Nigeria’s Broadband Penetration Hits All-time High at 48.20% in January ‘23

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• Nigeria’s broadband subscriptions as at January 2023 are 92,011,259

Broadband penetration in Nigeria increased to 48.20 per cent in January 2023.

According to available statistics on the Nigerian Communications Commission (NCC) website, this shows a 0.84 increase (48.20%) compared to 47.36% recorded in December 2022.

Meanwhile, in TechEconomy’s February 03, 2023 edition it was reported that Nigeria’s President, Muhammadu Buhari, through his verified Twitter handle, claimed that with the deployment of Starlink in Nigeria, the West African country has achieved 100 percent broadband penetration (READ HERE

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However, the NCC’s statistics has put to rest arguments over the true state of broadband penetration in Nigeria.

This all-time broadband penetration, industry watchers said, has huge impact on the economy. They believe that increase in broadband connections will even help rave-up the cashless economy policy of the government.

According to The World Bank estimation, a 10 percentage point increase in broadband penetration can lead to a 1.2% jump in real per capita GDP growth in developed economies, and researchers at CESifo put this number between 0.9 and 1.5 percentage points for OECD countries.