Incredible! Nigerians spend N602.6 Billion on Airtime in 5 months

Nigerians Have Spent N602.6 Billion On
Airtime In 5 Months

According to reports, Nigerian telecoms subscribers
have spent about N602.6 billion on airtime between
January and May
According to a New Telegraph » investigation, telecoms
subscribers in Nigeria have spent about N602.6 billion to
purchase airtime for their phones between January and
May.
The figure was arrived at using the subscriber data released
monthly by the telecoms industry regulator, Nigerian
Communications Commission (NCC) and the current
industry’s Average Revenue Per User (ARPU) provided by the
operators.
The report reads:
Two telecoms firms, MTN and Etisalat, put the current
average spending by subscribers monthly at $6 (N936).
Further investigation revealed that subscribers spent
estimated N191.5 billion in January with based on the
number of subscribers, which stood at 127 million and the
ARPU averaging N936.
With the same ARPU, subscribers’ spending moved to an
estimated N120.7 billion in February; N118.8 billion in
March; N121 billion in April and in May, the airtime
expenditure was conservatively estimated at N112.7 billion.
Subscribers’ expenditure thus adds up to estimated N602.6
billion for the five months, indicating the premium paid to
telecoms services by the consumers.
Official data show that MTN currently has about 57.2 million
telephone users on its network. Airtel Nigeria trailed with
25.5 million; Globacom is third with 23.4 million while
Etisalat has 18.5 million telephone users on its network.
The result is based on data released at the end of March.