GSM in Nigeria- most impactful?

I had blogged earlier on how Britons voted Facebook as the best invention of the decade. I remember closing that post, asking what the equivalent will be for Nigerians. GSM?

Well, some recently released statistics show that this might just be true. A research undertaken by Pyramid Research in collaboration with the Nigerian Communications Commission (NCC), has revealed some interesting facts which I summarise below:

• Nigeria’s telecommunications sector currently accounts for about four per cent of the country’s total gross domestic product (GDP), with room for growth
• This is within the range of what is normally obtainable within the varieties of markets around the world. Apparently, The telecommunications industry can generate anywhere from two to seven per cent and in Nigeria, it is four per cent and it is well within the range that we see in places like Europe, Africa and elsewhere within the developing markets- (Gabriella Baez, Managing Director of Pyramid Research)
• “We are looking beyond the growth of infrastructure to what that infrastructure has done for the common man; how it has impacted lives, what are those socio-economic indices that were positively affected by the growth in the national network… So I think that most Nigerians accept the fact that telecoms has been a major source of empowerment to the ordinary man,” (Ernest Ndukwe, Executive Vice Chairman, NCC)

The impact of the telecom revolution on our society cannot be over-emphasised and its sure to get more interesting considering that the market hasn’t become saturated. I can’t lay my hands on the exact statistics, but I’m sure there’s still a lot of room for growth.

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