Sheriff Shittu

Potentials of The Nigerian Internet Market

Posted: 17, Mar 2009 by Possicon

If there is any reason why the best time to invest in the internet business and infrastructure is not now, well I think the data below show speak volume.

As a continuation to our research, below are some data for you to ponder upon. In this document we have data of Nigerian internet population, mobile population and the available markets in their respective industries. Given the fact that, majority (or all) the people who use these services (Internet & Mobile) are literate. Literate people as defined by CIA are those who can read and write from the ages of 15 years and above.

Shockingly, Egypt is ahead of Nigeria in Largest users online in Africa

Metric
Value

(’000)

%

Legends

Male

74,567

51.0

1

Cumulative Male from age 0
Female

71,688

49.0

2

Cumulative Female form age 0
Total

146,255

100.0

3

Total Population according to CIA
Literacy Rate

99,453

68.0

4

Literacy rate according to CIA
Illiteracy Rate

46,801

32.0

5

Illiteracy rate according to CIA
Net Users

10,000

6.8

6

Internet Users according to Internet Stats
Net Market

89,453

89.5

7

Market is calculated based on the Literacy Rate 2008,

percentage is against the total population

Mobile Users

62,988

43.1

8

Mobile Subscriber according to NCC 2008,

percentage is against the total population

Mobile Market

36,465

36.7

9

Mobile Market is calculated based on the Literacy Rate.

literacy

internet_usage

internet_market

mobile_market

From the graphs above, we can see how virgin the Internet market is, just 10% of the available market. The mobile market is saturated, only 37% yet to be claimed. Looking at the trends of the Internet/Web, mobile platform has become the driver for users.

In our part of the world, mobile usage is growing, platform that will enable WAP are not currently present on most phones hence an increase in that will help the growth.

As the growth unfolds, we urge everyone in the websphere to generate ideas on how to better serve the people.

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Do you see any growth? Do you have any idea/strategies to make it faster? Share below.

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