Telecom giant MTN set to offer Nigerians 5G-enabled smartphones

  • MTN Nigeria is rolling out plans to allow Nigerians to own 5G powered smartphones in the country
  • Telecom giant partners with top original equipment manufacturers and retailers to roll out initiative
  • The company said the plan would make it easy for Nigerians to own 5G-enabled smartphones

Telecom giant MTN Nigeria said it is boosting its adoption of 5G in Nigeria with a plan that allows Nigerians to own 5G-powered smartphones.

Reports indicate that the smartphone funding initiative is backed by original equipment manufacturers (OEMs) such as iTel, TECNO, Nokia, Infinix and others. The company said Nigeria would be able to secure 5G-compliant smartphones without stress.

MTN plans to give Nigerians 5G-enabled smartphonesCredit: Bloomberg / Contributor
Source: Getty Images

Why 5G smartphones are out of reach for Nigerians

Analysts have pointed to the high cost of smartphones, especially 5G-powered phones, as the main impediment to 5G adoption in Nigeria.

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At a press conference in Lagos on Wednesday, October 12, 2022, the company said it sees smartphone financing as a major issue for people looking to acquire gadgets.

The telecom company has decided to collaborate with an open smartphone financing platform in Nigeria, Intelligra, OEMs, Stanbic IBTC Bank and other famous outlets like SLOT to acquire the phones and pay for a period of time without no initial deposit.

The company’s chief marketing officer, Adia Sowho, said smartphones have become the personal computer of many people in Nigeria.

MTN expresses desire to help Nigerians with smartphones

Sowho said the high costs of gadgets have made Nigerians disconnected and factors such as fluctuating exchange rates and shortage of chipsets are driving up the cost of smartphones.

According to her, the current financing plans have many problems, such as high interest rates and initial initial deposits.

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She added that existing financing initiatives come with many challenges, including high interest rates and upfront initial deposits, saying the company has financed more than 20,000 devices and would deepen its partnership to drive adoption and the growth of 5G in the country.

One of the partners, Intelligra, said smartphone financing is a popular plan in many advanced countries, allowing people to get any device they want and pay over time.

In September this year, MTN became the first and only network provider to launch 5G in Nigeria.

Nigeria has become the first of three African countries to deploy 5G technology after Kenya and South Africa.

MTN says its 5G service is now available at 190 locations across Nigeria

Remind that reported that MTN said it had activated its much-awaited fifth-generation (5G) internet service at 190 locations across Nigeria, but mainly in Lagos and Abuja, with some users saying internet speeds were up to 1.48 per second.

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A BusinessDay report says the launch of the 5G service took place on the same day the Nigeria Communications Commission announced the date for the official rollout of the service nationwide.

Reports say that by October, it is expected that MTN’s 5G will be running at 500-600 sites in Nigeria.