Nigerians spent over N100 billion on browsing in 2020
The Nigerian telecommunication industry recorded significant growth in the year 2020, as Nigerians consumed a total of 205,880.4 terabytes worth of data in the year. This is according to the 2020 subscriber/network data report released by the Nigerian Communications Commission.
Using the average cost of 1GB of data at N487.18, as announced by the NCC in 2020, Nigerians spent at least N100.3 billion on internet data in the review year.
According to the report, data usage in 2020 increased from 123,648 terabytes recorded in 2019 to 205,880.4 terabytes, representing a 66.5% increase during the review period. The report also outlined that broadband penetration peaked at 45.93% within the year.
A cursory look at the report revealed that revenue generated by GSM operators increased by 12.33% from N2.02 trillion recorded in the previous year to N2.27 trillion in the review period, while internet service providers generated a sum of N68.96 billion in revenues, up 28.31% compared to N53.75 billion recorded in 2019.