Posts

Showing posts from 2014

Nigeria ends 2014 with 8% broadband penetration

Operators deploy 106,124km fiber optic cables in service expansion BARRING any unforeseen circumstances, by December 31, Nigeria should end the year with eight per cent broadband penetration, according to The Guardian checks.     Though, the eight per cent penetration is still a far cry from expected impact, going by the level of work done and available bandwidth in the country, estimated at about 11 terabytes, this means that Nigeria still have about 92 per cent gap to be filled.      Facts have however, emerged that to bridge the broadband gap in the country, Nigeria might in the next five years require a major investment to the tune of about $10 billion for the facility to become ubiquitous and affordable.    According to investigations, Nigeria, which had six per cent broadband penetration as at 2011, had some leap, especially after the introduction of the National Broadband Plan last year, which targeted fivefold increase and 30 per cent penetration by 2018.     

The emerging business that will turn you into a Millionaire Part 1

Yes I want to be just direct, no too much “turenchi”. Just say it. The latest research buy ITU says “Half the world will be online by 2017”. I am sure you don’t understand what that really means in terms of business opportunities. Let’s start it this way. If half of 170Million Nigerians will be online by 2017, then you will have a market square of 85 million people available for buying and selling. What are the opportunities? 1.        Sell of Cheap Smart phones Think of how to deliver the cheapest means to this market square of 85 million people in Nigeria alone to enable them go online. The best means will be their phones, tablets and all manner of portable devices. But for Nigeria, the killer will be the cost. The high end devices won’t drive the market. So look out for devices that will come below $50. These kinds of devices will be a must have for people between now and 2017. But you must reorient yourself from just selling boxes to combining the selling of

Mobile Network Operators to earn $576B in six years

MOBILE network operators including Nigeria’s four major GSM players, MTN, Globacom, Airtel and Etisalat are among global telecommunications service providers expected to earn about $576 billion as revenues  by 2020.   These revenues are expected to come from a broader ecosystem, including areas of applications, content and advertising, which is going to be a 16 per cent rise in their revenues.   The GSM Association, which disclosed this in a report titled: The Mobile Economy 2014, noted that the trans formative effect of mobile has been made possible by significant capital investment by the mobile operators over recent years, totaling over $1 trillion in the last six years.     It informed that the mobile sector contributed $336 billion to public funding as at 2013, excluding regulatory and spectrum fees and it is projected to hit $465 billion in another six years from now.    While the mobile sector hoped to have created about 15.4 million jobs by 2020, the report s

Nigeria ranks 87 in global household Internet penetration statistics

OUT of about 140 countries globally surveyed by the International Telecommunications Union (ITU) on household Internet penetration, Nigeria ranked 87 with 7.8 per cent penetration.     Korea Republic ranked number one globally with 98.1 per cent, followed by Qatar and Singapore in second and third position with 96.4 per cent and 86 per cent respectively.   African countries including Morrocco (29 and 46 per cent); South Africa (37 and 39.4 per cent); Egypt (44 and 34.5 per cent); Ghana (46 and 31.8 per cent); Tunisia (65 and 18.2 per cent); Namibia (68 and 16 per cent); Libya (69 and 15.9 per cent); Kenya (72 and 14.2 per cent);  Gabon (84 and 8.8 per cent) and Angola (86 and 7.8 per cent).     Nigeria, which ranked 87 with 7.8 per cent is however, ahead of countries including Indonesia; Gambia; Senegal and Mali among others.     ITU, which had already predicted that half of the world’s population will be online by 2017, noted that developing economies needed to do