A new report released by PwC has predicted that mobile internet subscribers in Nigeria would surge from 7.7 million in 2013 to 50.4 million in 2018.
“The Internet will be the key driver for Nigeria, where the number of mobile Internet subscribers is forecast to surge from 7.7 million in 2013 to 50.4 million in 2018,” PwC said in a statement.
PwC said Nigeria’s entertainment and media revenues will reach an estimated US$8.5bn in 2018, more than doubling from the 2013 figure of US$4.0bn at a CAGR of 16.1%.
“This represents one of the fastest growth rates in the world,” said PwC.
It also predicted that television in the form of advertising and subscriptions and licence fees, will also become a US$1 billion-plus market in 2018, while the market will grow steadily.
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