Economic down turn hits mobile subscription as 4.95m bow out

The diminishing purchasing power is howling its toll on mobile subscribers with 4.95 million exiting the stage.

The country lost 4.95 million mobile subscriptions in the first five months of 2023. According to recent statistics from the Nigerian Communications Commission, the total number of number subscriptions fell from 225.88 million as of January 2023 to 220.93 million as of May 2023. This is the third consecutive month a fall in total mobile subscriptions has been recorded since it hit a record hit of 226.84 million in February 2023.

Latest statistics released by Nigerian Communications Commission (NCC) shows that MTN, which is the largest operator by subscriber number, pulled down the total industry database with a 3 million decline in its subscriptions.

This brought its total active subscriptions to 85.6 million from 88.6 million it recorded in April 2023.

The reduction in the telco’s active subscriptions is attributable to the abandonment of SIMs that have not been linked with the National Identification Number (NIN) as mandated by the government.

According to the data, active subscriptions for mobile services in Nigeria declined by 1 per cent to 220.9 million in May 2023. This came as the third consecutive month of loss for the mobile operators, having recorded a 1 per cent decline in subscriptions in April, and a 0.4 per cent decline in March.

As of April, active subscriptions across the networks of MTN, Glo, Airtel, and 9mobile stood at 223.3 million.

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