MTN maintains subscription lead as teledensity jumps to 118%

Newest industry data from the industry regulator, the Nigerian Communications Commission (NCC), has put the nation’s teledensity at 118.51 percent.

Recall that teledensity is the number of active telephones per 100 people living within an area.

Also the new statistics showed that the ever leading telecom giant, MTN Nigeria maintained its lead as its mobile subscriptions grew to 91.95 million. Whereas Airtel grew to 60.56 million, indigenous giant, Globacom rose to 60.34 million leaving 9mobile at a distant 13.03 million.

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In January, broadband penetration in Nigeria grew to 48.20 percent, with the number of mobile Internet subscriptions at 155.68 million. The government has a 50 percent broadband penetration target for 2023. Also, the growth of the mobile industry has translated to economic gains for the country. In 2022, the industry contributed N10.13tn to the economy in real terms. Mobile technologies have contributed to the growth of digital inclusion and financial inclusion in the country.

Meanwhile in the report, the adoption of mobile technology continues to grow in Nigeria with the total number of mobile subscriptions hitting 225.88 million in January 2023.

This is 3.66 million more mobile subscriptions than the 222.23 million subscriptions that were recorded in December 2022. It also continues the sustained growth the mobile technology sector of Nigeria has been experiencing since the turn of 2022.