09/08/2019
[8/8, 8:50 PM] OBITUSIN: *How big is Nigeria Telecoms industry*
Let's take a look at some statistics
๐Nigeria has been ranked 4th largest telecom market globally from sixth position last year
๐๐ปNigeria spent between #447.8 billions on airtime/data per month ๐ณ and average of
#14 billion+ daily as @ 2016 - NCC
๐NCC Projected that Nigeria will spend N7 Trillions on AIRTIME/DATA last year 2017
*๐๐ปPer Year Inflow investment in Nigeria Telecom Sector now hit #21.4 Trillions*๐ค
*๐๐ปEvery hour, about 4 million Nigerians recharges their phones. Whatttt?*๐ฑ๐ฑ
*Let me say it again: Every hour, about 4 million Nigerians recharges their phones. That means about
24hrs * 4 million phones recharges are done daily. Hmmm. *THIS IS PER SECONDS EARNING*
This leads to establish that,
๐๐ปTelecom industry is bigger than oil & gas industry
๐๐ปBANKS, JUMIA are focusing so much on VTU Telecom business than their core financial/E-commerce business, why? Because they are making huge BILLIONS of money doing it.
๐๐ปData/airtime have now become the world most valuable resources - economist.com
๐๐ปAn average Nigerian spend #2,000+ on airtime monthly but don't get paid anytime they recharge
Having establish this truth, its of no doubt that telecom is the largest market in the world,
*....You invest in it, you earn per second/minute.*
[8/9, 7:05 AM] OBITUSIN: ๐ผโ๐ชโ๐ฑโ๐จโ๐ดโ๐ฒโ๐ชโ
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