Telecommunications: Nigeria's cell phones to double.
Lagos telecoms research company eShekels reports that cellphone proliferation will reach 5m this year, up from 2m in 2003. Telephone lines will dwindle by 50% to 6m.
Nigeria is considered Africa's fastest-growing cellphone market, and could accelerate even further this year if infrastructure and capital problems can be resolved. eShekels CE, Fola Odufuwa says if these problems can be overcome, the number of mobiles will exceed 6m. Cellular telephony was first introduced to Nigeria in 2001 with expectations of slow acceptance. The takeoff knocked the industry estimate on its head, leading to shortage of equipment and capital of crisis proportions.
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|Title Annotation:||Business Briefs|
|Article Type:||Brief Article|
|Date:||May 1, 2004|
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