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 facing the industry.
The monthly event, held in Lagos, brings together government and operators to discuss issues in 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 an annual compound rate (CAGR) 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% to reach 709 million users in 2015,” his office said.
David Eto
