Nigeria’s $25 billion mobile money market is set to top the agenda at the 66th Telecom Consumer Parliament (TCP) meeting on Friday. The Nigerian Communications Commission (NCC) and telecom operators hope the conference will address challenges the industry faces.
Eugene Juwah is gearing up for Friday's event. (image: file)
The monthly event, held in Lagos, brings together government and operators to tackle issues in the Nigerian telecoms industry.
Eugene Juwah, the NCC’s Executive Vice Chairman, said the topic of the next event will be “Mobile Payment: The Consumer Perspective”.
Total mobile money transactions in emerging markets is expected to grow at a compound annual rate of 54%. From $25 billion in 2010, to $215 billion in 2015.
“There is also a forecast that mobile money subscribers will grow from 133 million users in 2010 at a (CAGR) of 40 percent to reach 709 million users in 2015,” his office said.
David Eto
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