Digital Trend in Nigeria Shows USSD and Instagram Becoming Dominant

Digital Trend in Nigeria Shows USSD and Instagram Becoming Dominant

Nigeria’s version of Mary Meeker’s Internet Report has been published. Terragon does this yearly and this year’s one continues to show that Nigeria is making progress, digitally. If you read through this report, one thing is clear: Instagram is going to be huge in Nigeria and USSD has already eclipsed app in financial services. If you have 198 million citizens with close to 100 million adults and each has a phone (105 million mobile unique users), you have many things there for USSD. USSD wins because those bank apps are pursuing about 38 million people which own smartphones. Simply, if you are a bank with no USSD product, your bank app (which requires a smartphone) gets you to about 1/3 of your potential market target. You are losing even before you begin.

From the report…

---

1. Advance your career with Tekedia Mini-MBA (Sept 13 – Dec 6, 2021): 140 global faculty, online, self-paced, $140 (or N50,000 naira). Click and register here.

2. Click to join Tekedia Capital Syndicate and own a piece of Africa’s finest startups with a minimum of $10,000 investment.

3. Register and join me every Saturday at Business Growth Playbooks w/ Ndubuisi Ekekwe (Sept 4 – Oct 23, 2021), Zoom, 4.30pm WAT; costs N20,000 or $60.

Share this post

Post Comment