63 Million Technological Devices Sold In Nigeria Annually – NCC

Data released by Original Equipment Manufacturers shows that about 63 million technology devices are sold in Nigeria every year.

The data shows that Nigerians change their devices every six to 18 months.

The National Communications Commission disclosed this in the ‘deployment of a Device Management System: Project Information Memorandum.’

The commission wrote, “Data from OEMs suggests that approximately 63 million devices are sold each year in Nigeria. Estimates suggest that the average device owner changes devices every six to 18 months.

“The size and turnover of the mobile device market offer vast opportunities for the implementation of a DMS.”

It was revealed in the document that there were approximately 132 million unique devices on the nation’s telecommunication in 2020.

According to the NCC, the digital economy is about 15.5 per cent of global Gross Domestic Product, growing two and a half times faster than global GDP over the past 15 years.

The document states, “According to NCC industry data, the telecom sector is estimated to contribute between 11 – 14 per cent per quarter to the GDP.

“This figure has been rising in the last few years consistent with increasing competition, decreasing telecom sector tariffs, and increasing teledensity. Innovations in the market such as 5G, Internet-of-Things will only further the rate of penetration of telecom devices in Nigeria which makes the DMS project a welcome development.”