Saturday, December 5, 2009

An Opportunity in the Nigerian Telecommunications Market

The Nigerian telecommunications market is the fastest growing telecommunications market in Africa and eighth in the world. It's on the verge of further growth.

Statistics from the Information Economic Report (2007-2008), compiled by the United Nations Conference on Trade and Development (UNCTAD) show that Nigeria has a 125% average annual growth rate in the number of subscribers for mobile and fixed lines. Subscription figures climbed to 45.7 million in the first quarter of 2008. This qualified Nigeria as the biggest market in Africa, overtaking South Africa.

Statistics from the International Telecommunications Union (ITU) show that the number of mobile subscriptions in Africa increased from 15.6 million to 189.4 million, between the year 2000 and 2006. The Nigerian telecommunications market has contributed immensely to this unprecedented growth. In Nigeria alone, there was an increase from 400,000 fixed lines and 25,000 analog mobile phones in the year 2000. These figures skyrocketed to 57 million digital mobile and 2 million fixed lines in 2008. Whether you understand this or not, the bottom line is, the potential of the Nigerian telecommunications market is enormous.

Today, we have video phones, a technology which is not yet common. This spells OPPORTUNITY. Do you remember when the camera phone was a big thing? Well, the video phone is the next big thing and guess what, video phones have just made an entry into the biggest market in Africa - Nigeria. It even gets better - ordinary people have the opportunity to invest in video telephony in Nigeria (and worldwide). This is hugh.

In the business world, it takes a visionary to predict the future. I'm sure you agree that the video phone is the future of telecommunications, and if you can predict what people will be buying a few years from now, you stand a great chance to create wealth. No doubt, everyone will have a video phone a few years. The question is, will you be a consumer or a provider? The consumers enjoy the service and pay the bills while the providers make all the money (just for the records).

One company is leading the way in video phone technology in the Nigerian market. This company could as well do what other companies do - simply provide the service. But this company is different. It gives ordinary people the opportunity to make a minimal investment in telecommunications and build wealth. Such opportunities rarely come around.

Imagine this article was about cell phones and traditional landlines hitting the Nigerian telecommunications market. Knowing what you know today, would you have taken it seriously?

Believe it or not, the video phone is the future. I'm ready to work with any visionary who sees what I see happening in the Nigerian telecommunications market and other markets around the world, a few years from now. You're welcome to leave a comment below if you need more information.

Read more about the Nigerian telecoms market, here.

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