The Ministry of Communications and Digital Economy has been put in place to significantly reduce the average cost of data. 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 minister following the implementation of the directives.
It would be recalled that the Minister Communications and Digital Economy, Dr. Isa Pantami, had inaugurated a committee that developed the Nigerian National Broadband Plan (2020-2025) on December 16, 2019. The plan was unveiled and launched by President Muhammadu Buhari, on March 19.
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 measures have caused the current cost of data to reduce significantly beyond the December 2020 projection of N925. Based on the report by NCC, the average cost of data as at November 2020 was N487.18, which amounts to 47.33 per cent lower than the projected value.
The report also indicates that the cost of data in November 2020 was less than 50 per cent of the cost of data in January 2020, while 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.
This is as policies are also in place to ensure that operators adopt competitive pricing that eschews unjustifiable margins.