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discuss telecommunications industry in nigeria versus global level
The Nigerian government’s stated policy of sourcing 30%-50% of telecommunications equipment (e.g. [ switches and telephone handsets) from domestic suppliers by the year 2005 indicates a need of substantial investment into development of the equipment manufacturing industry. Current foreign equipment suppliers may be required to establish assembly plants in the country as part of their continued supply to the market. With its domestic market of 127 million people and growing (the biggest in Africa), its prominent role as a trading hub in West Africa and beyond, and one of the poorest
telecommunication networks on the continent, Nigeria presents a country of potentially vast opportunities in the communications sector. The size of the local telecommunications market has been predicted to reach US$3.7 billion by 2005, with 30-35 million users. The majority of cash generated in that market will be derived from provision of telephone services – some US$500 million in the year 2001 and up to US$2.5 billion by 2005. Three quarters of this revenue will accrue to mobile service providers. The size of the telecommunications equipment market is currently valued at US$120 million a year. A particular area of likely future growth, and therefore significant investment potential, is the value-added network services (VANS) market, riding the wave of liberalisation. Initially, prices for services may continue to remain high as supply attempts to catch up with a demand generated by a couple of decades of stagnation. A key aspect of this market potential – one on which growth levels depend – is the future growth of the economy and concomitant rise in people’s disposable income ]
Expert answered|selymi|Points 7432|
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Asked 2/8/2012 10:50:59 AM
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