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Broadband Penetration Hits 48%

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CEM REPORT, TELECOMMUNICATION | Nigeria’s broadband subscription rose to 92.5 million in February 2023.

This implies that the nation’s National Broadband Plan (NBP 2020-2025) is steadily yielding results.

According to the latest data released by the Nigerian Communications Commission (NCC) telecommunications operators in the country recorded a total of 550,223 new broadband subscriptions marginally shooting the figure from 92 million in January 2023 to 92.5 million in the review month.

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While the FG target of 70% broadband penetration by 2025, the nation is already at 48.49% from 48.20% recorded in the preceding month.

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Also in the same month, total internet subscriptions in the country increased to 156.9 million.

Further analysis shows that 58.9% of the internet connections in the country as of February 2023 were on 4G and 5G.

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CONTINENTAL ECONOMY MAGAZINE is your news, report and analysis website with focus on the economy, business, market and industries. We provide you with the latest news, reports and incisive analysis about the economy and business developments from Nigeria, Africa and the Globe.

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