A report from the International Trade Centre (ITC) has disclosed that Nigeria spent $2.35bn (983, 933 730 000) on telephone importation in three years.
According to a data released by the centre, Nigeria spent $807.95m (N337,894, 060 000) on the importation of phone sets in 2019, while the country spent $765.57m (N320,546 290 000) in 2020 and $772.25m (N323,332,150, 000) 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.
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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.
According to Counterpoint Research’s Global Monthly Handset Sales Tracker, the annual smartphone sales in Nigeria grew by 81 per cent year-on-year in 2021.
The Nigerian phone market is dominated by foreign players such as Tecno, Samsung, and Itel.
While 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.(naijanews)
