Home » Nigeria Spends $2.35bn On Phone Importation In Three Years – Report

Nigeria Spends $2.35bn On Phone Importation In Three Years – Report

by Yvonne ONUAH

A report from the International Trade Centre (ITC) has disclosed that Nigeria spent $2.35bn on telephone importation in three years.

According to a data released by the centre, Nigeria spent $807.95m on the importation of phone sets in 2019, while the country spent $765.57m in 2020 and $772.25m 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 ($1.71bn in the time under review). The nation also imports from other nations such as 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.

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

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.

Nigeria has the seventh-highest number of phones in the world, according to the World Population Review, its local phone manufacturing industry is non-existent, and attempts to kickstart it have at best failed to flatter.

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