Increase in telephone lines in Nigeria could be an indicator of persistence of the use of communication in everyday life. With close to 210 million active lines, the country is buzzing will activities, despite inflation and high cost of living.
This comes with little surprise as research has consistently shown that mobile is churning out a new generation of homegrown millionaire entrepreneurs who serve a multi-billion-dollar global market.
In Nigeria, mobile hardware and accessories, maintenance, services and repairs are a few of the avenues small businesses are exploiting to make money.
According to the Journal of Economic Perspectives, “mobile phones have greatly reduced communication costs, thereby allowing individuals and firms to send and to obtain information quickly and cheaply on a variety of economic, social, and political topics.”