Meetup Africa Roundtable Review: Nigeria Country Focus
A group of 14 experts met and shared their views on the past, present and future of the Nigerian tower market during the TowerXchange Meetup Africa in Johannesburg
By Frances Rose, Head of EMEA, TowerXchange: Nigeria is the most populous country in Africa with an economy valued at $500bn. BMI project that the economy will grow by 70% over the next few years driven mainly by the oil industry, but also with strong growth in FMCG and the Food and Beverage markets. The Nigerian mobile market is substantial with 110 million subscribers and an ARPU of around US$6.
The experts participating in the Nigeria roundtable discussion at the TowerXchange Africa Meetup 2014 believe that there is still a large amount of pent-up demand for telecoms services in Nigeria and that the market has not yet hit a peak.