Communication is certainly one essential need of Nigerians that swallows a huge part of their money. See how much they spend making phone calls every month.
Investigations have revealed that out of the over 180 million Nigerians in the country, 146 million of them spend about N212 billion on calls every month.
The conclusions were arrived at using the current active mobile subscriptions in the country and the subsisting Average Revenue Per User (ARPU), the financial performance benchmark in the telecoms industry that measures the average monthly revenue generated by operators from telecoms subscribers, for Nigeria.
With the latest statistics released by the telecoms regulatory body, the Nigerian Communications Commission (NCC), showed that active telephone lines in the nation’s telecommunication industry stood at 146, 561. 744 by May 2015.
According to data released by industry leading operators, ARPU in Nigeria’s telecoms market is estimated at around $6 (N1, 452), given the foreign exchange rate at N242.