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Smart Phones Takes 37% Of Nigerians Monthly Income . 40% Nigerians Owns Smartphone.

By Ekenedilichukwu Sep18,2022
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According to latest report the average cost of a smartphone is about 37.46 per cent of an average monthly income in Nigeria.

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The report by Alliance for Affordable Internet disclosed that the average cost of a smartphone in Nigeria was N24,999.

According to the A4AI, 2.5 billion people globally still paid more than 30 per cent of their monthly income to purchase the cheapest smartphones available in their markets.

It noted that smartphones enabled digital participation but had been unaffordable for many worldwide, especially in low-and-middle-income countries.

The A4AI said, “At present, countries are not doing enough to better understand what can be done to improve smartphone affordability.”

The report was according to a presentation document by the Project Director, Broadband Implementation Steering Committee, Abubakar Maina, on the implementation status of the NNBP 2020–2025 to the National Digital Economy Council recently.

In the NNBP 2020–2025, the Federal Government targets at least one locally assembled smart device by 2023 with a target price of N18,000 and three locally assembled smart devices by 2025 with a price of N9,000 each.

Also Read: Nigeria Fintech Access: Only 35% Have Smartphones; Expert.

The government said that it would incentivise local manufacturers of devices to facilitate access to low-cost broadband devices.

However, in the document sent to our correspondent, it was noted that economic realities might hamper the government from meeting this target.

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