Nigerian telecommunication consumers, along with others within the country, expended a total of N3.33 trillion on services like calls, data, SMS, and various telecom offerings during the year 2022, as indicated by the Nigerian Communications Commission (NCC).
This coincided with telecommunications companies raking in a total revenue of N3.33 trillion for the same period. The newly published ‘2022 Subscriber/Network Data Annual Report’ by the NCC revealed these statistics.
Nigeria’s Active Subscribers Soar to 222,571,568 in 2022 — NCC
Data from the Nigerian Communications Commission says that Nigerian telecom consumers expended $4bn on phone calls, data, SMS, and other related telephone services as at December 2022 resulting in over $4bn revenue generated by telcos in the same year. Over the course of the year, active subscribers also increased significantly from 195,463,898 subscriptions in 2021 to 222,571,568 active voice subscriptions by December 2022, marking a substantial 13.86% year-on-year growth.
This boost was attributed to various factors, including subscriber loyalty, promotional campaigns, seasonal trends, vigorous customer acquisition efforts, and competitive offerings from all network providers.
This surge in active subscriptions had a positive ripple effect on other important telecom metrics such as teledensity, Internet penetration, and broadband penetration, contributing to the overall expansion of the industry.
Data consumption experienced a remarkable surge during 2022, showing a remarkable 46.77% increase, with data usage reaching 518,381.78 terabytes by the end of the year.
The NCC emphasized that this growth in data consumption was evident in the comparison between December 2022 and December 2021 figures, where total data consumed by subscribers increased from 353,118.89 terabytes to 518,381.78 terabytes, highlighting a substantial 46.77% rise in data consumption over the specified period.