- A recent study reveals that Nigeria’s Internet value chain is getting close to $5.8 trillion. There have been research, showing more than 25% of Africa’s population of 1 billion is engaged in mobile and Internet based transactions.
- Nigerians making for a large share of the total number. It is said that by 2018 the mobile betting market in South Africa, Kenya and Nigeria would reach whopping $37 billion.
- Africa’s mobile subscription rate is now over 70% and rapidly growing. The popularity of cheaper prepaid services, which in some markets account for up to 98% of all mobile subscribers. A steady fall in tariffs has meant that an increasing proportion of the population can both access and afford a mobile phone.