African largest economy Nigeria has come with a radar of positive outlook in the telecommunication sector with a subscriber based expected to hit 182 million subscribers in 2019.
According to report by Pyramid Research telecommunication is expected to generate $10.9 billion up from 9.2billion in 2013.
The sector will experience a company annual growth rate (CAGR) of 2% in the next five years with mobile data increasing to 16% in 2019.
Although currency devaluation are likely to lead to slower US dollar rate, in local currency terms, the Nigerian telecommunication market offers strong growth rates of up to 6.8% annually for a period of 2014 to 2019.
Other countries in Africa are likely to follow Nigeria when it comes to technology development.
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