Forecast: Number of Fixed Broadband Subscriptions in Nigeria

Between 2013 and 2023, the number of fixed broadband subscriptions in Nigeria showed significant fluctuations. Starting at just over 15,000 subscriptions in 2013, the value saw major growth by 2016, hovering around 107,000. Following this, the values often fluctuated, spiking and then dipping periodically. By 2023, the subscriptions stood at approximately 95,860. Year-on-year variations over the last two years were 46.86% and -0.98%, while the compounded annual growth rate (CAGR) over the last five years was 5.32%.

Forecast data from 2024 to 2028 suggest a slight decline in subscriptions, with a forecasted five-year CAGR of -0.65%, indicating a trend towards stabilization after the significant past fluctuations.

Future trends to watch for:

- Technological advancements in broadband infrastructure

- Government policies affecting internet access

- Market competition and pricing strategies

- Economic factors influencing consumer purchasing power and technology adoption