Nigeria’s Telecommunications subscribers rose exponentially last year indicating an industry with potential Growth.
According to the Nigeria’s Bureau of Statistics, NBS report, the total number of internet subscribers increased by 7.87 million (5.48%) in Q3 2020.
Nigeria telecommunication providers increased their internet subscriber base by 7.88 million in the third quarter of 2020 (Q3 2020), according to the latest telecoms report released by the National Bureau of Statistics (NBS).
The total number of internet subscribers increased by 7.87 million (5.48%) in Q3 2020 from 143.6 million recorded in the previous quarter to 151.5 million subscribers.
Also, it increased by 28.3 million (23%) as against 123 million recorded in the corresponding period of 2019 (Q3 2019).
Highlight of the report showed that in Q3 2020, MTN held the highest internet market share with 42 per cent while the total number of active internet subscribers for MTN was put at 64.35 million.
Airtel came second with a market share of 27 per cent or 40.31 million subscribers followed by Globacom closely with a market share of 26 per cent or 39.13 million while 9mobile recorded a market share of 5 per cent or 7.3 million.
The four major networks recorded positive growths in the number of active internet subscribers when compared to Q2 2020. However, 9mobile lost some internet subscribers when compared to Q3 2019.
Specifically, 9mobile lost 1.19 million internet subscribers between Q3 2019 and Q3 2020.
In terms of voice subscriptions, telcos in Nigeria increased their customer base by over 9 million in Q3 2020 compared to the previous quarter, while 26.1 million additional subscribers joined year-on-year.
The Report shows that MTN Nigeria controls a market share of 40 per cent as at Q3 2020, followed by Airtel with 26.9 per cent Glo (26.4%), 9mobile (6.2%), and others with a market share of 0.2 per cent.
Airtel grew its customer base by 5.3 per cent (QoQ), followed by 9mobile, which increased by 5.1 per cent in the same period.
MTN increased its customer base by 4.9 per cent while Glo increased its customers by 3.2 per cent.
The increase in the number of active internet subscribers across telco providers were largely attributed to the increased usage of the internet by Nigerians due to the COVID induced lockdown, implemented by the federal government as a measure to curb the spread of the pandemic.
During the lockdown, Nigerians were forced to work remotely, which necessitated the use of the internet as a means of communication in most corporate organisations.
Nigerians also made use of internet video calls to communicate with their family members both home and abroad.
The lockdown also saw the increased adoption of tech-related services in Nigeria, with a number of Edtech, Healthtech, Fintech, etc.