March 16, (THEWILL) — Nigeria’s telecommunications sector has hit a major milestone, generating about ₦13 trillion in revenue, reflecting rapid growth in digital services, data usage, and mobile connectivity.
According to the Nigerian Communications Commission and industry reports, the sector’s earnings rose from ₦5.3 trillion in 2023 to ₦7.67 trillion in 2024, a 44.7 percent increase, and continued expanding in 2025 and early 2026.
The revenue surge is driven by rising data consumption as more Nigerians use streaming, remote work tools, social media, and digital payments, with data now surpassing voice calls as the largest revenue source.
Regulatory tariff adjustments in 2025 enabled operators to raise prices, helping offset costs and boosting earnings.
Widening smartphone penetration, the rollout of 4G and 5G networks, and the expansion of mobile money, digital banking, and enterprise connectivity have also added new revenue streams.
The industry is dominated by MTN Nigeria Communications Plc and Airtel Nigeria, which generate the bulk of revenue, with MTN reporting ₦5.2 trillion in 2025 alone.
The sector contributes over 8 percent of national GDP, with a GDP value of ₦18.5 trillion, highlighting its role in economic development.
Analysts project continued growth as broadband adoption rises, 5G networks expand, and digital services and fintech platforms deepen, ensuring the sector remains a key driver of digital transformation, employment, and Nigeria’s economy.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
