63 million tech devices sold in Nigeria every year – NCC report

Around 63 million tech devices are sold in Nigeria each year, according to data from original equipment manufacturers.

Estimates suggest that device owners change their devices every six to 18 months. This was disclosed in the National Communications Commission’s “Device Management System Deployment: Project Information Memorandum”.

The commission said: “OEM data suggests that around 63 million devices are sold each year in Nigeria. Estimates suggest that the average device owner switches devices every six to 18 months.

“The size and revenue of the mobile device market provides vast opportunities for the implementation of a DMS.”

In the document, he revealed that there were around 132 million unique devices on the country’s telecommunications network in 2020.

According to the NCC, the digital economy accounts for about 15.5% of global gross domestic product, growing two and a half times faster than global GDP over the past 15 years.

He added: “According to NCC industry data, the telecommunications sector is estimated to contribute between 11 and 14% per quarter to GDP.

“This figure has increased over the past few years, in line with increased competition, lower telecom industry tariffs and increased teledensity. Innovations in the market such as 5G, Internet of Things will only boost the penetration rate of telecom devices in Nigeria, which makes the DMS project a welcome development.

Commenting on the number, the Public Relations Officer of the Computer and Allied Dealers Association of Nigeria, Solagbade Olaifa, revealed that it was a good number. According to him, most of these devices are sold new.

He said: “Yes, most of these devices are sold as new devices. Lagos accounts for at least 70%. The rest comes from other regions.

According to him, around N5 billion worth of devices are sold in Computer Village, Ikeja, Lagos. When asked if it was a local production of devices, he added: “Yes, it’s good that we start producing, but only when we have the expertise.

“We don’t have the technology to produce now, but we can finance part of it, but we can’t produce as a whole because for each device, even there, there are different companies that produce each component, it is not just one company that produces every component of the devices, however, Nigeria can start somewhere.

Managing Partner, Bodds IT Solutions, Emmanuel Osho, added that the number of devices sold in the country could be higher. He added that the device market is growing every year.

He added: “The average person in their 20s and 30s owns about two or three devices, including laptops, phones and the like. To be honest, the market could be in the billions. The second-hand product is more important due to the low purchasing power of the market. Ideally, the majority of new device buyers are organizations.

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