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If Talk Is Cheap? Why Do Nigerians Spend N447.8bn On Recharge Cards Monthly?

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During a workshop held recently titled: “ICT infrastructure as key driver for economic development: what role for the legislature?” it was revealed that in Nigeria talk is no longer cheap-literally,  like we have always know it to be.
The workshop organised by the Nigerian Communications Commission, NCC, to educate Nigerian Legislators on some intricate parts of telecom business/investments, exposed that Nigerians make a massive monthly investment of over four hundred billion naira on recharge cards alone monthly.

The investment on recharge cards, surprisingly dwarfed the ones made on House Rent, Petrol, Kerosene and electricity –options, known to have squeezed the economies of average Nigerians for several decades.
ICT expert, Mr. Gbenga Oyebode of Aluko &Oyebode law firm, presented the statistics indicating that Nigerians spend 149.1bn on House rent128bn on Petrol144.8bn on Kerosene, and 91.8bn on electricity monthly.
If I ever hear the phrase “Talk is cheap again ehn?”….Hmmmn, Do leave your comments.

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