Lagos leads as active telecom voice subscribers drop in Q1, 2024

Lagos, Nigeria’s commercial capital recorded the highest number of active voice subscribers of 25,956,074 in the first quarter of 2024 as active voice subscribers in Nigeria dropped to 219.3 million dropped, representing a 3.03 percent decrease compared to 226.16 million recorded in the same period in 2023.

This is contained in the latest Telecoms Data: Active Voice and Internet per State, Porting and Tariff Information (Q1 2024) released by the National Bureau of Statistics (NBS).

NBS said in state profile analysis, the highest number of active voice subscribers was recorded in Lagos state at 25,956,074, followed by Ogun with 12,672,990 and Kano with 11,931,128.

According to the data, Bayelsa recorded the least with 1,608,473, followed by Ebonyi and Ekiti with 1,885,657 and 1,969,568, respectively.

It said Lagos had the highest number of active internet subscribers with 18,841,943, followed by Ogun with 9,528,795 and Kano with 9,067,983.

The bureau said the least number of active internet subscribers was recorded in Bayelsa with 1,201,601, followed by Ebonyi with 1,401,626 and Ekiti with 1,545,729.

The report also shows that the number of active internet subscribers in Nigeria rose to 164,368,292 in the first quarter of 2024 from the 157,551,104 recorded in the first quarter of 2023.

NBS said this shows a year-on-year increase of 4.33 percent, while it grew by 0.32 percent on a quarter-on-quarter basis.

Meanwhile the telecom sector attracted a total of $191.5 million in Foreign Direct Investments (FDIs) in the first quarter 2024.

The first quarter 2024 figure surpassed the total FDI the sector recorded in 2023, which stood at $134.75, according to the NBS data.

Year on year, capital importation received by the sector in the first quarter of 2024 represents a 769 per cent increase compared with $22.05 million received in the first quarter of 2023.

Similarly, compared with the $22.84 million received in the preceding quarter, the fourth quarter of 2023, representing a 738 per cent growth in investments.

The increase in capital importation to the telecom sector may have come as a boost to the country’s ambition to connect at least 70 per cent of its population to broadband by 2025.

Amid the ongoing implementation of the Nigeria National Broadband Plan (NBP 2020-2025) for which the country is relying on more foreign investments, the sector has been recording a consistent decline in foreign investments.