According to data from Original Equipment Manufacturers, about 63 million technology devices are sold in Nigeria every year.

The estimates suggest that device owners change their devices every six to 18 months.

This was disclosed in the National Communications Commission’s, ‘Deployment of a Device Management System: Project Information Memorandum.’

The commission said, “Data from OEMs suggests that approximately 63 million devices are sold each year in Nigeria. Estimates suggest that the average device owner changes devices every six to 18 months.

“The size and turnover of the mobile device market offer vast opportunities for the implementation of a DMS.”

Also, the document disclosed that there were approximately 132 million unique devices on the nation’s telecommunication network in 2020.

According to the NCC, the digital economy is about 15.5 percent of global Gross Domestic Product, growing two and a half times faster than global GDP over the past 15 years.

It added, “According to NCC industry data, the telecom sector is estimated to contribute between 11 – 14 per cent per quarter to the GDP.

“This figure has been rising in the last few years consistent with increasing competition, decreasing telecom sector tariffs, and increasing teledensity. Innovations in the market such as 5G, Internet-of-Things will only further the rate of penetration of telecom devices in Nigeria which makes the DMS project a welcome development.”