NCC: Nigerians Spend N447.8bn on Recharge Cards Monthly
During a workshop held recently titled: “ICT infrastructure as key driver for economic development: what role for the legislature?” it was revealed that in Nigeria talk is no longer cheap-literally, like we have always know it to be.
The workshop organised by the Nigerian Communications Commission, NCC, to educate Nigerian Legislators on some intricate parts of telecom business/investments, exposed that Nigerians make a massive monthly investment of over four hundred billion naira on recharge cards alone monthly.
The investment on recharge cards, surprisingly dwarfed the ones made on House Rent, Petrol, Kerosene and electricity –options, known to have squeezed the economies of average Nigerians for several decades.
ICT expert, Mr. Gbenga Oyebode of Aluko &Oyebode law firm, presented the statistics indicating that Nigerians spend 149.1bn on House rent, 128bn on Petrol, 144.8bn on Kerosene, and 91.8bn on electricity monthly.