Stock QuotesEurobonds ($)
NIGERIAN EUROBONDS March 16  20215.625% US$300M JUN 2022-103.962/2.446%,  6.375% US$500M JUL 2023– 108.337/2.639%, 7.625% US$1.118BN NOV 2025– 114.581/4.159%,  6.500% US$1.5BN NOV 2027– 106.967/5.250, 7.143% US$1.25BN FEB 2030 – 105.897/6.270%, 8.747% US$1.0BN JAN 2031 – 115.122/6.629%,  7.875% $1.50BN Feb 2032 – 108.095/6.810%, 7.696% $1.25BN Feb 2038 – 103.337 /7.347%,  7.625% $1.50BN Nov 2047 – 102.298 /7.425%, 9.248% $750M Jan 2049 – 115.726/7.848%.
Business Finance Info & Updates

Nigeria ranks lowest in Internet affordability – Report

A global study on the quality of digital wellbeing in 85 countries has ranked Nigeria the lowest country in Internet affordability.

According to the Surfshark’s Digital Quality of Life Index 2020, Nigeria comes last at 85th, following Columbia and Honduras, while Israel led as the country with the most affordable Internet globally.

The report also showed that Nigeria was one of the countries where subscribers worked the hardest to buy data.

Where on a global average, individuals worked three hours and 48 minutes a month to pay for the cheapest broadband package; in Nigeria, it takes almost 34 hours.

Nigerians have to work 28 minutes for one gigabyte of mobile Internet compared to the global average of 10 minutes.

The country was also one of the bottom countries with slowest and least stable Internet as it ranked 80th fastest and most stable Internet.

The report showed Nigeria had one of the least developed e-government as it ranked ranked 79th for countries with highest e-security out of 85 countries.

Africa and the Americas were shown to have the least affordable Internet, while people living in Oceania had the most affordable Internet access, followed by Asia and Europe.

The report stated that overall people in 75 per cent of the researched countries had to work more than the global average to afford the Internet, which was a problem since overall wellbeing was strongly influenced by their digital wellbeing.

Read Also:  New operator targets Nigeria’s $80 billion telecoms market

According to the DQL research, there is no evident relationship between Internet affordability and Gross Domestic Product per capita.

“For instance, Iran ranks low in terms of GDP per capita but has the fifth of the most affordable Internet globally. In comparison, Denmark has a high GDP per capita and ranks at the higher tier in Internet affordability (7th place),” it noted.

It added that disparities in Internet affordability between countries could depend on various factors such as differing levels or lack of competition in broadband markets, different degrees of ICT policy adoption, cost of infrastructure developments, lack of innovation, or geographical disadvantages.

The findings suggested a potential for improving Internet affordability with limited resources and more focused region-specific planning.

Punch

Leave a Reply

Your email address will not be published. Required fields are marked *

CAPTCHA ImageChange Image