Telephone Subscribers In Nigeria Spent N2.14Trillion On Phone Calls Between 2011 And 2012

A financial performance benchmark in the telecoms industry is saying that, active telephone subscribers in the Nigeria must have spent a whopping sum of N2.14tn on voice calls and Short Message Service, among other basic services between January, 2011 and December, 2012.

This is based on an Average Revenue per User of N912 monthly accruing from telecoms subscribers to MTN, Globacom, Airtel, Etisalat, Visafone, Starcomms, and Multi-Links, among other operators in the country.

The ARPU is a financial performance benchmark in the telecoms industry that measures the average monthly or yearly revenue generated by Global System for Mobile communications, Code Division Multiple Access and the fixed telephone operators in a particular country. Nigeria currently has 113 million active subscribers.

In view of this, telephone service subscribers, who increased from the highest of 95,886,714 in December 2011 to 113,195,951 in December 2012, would have spent N2.14tn on mobile services, particularly voice calls between January 2011 and December 2012.

While a little over N1tn was spent on telephone services in 2011, subscribers spent 1.14tn on the services in 2012.

....and they still call us a poor nation?