The Minister of the Federal Ministry of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami says the average cost of data in Nigeria has fallen by over 50 percent in the past 11 months.
The Minister in a statement by his technical aide, Dr Femi Adeluyi, on Thursday, explained that the reduction was as a result of measures put in place by the government.
“The average cost of 1GB of data has reduced from the January 2020 cost of N1,000 to N487.18 in November, 2020. This was based on a Report by the Nigerian Communications Commission (NCC) submitted to the Honourable Minister following the implementation of the directives”.
The statement added that the “Minister had inaugurated a Committee that developed the Nigerian National Broadband Plan (2020-2025) on the 16th of December, 2019. The Plan was unveiled and launched by His Excellency, President Muhammadu Buhari, GCFR, on the 19th of March, 2020.
“One of the goals of the Plan is to reduce the average cost of 1GB of data to a maximum of N390 by 2025. With the January 2020 baseline of N1,000 per GB, the maximum projected steady decrease for the end of each year was as follows: 2020 (N925), 2021 (N850), 2022 (N775), 2023 (N700), 2024 (N545) and 2025 (N390)”.
The statement noted that “in line with Dr Pantami’s commitment to under promise and over deliver, the measures have caused the current cost of data to reduce significantly beyond the December 2020 projection of N925.
“Based the Report by NCC, the average cost of data as at November 2020 was N487.18, which amounts to 47.33% lower than the projected value. The Report also indicates that the cost of data in November 2020 was less than 50% of the cost of data in January 2020.
“The Federal Ministry of Communications and Digital Economy, through the NCC, will continue to ensure that consumers enjoy a price regime that supports fairness and is friendly to consumers. Policies are in place to ensure that operators adopt competitive pricing that eschews unjustifiable margins. The general public may also wish to note that complaints about rapid data depletion are also being investigated”.