More than 35 million subscribers in MTN Nigeria network have submitted their National Identification Numbers for SIM card integration, TechEconomy.ng can report.
This represents approximately 50% of MTN subscriber base and 63% of service revenue, as contained in the MTN Nigeria’s unaudited results for the quarter ended 31 March 2021.
TechEconomy.ng had reported that Nigeria’s NIN database exceeded fifty-one million (51 million) records as at April 2, 2021.
MTN said they are actively supporting the Government’s NIN enrolment programme, with 182 points of enrolment active across the country.
The network disclosed they are working with the National Identity Management Commission (NIMC) to increase the enrolment centres to provide an access point for as many Nigerian as possible.
Commenting on the developments, MTN Nigeria CEO, Karl Toriola said “Thus far, more than 35 million subscribers have submitted their NINs as at 30 April 2021, representing approximately 50% of our subscriber base and 63% of service revenue.
“We are also actively supporting the Government’s NIN enrolment programme, with 182 points of enrolment active across the country. We are working with NIMC to increase the enrolment centres to provide an access point for as many Nigerian as possible.
“Impacted by the reduction in the overall subscriber base in Q1, active data subscribers declined marginally by 71,000 to 32.5 million. However, we recorded an 86.7% increase in data traffic and a 48.5% increase in usage (MB per user) from the existing base.
“The improvement in data services was supported by the completion of our acquisition and activation of an additional 800MHz spectrum, enabling us to further increase traffic by 10% and enhance throughput by 79%.
“Digital revenue grew by 101.0% and fintech revenue by 28.5% as customers continued to adopt more digital products and services, a trend accelerated by the pandemic. As at the end of March 2021, we had 449,100 registered MoMo agents and 4.6 million fintech customers.
“Our ability to drive service revenue growth while managing the growth in expenses resulted in an acceleration in EBITDA growth to 19.1% and EBITDA margin expansion of 0.9pp to 53.1% YoY. This enabled profit before tax (PBT) and profit after tax (PAT) growth of 33.9% and 42.5% respectively,” he said.
Federal Government of Nigeria has approved the activation of new SIM Card with mandatory NIN in line with the revised National Digital Identity Policy for SIM Card registration.
However, industry watchers that the commencement of SIM sales and activations may witness slower space than usual due to the new process requirements, system limitations and reduction of qualified locations for SIM registration.