Smart Phones Cost 37% Of Nigerians Income – Report

A report from Alliance for Affordable Internet (A4AI) has disclosed that the average cost of a smartphone is about 37.46 percent of an average monthly income in Nigeria.

The report states that the average cost of a smartphone in Nigeria was N24,999.

A4AI report revealed that 2.5 billion people all over the world paid more than 30 per cent of their monthly income to purchase the cheapest smartphones available in their markets.

It noted that smartphones enabled digital participation but had been unaffordable for many worldwide, especially in low-and-middle-income countries.

The A4AI said, “At present, countries are not doing enough to better understand what can be done to improve smartphone affordability.”

A report from Punch has also indicated that Federal Government might be unable to provide cheaper smartphones in line with the Nigerian National Broadband Plan 2020–2025.

The government had earlier stated that it would incentivise local manufacturers of devices to facilitate access to low-cost broadband devices.

However, a recent document has indicated that the government might be unable to follow thorough on their promise due to economic hardship.

Another report from A4AI has also said that forty-four per cent of Nigerians had access to smartphones while 58.2 per cent of Nigerians living in urban areas had smartphones and only 29.5 per cent of those living in rural areas did not.