How Do Web Hosts/developers Make Money In Nigeria?

To whom it may concern:

As a company/individual, how do you make money charging as low as N1,800 for various services?  I ask this question based on the information I have gleaned from various sites advertised on this forum.  I am not in naija and perhaps there is something I am missing here. 

At the end of the day, saving the customer money and eliminating the competition are good things but as a business, the ultimate aim is to make a profit.  Again, I am not there and so I don't want to make assumptions, but N1,800, the last I was there, doesn't buy much and I doubt covers the overhead.

Thanks in advance for your responses

I wanted to really talk on this observation by my2cents,

But Mr. krs1 happens to have picked EVERY SINGLE WORD i was gonna speak right outta my lips!!

I don't know how he did it, so don't ask me, 

On a more serious note, i think the bottom line, what it all boils down to, is desperation!. And that's as good an explanation as anybody will get,

Web hosting is a relatively cheap commodity the world over. That’s why you now find offers that give you 200GB of web space for as cheap as $6 a month all over the internet. So you simply cannot limit this observation to Nigeria.

In Naija, the prices do not really determine the service you receive. There are web hosts that charge awfully high prices, yet they have very poor customer relations and unreliable servers. I know of someone that paid N5000 to register a domain, at the end of the day, he got nothing. On the other hand, we have cheap hosts that offer great services.

abhosts,

sorry for not making it clear.  I am actually referring to various web services (hosting, development, etc) and not just hosting. 

Even if I was referring to just hosting, still, N1,800 doesn't go far.  It would if they had say, 100,000 customers but I doubt such companies even have 30% of that.