Nigeria's smartphone ownership has reached 75%, marking a significant leap from 64% in 2023, according to recent data. This growth reflects a broader shift toward a mobile-first economy, with more citizens relying on smartphones for daily transactions, communication, and access to services. The increase highlights the growing role of technology in everyday life, particularly in urban areas where internet connectivity and mobile infrastructure are expanding.
The rise in smartphone usage is also influencing business models and financial inclusion. More Nigerians are using mobile banking and digital payment platforms, reducing reliance on traditional banking systems. This trend is supported by government initiatives aimed at improving digital infrastructure and promoting financial literacy.
Experts note that the shift is driven by both economic necessity and technological accessibility. As smartphone prices decrease and internet coverage expands, more people are able to participate in the digital economy. This transformation is expected to continue, with long-term implications for Nigeria's economic development and global competitiveness.
