In
2012/2013 fiscal year, an average Nigerian household spent more on recharge
cards than they did on household supplies such as petrol, soap, washing powder
and personal food, says the report from a survey carried out by the
National Bureau of Statistics (NBS) in collaboration with the World
Bank.
Nigerians
collectively spent about N449.7bn/month on recharge cards, hence making
recharge cards account for 72.3% of the expenses made by the sampled households
monthly against the combined 37% that cover food, personal care, and household
products including petrol. Not very surprising, I must say, because at the end
of 2013, 120 million out of about 170 million of the Nigerian population owned
mobile phones and well, SMS and phonecalls.
No
one benefits from this turn of events more that the Nigerian
telecommunications, and their investors.
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