The number of mobile cellular subscriptions in Nigeria grew from 127.25 million in 2013 to 229.84 million in 2023. Between 2013 and 2023, there were notable variations with a high of 19.19% year-on-year growth in 2018 and a low of -6.1% in 2017. The latest CAGR over five years to 2023 is 5.88%, indicating a robust growth trajectory. Forecasts suggest the number of subscriptions will continue to rise, reaching 287.79 million by 2028, with a CAGR of 3.56% and an overall growth rate of 19.09% between 2023 and 2028.
Future trends to watch include advances in mobile technology, increased rural penetration, and the impact of regulatory policies on market growth. The expansion of 5G networks may also play a significant role in driving future subscription increases.
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