Here are the major income sources for webmasters in Nigeria:

1.) Google Adsense - 90%
2.) In-house adverting - 2%
3.) Premium services or products - 1%
4.) Product sales - 2%
5.) Web design, domain registration and web hosting service - 5%

With the current economic challenges in the country, there is reduced web traffic due to lesser interest in online activities by web users hence a sharp drop in revenue for web projects that depend on Google adsense.

There is a great need for webmasters to grow their businesses beyond the Nigeria audience and market. We must start looking at the global audience. We can easily clone any global winner and benefit from their market shares.