The estimate is based on the current average revenue per user (ARPU) benchmark of $8 (N1,593) and the current active subscriber base in the country.
According to the latest report from the Nigerian Communications Commission (NCC), the country’s telecoms market recorded 150 million active lines as at the end of September.
New Telegraph’s conservative analysis thus revealed that by multiplying the ARPU with the monthly subscriber base of 150 million, telecoms subscribers on different mobile networks in the country spend an estimated N238 billion.
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