Telecommunication Business Information System and Investment Ecosystem in a Growing Economy: A Review of Telecom Investment in Nigeria
The findings of the research suggest that if the government does not regulate the citizens spending on telecommunication essential services, many Nigerians will be forced to spend out of pocket by 2030.
Abstract
The current research investigated the telecommunication subscriber data in 2020 from the system report of Nigeria Communication Commission (NCC), which revealed that Nigerian monthly subscriptions are progressively increasing per monthly spending, reaching a total of 186 million telecommunication subscribers in January 2020, while in February the number of subscribers hit 187.4 million and 189.3 million in March of the first quarter (Q1) of 2020. In the second quarter (Q2) of April 2020, the number of telecommunication subscribers hit 191 million, while in May 192.3 million subscribers are recorded and 196.4 million subscribers in June 2020. The research further established that Nigerians spend N320 billion in January 2020 on calls and data services and N323.2 billion by February ending. Five structured questions were put forward to guide the outcome of the research findings. The findings of the research suggest that if the government does not regulate the citizens spending on telecommunication essential services, many Nigerians will be forced to spend out of pocket by 2030.