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Nigeria Spent N983.93bn On Phone Importation In Three Years – Report

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A report from the International Trade Centre, ITC, has revealed that Nigeria spent $2.35bn about N983.9bn on telephone importation in three years.

According to a data released by the centre, Nigeria spent $807.95m (N337,894, 060, 000) on the importation of phone sets in 2019, while the country spent $765.57m (N320,546,290,000) in 2020, and $772.25m (N323,332,150,000) in 2021.

ITC explained that the imported telephone sets included; smartphones, facsimile machines for line telephony, teleprinters, parts of telephone sets, and more.

The data further revealed that most of the phone sets coming into the country were from China. Others include, Hong Kong, Sweden, the United States, Netherlands, Vietnam, Mexico, and others.

The Nigerian Communication Commission, NCC, recently revealed that about 63 million technology devices were sold in Nigeria every year, quoting data from Original Equipment Manufacturers.

The commission revealed that there were about 132 million unique devices on the nation’s telecommunication network in 2020 with the average owner changing a device every six months.

According to Counterpoint Research’s Global Monthly Handset Sales Tracker, the annual smartphone sales in Nigeria grew by 81 per cent year-on-year in 2021.

The Nigerian phone market is dominated by foreign players such as iPhone,  Samsung, Tecno, Hauwei, and Itel.

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