The Covid-19 pandemic has become a big problem in the economy, this has made Nigerians use about N1, 97 trillion for data and calls.
N1, 97 trillion was used by subscribers of service providers in Nigeria, mainly airtime in the first six months of the year.
This shows an N57 billion increase compared to what was used in 2019 in the first six months of the year.
It has been stated that there might be a 3.73% increase in the last six months of the year for service providers, MTN, Airtel, Globacom, and 9mobile.
The Nigerian Communications Commission (NCC) states that there was an increase in June which was shocking because of the current economic realities but the increase was also understandable because of the Covid-19 pandemic telecommunication has become an essential product.
Each subscriber uses approximately N1 725, being it for calls or data whichever the subscriber prefers.
In 2019 service providers earn about N2, 78 trillion for airtime sales.
The lockdown has forced individuals, businesses, schools, government, and religious places to operate remotely and this means that people have to buy more data and airtime.
The NCC stated that Nigeria had 186 million subscribers in January 2020 and by June there were 194, 6 million subscribers.
MTN alone reported that their earnings have increased drastically, they reported a half-year revenue of N637 billion in 2020, and in 2019 they had N566, 9 billion.