Nigeria spends $2.35bn on phone importation – Report

Nigeria spent $2.35bn on telephone importation in three years, according to data from the International Trade Centre.

The nation spent $807.95m on importation of phone sets in 2019, $765.57m in 2020 and $772.25m in 2021, the ITC, which is an international body that focuses on trade, said.

The body 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.

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.

In an earlier interview with The PUNCH, the Managing Partner, Bodds IT Solutions, Emmanuel Osho, had disclosed that Nigerians spent a lot on devices as the market grew larger every year.

He said, “An average person in their 20s and 30s has like two or three devices which include laptops, phones, and others. To be honest, the market could run into billions. The second-hand…

Read Full Article from


Leave a Reply

Your email address will not be published.

Bloomberg op-ed blames ‘election deniers’ for Biden’s low economic numbers

Lessons for Nigeria from Kenya 2022 general election