Nigeria Telecoms and Media Outlook: 2017–22

摘要

Introductionrn Nigeria's telecoms and media subscription count will rise from 172 million in 2017 torn220 million at end-2022. This equates to a CAGR of 4.2% and absolute growth of 35%.rnNigeria has been hit by economic recession over the past three years, leading to a slowdownrnin consumption with negative impact on the telecoms and media market. Recovery isrnunderway, but the market is still challenging for the market players. Ovum forecasts that thernfixed broadband segment will record the highest growth rate with subscriptions increasingrnfrom 1.7 million in 2017 to 3.2 million in 2022.rn Revenues will grow at a CAGR of 7.5%, compared with 1% globally and 3.9% acrossrnAfrica. Annual revenues will pass the $10bn mark in 2021. Despite a setback over the recentrnyears, Ovum forecasts stabilization and improved performances over the next five years,rndriven by the broadband and digital segments.rn Mobile data and fixed broadband record the highest growth rates. The services are set tornremain the largest growth generators over the next five years. Faster transition to 3G andrndigital services uptake are boosting the mobile data segment. Fixed broadband revenues arerngrowing on the back of fiber and LTE usage.