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Home Business News

Less than 20% of households in Nigeria own a computer- World bank

Aghogho Udi by Aghogho Udi
March 10, 2024
in Business News
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A new report by the World has revealed that computer ownership among households in Nigeria is less than 20%.

The report sheds light on the digital divide between low and high-income countries and its impact on the economy, business, and income.

The World Bank’s digital trend report for 2023 mirrored the digital divide across gender, age groups, income groups, and rural and urban populations.

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The report stated,

  • “In contrast, fewer than 20 per cent of households in the Kyrgyz Republic, Malawi, Mali, Mozambique, Myanmar, and Nigeria owned a computer. Computer ownership is higher in other lower-income countries, although it is heavily skewed toward urban households, as in Angola, Bhutan, or Niger.”

According to the report, the cost of broadband subscriptions across high and middle-income countries has been stable since 2020 but has risen significantly in low-income countries.

For example, in low-income countries, the median price of a fixed broadband plan was 50% higher than in high-income countries as of 2022.

Furthermore, the report alluded to the cost of smartphones as a barrier to bridging the digital divide across geographical populations and income groups.

Among the lowest income groups, the cheapest smartphones cost around 14% of their annual income for persons living under $2 per day. This results in 49% smartphone ownership in low-income countries compared to 95% in high-income countries.

Insights

Internet subscriptions in Nigeria rose by 5.81% to 163.8 million year-on-year between 2022 and 2023 according to the NBS report.

This indicates progress towards digital inclusion and connectivity in the country. Nigeria’s young population holds huge potential for opportunities in the digital space.

  • However, structural issues such as poor and inadequate infrastructure, and income of the populace act as barriers inhibiting this growth.
  • Last year, an investigation by Nairametrics revealed that the cost of laptops increased significantly as the country battled severe inflation across all sectors.
  • This serves to further widen the divide in not just computer but smartphone ownership across populations of diverse income levels.
  • Digital and electronic like smartphones and laptop devices are imported into Nigeria and with the devaluation of the naira in 2023, there have been significant cost increases which further render efforts at digital inclusion nearly fruitless.

Follow us for Breaking News and Market Intelligence.
Tags: Digital inclusionlaptop pricesWorld Bank
Aghogho Udi

Aghogho Udi

My name is Aghogho Udi, a writer, journalist, and researcher, deeply intrigued by the political economy of Nigeria and the broader African context. My focus lies in shedding light on the intricate connections between macroeconomics and politics, offering valuable insights that foster comprehension of Africa's prevailing economic landscape and the world in general.

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