Nigeria is one of Africa' s largest markets, with a population exceeding 150
million people. It has enjoyed a GDP growth rate averaging more than 6% per
year over the past eight years. The telecommunications market is fully
liberalized, with competition allowed in virtually all segments. And there is
a unified licensing regime in place, which allows operators to offer converged
services. The total number of fixed lines (including fixed wireless access)
was as paltry 1.4 million at the end of 2009. The failed sale of Nitel, the
state-owned fixed line operator, resulted in the loss of 90% of its
subscribers. The Nigerian government is once again looking for a private
sector partner to take control of the troubled Nitel. And while, overall,
fixed wireless access has grown, there is a great deal of volatility amongst
the fourteen licensed operators.
There are more than 70 million mobile subscribers in Nigeria and it has the
largest mobile subscriber base in Africa. With the mobile subscriber
penetration potential being more than 100%, there is ample room for growth in
the market. National backbone coverage is limited and, in keeping with the
government' s Vision 2020 initiative, there are plans underway to extend the
backbone, which will provide additional opportunities for investors. The
imminent lighting up of the MainOne and Glo-1 undersea cables is also likely
to yield a wide range of growth opportunities in making international
bandwidth more readily available.
The Nigerian government has established a number investment promotion
initiatives whereby it will provide funding support to investors that address
certain types of investments, most notably those aimed at providing broadband
access to specific stakeholder groups or communities. The government is also
actively promoting electronics manufacturing in Nigeria on the basis that
Nigerian ICT markets are big enough to support local manufacture. Nigeria
thus offers a wide range of investment opportunities in a rapidly growing
market.
Table of Contents
Table of Contents
Executive Summary
Introduction
Background
Objectives of the Study
Research Methodology
A Note on Forecasts
Currency
Acknowledgements
Investment Opportunities in the ICT Sector in Nigeria
Rationale for selecting Nigeria
Overview of the Nigerian Economy
Oil Dependence
Regionalism
Corruption
Vision 2020
Prospects for the Nigerian Economy
ICT' s in Nigeria
The Fixed Line Market
Undersea Cable
The Mobile Market
Internet
Challenges in Nigerian ICT Markets
Profiles of Key Players
Nitel
MTN Nigeria
Globacom Nigeria
Zain (formerly Celtel)
EMTS
MainOne Cable Company (Nigeria) Ltd
Visafone Communications Ltd
Starcomms Nigeria PLC
G-Cell Wireless Ltd (GiCell or G-Cell)
Helios Towers
NigComSat
IPNX
Regulatory Context and Prognosis
Overview of ICT Legislation
Licensing Framework
Investment Environment
Foreign Investment
Banking Sector
Private Equity
Investment Prospects
Historical Investment in the ICT Sector
Market Growth Prospects and Forecast
The Fixed Line/Fixed Wireless Access Market
Mobile Market Forecast
Internet Market Forecast
Government Investment Promotion Initiatives
Investment Opportunities in the Fixed Line Network and Backbone
Nigeria: Internet Subscriber Forecast (2000 - 2014)
List of Tables
Nigeria: Key Statistics
ICT Usage in Nigeria (2008 and 2009 estimates)
Nigeria: Mobile Market Share by Service Provider (September 2009)
Nigeria: Mobile Market Growth by Service Provider (Q1 to Q3 2009)
MTN Nigeria Financial Data
Zain Nigeria Financial Data
Starcomms Financial Data
Registered Financial Institutions in Nigeria
Investment Companies and Funds Active in Nigeria and Sub-Saharan Africa
ICT Investment Opportunities in Nigeria - 2010 published by Technology Surveys International Inc. in March 31, 2010. This report consists of 53 pages and the price starts from US $ 2450.
