Companies / Nigeria
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State Government Funds Rural Network Rollout
June 2007 | Project NewsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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It is not surprising that Nigeria has become one of the most attractive African telecoms markets for investors over the past five years. Mobile subscriber numbers grew by almost 75% during 2006 to 32mn, yet penetration remains below 25%. With almost 130mn inhabitants, Nigeria is by far the most populous state in West and Central Africa, and is estimated to account for around 20% of the total population of sub-Saharan Africa. This presents mobile operators with tremendous opportunities for growth. However, while parts of Nigeria's coast and cities such as Lagos and Port Harcourt are densely populated, more than 50%