accounted for 20.8% of the total mobile subscriber base in Nigeria with 42.53 million subscribers. This represents an increase of 16.9% from 36.39 million recorded as of Q4 2019 to 42.53 million subscribers as of Q4 2020.
- Kano State increased its mobile subscriber base from 10.99 million recorded as of Q4 2019 to 12.67 million mobile subscribers at the end of the year.
- Kaduna State follows with a total subscriber base of 8.71 million subscribers, growing its numbers by 582,640 from 8.12 million recorded in the reference period.
- The number of mobile subscribers in Katsina State stood at 5.69 million as of Q4 2020. An increase of 945,390 new subscribers from 4.75 million subscribers recorded as of Q4 2019.
- Others include; Sokoto (3.93 million), Zamfara (3.03 million), Yobe (2.99 million), Kebbi (2.94 million), and Jigawa (2.56 million).
The North Central region, also known as the middle belt area, which houses the Federal Capital Territory added 6.58 million new mobile subscribers in 2020 to stand at 37.07 million subscribers as at Q4 2020. The region accounts for 18.1% of the total subscribers in the country.
- The Federal Capital territory tops the list with a total subscriber base of 9.01 million, a 3.3 million increase compared to 5.7 million recorded in 2019.
- Niger State followed with a total of 6.53 million subscribers compared to 6.22 million recorded in the previous period.
- Benue State, as at Q4 2020 boasts of a total subscriber base of 5.03 million, an increase of 1.69 million compared to 3.34 million recorded as of Q4 2019.
- Others on the list include; Kwara (4.54 million), Nassarawa (4.13 million), Plateau (3.93 million), and Kogi State (3.91 million).
The south-south geo-political region of Nigeria with 6 states accounted for 14.5% of the total mobile subscribers in the country. As of Q4 2020, the total mobile subscribers in the south-south region stood at 29.6 million, an increase of 15.2% from 25.7 million recorded as of Q4 2019.
- Rivers tops the list in the region with total mobile subscribers of 7.46 million as of Q4 2020. It recorded an increase of 512,482 in the year 2020.
- Edo State followed closely with 7.1 million subscribers and Delta State with 6.91 million subscribers.
- Others include; Akwa Ibom (3.91 million), Cross River (2.8 million), Bayelsa (1.46 million).
The region accounted for 9.8% of the total mobile subscribers in the country with a total subscriber base of 20.1 million, representing an 8.7% decrease compared to 21.98 million recorded in 2019.
- Anambra State increased its number of mobile subscribers by 1.12 million to stand at 5.79 million as of Q4 2020.
- Imo State followed with a total mobile subscriber of 4.53 million, Enugu State however recorded a decline of 1.29 million to stand at 4.16 million.
- Abia State (3.77 million) and Ebonyi (1.82 million).
With a total mobile subscriber base of 16.96 million, the region accounted for 8.3% of the total subscribers in the country.
- Bauchi State tops the list with a total subscriber base of 4.02 million, followed by Borno with 3.96 million subscribers.
- Others include; Adamawa State (3.54 million), Taraba (2.73 million), and Gombe (2.71 million).
What this means
The increase in the number of mobile subscribers in Nigeria in 2020 is a reflection of the impact of the covid-19 lockdown on the Nigerian telecommunication sector. During the lockdown, most Nigerians were forced to work from home, increasing the need to reach out to colleagues and family through phone calls, hence increasing mobile subscriber usage in the country.
Nigerian states generate N1.31 trillion IGR in 2020 as Lagos dwarfs others
The 36 states and the Federal Capital, generated a sum of N1.31 trillion as Internally generated revenue (IGR) in 2020
The 36 states and the Federal Capital Territory generated a sum of N1.31 trillion as Internally generated revenue (IGR) in 2020. This was contained in the state IGR report, which was recently released by the National Bureau of Statistics (NBS).
According to the report, the states’ IGR declined by 1.93% from N1.33 trillion, recorded in the previous year to N1.31 trillion in 2020. It however increased by 11.7% compared to N1.69 trillion recorded in 2018.
The decline may be due to the effects of the covid-19 pandemic on the various states of the federation, as they were forced to implement lockdown protocols to curb the spread of the disease in the country.
- States generated N1.09 trillion from taxes in the year 2020, accounting for 83.3% of the total IGR received in the year.
- Tax revenue also declined, when compared to N1.11 trillion collected in the previous year. This represents a 2.25% decline year-on-year.
- Lagos State recorded the highest Internally Generated Revenue of N418.99 billion, accounting for 32.1% of the total and closely followed by Rivers State with N117.19 billion.
- Others with the highest IGR in 2020 include Abuja (N92.06 billion), Delta (N59.73 billion), and Kaduna (N50.75 billion).
- Kebbi State recorded the highest year-on-year growth of 87.02%, closely followed by Ebonyi at 87.3%. Oyo State grew its IGR by 42.23%, Borno (41.63%), while Katsina grew by 34.16%.
- On the flip side, Benue State recorded the highest year-on-year decline of 41.38%, followed by Sokoto State, which dipped by 37.93%, Kwara (36.03%), Jigawa (32.95%), and Ogun State (N28.44%).
A cursory look at the data shows that the States recorded the highest quarterly IGR in the first quarter of the year, before the covid-induced lockdown in March 2020. It however dipped significantly by 25.53% to stand at N269.88 billion in Q2 2020.
States generated a sum of N338.57 billion in Q3 2020 and then recorded a marginal decline in Q4 2020 to stand at N335.25 billion.
Lagos dwarfed others
Lagos State recorded the highest internally generated revenue in 2020, having made N418.99 billion, accounting for 32.08% of the total states’ IGR recorded in the period under review.
- It is no surprise that Lagos State makes this much revenue as it is regarded as the commercial hub of Nigeria.
- According to the data from NBS, Rivers State is a distant second on the list with N117.19 billion as IGR, representing 8.97% of the total, while the Federal Capital Territory, Abuja followed closely with N92.06 billion, representing 7.05% of the total recorded in the year.
- Others on the list include Delta State (N59.73 billion), Kaduna State (N50.77 billion), Ogun (N50.75 billion), and Oyo State with N38.04 billion.
Kebbi, Ebonyi boosted revenue by over 80%
Kebbi State and Ebonyi State grew their internally generated revenue by over 80%, with Kebbi recording 87.02% growth in IGR to stand top on the list of states with the highest growth rate; followed closely by Ebonyi State with 82.3% growth in IGR to stand at N13.59 billion.
- Oyo State grew its IGR by 42.23%, Borno (41.63%), Katsina (34.16%), and Gombe (25.5%).
- Meanwhile, 18 out of the 37 states of the federation recorded a decline in IGR in 2020, a list led by Benue State, having dipped its annual IGR by 41.38%, followed by Sokoto with 37.93%, Kwara (36.03%), Jigawa (32.95%), and Ogun State with a decline of 25.44%.
What this means
- The decline in states’ internal revenue was caused by the pandemic which struck earlier in 2020, disrupting economic activities in the country.
- Nigeria recorded a recession in the third quarter of 2020, after a consecutive economic contraction, recorded in Q2 and Q3 2020.
- It, however, recovered from the recession in the fourth quarter. It is therefore hoped that as economic activities resume fully in the country, the states will be able to boost their revenue in the short-to-medium term.
Nigeria’s inflation rate surges to 18.17% in March 2021
Nigeria’s inflation rate for the month of March 2020, rose to 18.17% from 17.33% recorded in February 2021.
Nigeria’s inflation rate for the month of March 2020, rose to 18.17% from 17.33% recorded in February 2021. This represents 0.82% points higher than the February figures.
This is according to the Consumer Price Index report, recently released by the National Bureau of Statistics (NBS).
On a month-on-month basis, the Headline index increased by 1.56% in March 2021, this is 0.02% points higher than the rate recorded in February 2021 (1.54 percent).
Food inflation, a closely watched index spiked to 22.95% from 21.79% recorded in the previous month.
- On a month-on-month basis, the food sub-index increased by 1.9% in March 2021, up by 0.01% points from 1.89% recorded in February 2021.
- The rise in the food index was caused by increases in prices of Bread and cereals, Potatoes, yam, and other tubers, Meat, Vegetables, Fish, Oils and fats, and fruits.
- Also, the average annual rate of change of the Food sub-index for the twelve-month period ending March 2021 over the previous twelve-month average was 17.93%, representing 0.68% points from the average annual rate of change recorded in February 2021 (17.25%).
The ”All items less farm produce” or Core inflation, which excludes the prices of volatile agricultural produce rose to 12.67% in March 2021, up by 0.29% when compared with 12.38% recorded in February 2021.
- On a month-on-month basis, the core sub-index increased by 1.06% in March 2021. This was down by 0.15% when compared with 1.21% recorded in February 2021.
- The average 12-month annual rate of change of the index was 10.01% for the twelve-month period ending March 2021; this is 0.76 percent points lower than 10.77% recorded in February 2021.
- The highest increases were recorded in prices of Passenger transport by air, Medical services,
Miscellaneous services relating to the dwelling, Passenger transport by road, Hospital services, Passenger transport by road.
- Others include; Pharmaceutical products, Paramedical services, Vehicle spare parts, Dental services, Motor cars, Maintenance and repair of personal transport equipment, and Hairdressing salons and personal grooming establishment.
Meanwhile, the urban inflation rate rose to 18.76% (year-on-year) in March 2021 from 17.92%
recorded in February 2021, while the rural inflation rate jumped to 17.6% in March 2021 from 16.77% in February 2021.
State inflation rate
- In March 2021, all items inflation on year on year basis was highest in Kogi (24.51%), Bauchi (22.24%), and Sokoto (20.70%), while Imo (16.08%), Kwara (15.34%), and Cross River (14.45%) recorded the slowest rise in headline Year on Year inflation.
- In terms of food inflation, on a year on year basis was highest in Kogi (29.71%), Sokoto (27.02%), and Ebonyi (26.59%), while Abuja (20.10%), Kebbi (19.98%), and Bauchi (18.61%) recorded the slowest rise .in year on year inflation.
What this means
- The galloping nature of Nigeria’s inflation is an indication of the dwindling purchasing power of Nigerians.
- This implies that Nigerians spent more on purchasing goods and services in the month of March, compared to February.
- The last time Nigeria recorded an inflation rate higher than 18.17%, was in January 2017 when headline inflation stood at 18.72%.
Nairametrics | Company Earnings
Access our Live Feed portal for the latest company earnings as they drop.
- 2020 FY Results: Guinea Insurance Plc reports a loss of N227.7 million.
- 2020 FY Results: Unity Bank Plc posts profit after tax of N2.09 billion.
- Guinea Insurance Plc reports a loss of N142.13 million in 9M 2020.
- Unilever Nigeria Plc set to hold Annual General Meeting on 6th of May.
- UBA Plc posts profit after tax of N38.16 billion in Q1 2021.