this is insane. whats going on in that country are you guys that rich ? in the western world they pay the equivalent of N1000 per month.

Nigerian rich is real rich, western rich can be a mirage.

in NIgeria most ppl don't use credit. everything someone buys and owns they can really afford it. Hummers, planes, whatever.

in the US everyone buys everything on credit. toyotas, and hondas. nobody can put down over $2000 of cash on anything, so nigerians paying this much for internet doesn't surprise me.



i think GEJ should look into this. Nigerian culture can be so greedy and money grubbing that the whole country is suffering under dubai prices for somalia quality services and products. The way he's trying to crash the ridiculous cement price and did for the ridiculous petrol price, he should do the same for the internet, and phone services because nigerians are truely being cheated and deprived by greedy business men and it's not fair. Nigeria should practice price regulation because greed is to endemic in our country.

I hear it cost nigerians $30 just to ENTER a night club.

That the fresh air they promise o!

@ Topic. The funny part is after paying that amount the satisfaction is very far to be met.
I used 15k/month. On my laptop with glo. Good speed, good download rate. Unlimited air time. Pay another 5k for my handheld device (this is not funny!)

Deposit 15k for post paid telephone which i normally balance like 5k.

Pay 5k/month for NEPA(public electricity which is not there) and fuel my gen with diesel of 25/month min.



But the sweet thing is all my income is almost TAX free!

Its all down to dearth of infrastructure

Ikengawo:

Nigerian rich is real rich, western rich can be a mirage.

in NIgeria most ppl don't use credit. everything someone buys and owns they can really afford it. Hummers, planes, whatever.

in the US everyone buys everything on credit. toyotas, and hondas. nobody can put down over $2000 of cash on anything, so nigerians paying this much for internet doesn't surprise me.



i think GEJ should look into this. Nigerian culture can be so greedy and money grubbing that the whole country is suffering under dubai prices for somalia quality services and products. The way he's trying to crash the ridiculous cement price and did for the ridiculous petrol price, he should do the same for the internet, and phone services because nigerians are truely being cheated and deprived by greedy business men and it's not fair. Nigeria should practice price regulation because greed is to endemic in our country.

I hear it cost nigerians $30 just to ENTER a night club.

Rhino.5dm:

That the fresh air they promise o!

@ Topic. The funny part is after paying that amount the satisfaction is very far to be met.
I used 15k/month. On my laptop with glo. Good speed, good download rate. Unlimited air time. Pay another 5k for my handheld device (this is not funny!)

Deposit 15k for post paid telephone which i normally balance like 5k.

Pay 5k/month for NEPA(public electricity which is not there) and fuel my gen with diesel of 25/month min.



But the sweet thing is all my income is almost TAX free!

this is what they call 'gouging' . this is very unfair. extremely unfair. now my question is this, are the exploiters nigerians or are they foreigners who have swooped onto the country to crate away its riches to their own countrys ? and why are nigerians paying for these services ? must you guys have them ? why promote corruption and greed ? why not just get 5 households together and then pay 1 wireless internet bill and then share the same passwords and then access the same service for the price of 1. this way you are fighting back

donspony:

Its all down to dearth of infrastructure

so the prices are justified because of the dearth of infrastructure ?

buzugee:

this is insane. whats going on in that country are you guys that rich ? in the western world they pay the equivalent of N1000 per month.

the infrastructure is not up to standard yet so the price at this time will be very dear. in the next 3-7 years, the price would come down. there was a time only the elite could afford digital tv(dstv). these days, tenants get it installed for free in some housing estates in lagos.

buzugee:

so the prices are justified because of the dearth of infrastructure ? 

the overheads the service providers incur is the reason for the high prices. most of these providers generate power from their own diesel when the govt should be providing 24/7 electricity.

But some foooooools on Niraland siad Government to take away subsidy wheres everything is already expensive

Rhino.5dm:

That the fresh air they promise o!

@ Topic. The funny part is after paying that amount the satisfaction is very far to be met.
I used 15k/month. On my laptop with glo. Good speed, good download rate. Unlimited air time. Pay another 5k for my handheld device (this is not funny!)

Deposit 15k for post paid telephone which i normally balance like 5k.

Pay 5k/month for NEPA(public electricity which is not there) and fuel my gen with diesel of 25/month min.



But the sweet thing is all my income is almost TAX free!

15k/month? Abi na broadband? Anway, proly becus i get 2 browse free @wrk, i dont spend more dan 5k-month, & i do a LOT of browsing, by d way.

^^someone is still paying for what you term as 'free'.
Try subscribing for a month and probably stream like 3 HD movies then comeback.

Ikengawo:

Nigerian rich is real rich, western rich can be a mirage.

in NIgeria most ppl don't use credit. everything someone buys and owns they can really afford it. Hummers, planes, whatever.

in the US everyone buys everything on credit. toyotas, and hondas. nobody can put down over $2000 of cash on anything, so nigerians paying this much for internet doesn't surprise me.



i think GEJ should look into this. Nigerian culture can be so greedy and money grubbing that the whole country is suffering under dubai prices for somalia quality services and products. The way he's trying to crash the ridiculous cement price and did for the ridiculous petrol price, he should do the same for the internet, and phone services because nigerians are truely being cheated and deprived by greedy business men and it's not fair. Nigeria should practice price regulation because greed is to endemic in our country.

I hear it cost nigerians $30 just to ENTER a night club.

Oga Dstv be the best satellite provider for we country. We pay N10,300 for full view every 30 days. Everything too cost for here

buzugee:

this is insane. whats going on in that country are you guys that rich ? in the western world they pay the equivalent of N1000 per month.

"You have to be rich to be poor." -DeNeen L. Brown

You asked a question many economists have struggled with for decades. The link below will give some insight from a US perspective, but I think it applies to Nigeria too. Actually, I think it's worse in Nigeria if you factor in our corruption rate and our incoherent economic/public policies.

Also, doing business in a disorganized and unstable economy is very expensive. Smart and corrupt businessmen will take advantage if that too and profit to the max.

http://www.washingtonpost.com/wp-dyn/content/article/2009/05/17/AR2009051702053.html?sid=ST2009051801162

http://www.brookings.edu/opinions/2006/0723california_fellowes.aspx

buzugee:

this is insane. whats going on in that country are you guys that rich ? in the western world they pay the equivalent of N1000 per month.

Don't be silly. $160 isn't N16000. Since when was $1 = 100 Naira?

Also, it's patently false to say the 'western world' pays the equivalent of N1000 a month. Which carrier in the UK and US will give you broadband HSDPA for $7? Name them.

While our internet costs ARE high in Nigeria, you're being unneccesarily alarmist. MTN's 5GB 3G data plan is 8K a month, Glo is 7K for 6GB. You can even get somewhat cheaper tranches for less cash.

the NG federal gov. should do what it's doing in cement elsewhere, get providers to provide realistic prices.
infrustructure is a lame excuse, if you can provide ANYONE with the service you have the infrustructure. It's just greed.

coogar:


the overheads the service providers incur is the reason for the high prices. most of these providers generate power from their own diesel when the govt should be providing 24/7 electricity.

But they rake in billions as profit? That shouldnt be an excuse.

texazzpete:

Also, it's patently false to say the 'western world' pays the equivalent of N1000 a month. Which carrier in the UK and US will give you broadband HSDPA for $7? Name them.

Some carriers do charge prices that low http://sales.talktalk.co.uk/product/broadband/?portalId=GOO_BRA&WT.mc_id=GOO_BRA

but very few, but since the market is competitive they sell packages instead e.g  Satelite TV + Landline Phone + Broadband + Movies on demand +,  which can add up

texazzpete:

While our internet costs ARE high in Nigeria, you're being unneccesarily alarmist. MTN's 5GB 3G data plan is 8K a month, Glo is 7K for 6GB. You can even get somewhat cheaper tranches for less cash.

Thats pretty sad, I pay N6500 per month for an UNLIMITED data plan, its 3G, and I run it 24/7, 365. It has been down for a mere 3 hours in 8 years - very reliable.

mcnepow:

But they rake in billions as profit? That shouldnt be an excuse.

they are there to make profits - they aren't charitable organizations. the nigerian government milked them dry for the licenses and other issues forgetting it's the common man that suffers the effect. the government don't care as long as they make their own money. by the time these companies work out the checks & balance, the math puts it at 16,000 per month internet bill for the customer - you!

Rhino.5dm:

That the fresh air they promise o!

@ Topic. The funny part is after paying that amount the satisfaction is very far to be met.
I used 15k/month. On my laptop with glo. Good speed, good download rate. Unlimited air time. Pay another 5k for my handheld device (this is not funny!)

Deposit 15k for post paid telephone which i normally balance like 5k.

Pay 5k/month for NEPA(public electricity which is not there) and fuel my gen with diesel of 25/month min.



But the sweet thing is all my income is almost TAX free!

If its from thuggery, where does tax come in?

Sir! How much did you paid in TAX from your fresh air money? . . .Be honest!

Beaf:

If its from thuggery, where does tax come in?

coogar:

the infrastructure is not up to standard yet so the price at this time will be very dear. in the next 3-7 years, the price would come down. there was a time only the elite could afford digital tv(dstv). these days, tenants get it installed for free in some housing estates in lagos.

the overheads the service providers incur is the reason for the high prices. most of these providers generate power from their own diesel when the govt should be providing 24/7 electricity.

Thats a good point, the providers do not have the luxury of basic electricity and other amenities, however is the cost of staff and engineers not cheaper in nigeria? But on the other hand how did the nigerian government invest the license fees?

coogar:

the infrastructure is not up to standard yet so the price at this time will be very dear. in the next 3-7 years, the price would come down. there was a time only the elite could afford digital tv(dstv). these days, tenants get it installed for free in some housing estates in lagos.

the overheads the service providers incur is the reason for the high prices. most of these providers generate power from their own diesel when the govt should be providing 24/7 electricity.

ok i guess that is an acceptable explanation for 10 percent of the mark-up price. how about the other 90 percent ? this is extreme capitalism. actually scratch that. that is extreme highway robbery

2muchlogic:

Thats a good point, the providers do not have the luxury of basic electricity and other amenities, however is the cost of staff and engineers not cheaper in nigeria? But on the other hand how did the nigerian government invest the license fees?

the govt spent it by buying properties for their girlfriends/concubines in abuja and lagos environs.

satani22:

Oga Dstv be the best satellite provider for we country. We pay N10,300 for full view every 30 days. Everything too cost for here

in england wireless broadband is 6 pounds a month. and what happens is that landlords now provide this free for all tenants so when you move somewhere the internet is shared by all. as part of your tenancy agreement you recieve the password of the wireless free bruv.

That was the moment Atiefku made his money. Yet no one was able to mention that except MR. Fresh air which was due to political reason. Naija i hail thee!

2muchlogic:

Thats a good point, the providers do not have the luxury of basic electricity and other amenities, however is the cost of staff and engineers not cheaper in nigeria? But on the other hand how did the nigerian government invest the license fees?

buzugee:

ok i guess that is an acceptable explanation for 10 percent of the mark-up price. how about the other 90 percent ?   this is extreme capitalism. actually scratch that. that is extreme highway robbery

power(no power supply from the govt, these providers generate their own power supply)
security(no adequate security in nigeria, these providers employ their own security outfits to protect their facilities).
licensing(the providers were milked dry by the govt before being allowed to operate. they have now turned on the consumers to recuperate).

texazzpete:

Don't be silly. $160 isn't N16000. Since when was $1 = 100 Naira?

Also, it's patently false to say the 'western world' pays the equivalent of N1000 a month. Which carrier in the UK and US will give you broadband HSDPA for $7? Name them.

While our internet costs ARE high in Nigeria, you're being unneccesarily alarmist. MTN's 5GB 3G data plan is 8K a month, Glo is 7K for 6GB. You can even get somewhat cheaper tranches for less cash.

i use talk2talk. its 6 pounds a month. its broadband.  

Kilode?!:

"You have to be rich to be poor." -DeNeen L. Brown

You asked a question many economists have struggled with for decades. The link below will give some insight from a US perspective, but I think it applies to Nigeria too. Actually, I think it's worse in Nigeria if you factor in our corruption rate and our incoherent economic/public policies.

Also, doing business in a disorganized and unstable economy is very expensive. Smart and corrupt businessmen will take advantage if that too and profit to the max.

http://www.washingtonpost.com/wp-dyn/content/article/2009/05/17/AR2009051702053.html?sid=ST2009051801162

http://www.brookings.edu/opinions/2006/0723california_fellowes.aspx

deep.

buzugee:

i use talk2talk. its 6 pounds a month. its broadband.  

i use talk-talk too. the package is housephone/broadband, i don't know how much i pay.

Ikengawo:

the NG federal gov. should do what it's doing in cement elsewhere, get providers to provide realistic prices.
infrustructure is a lame excuse, if you can provide ANYONE with the service you have the infrustructure. It's just greed.

GBAM

Don't gbam anything, the FG is part of the problem as the syndicates at NCC get their 'return' per second. They are much invove in the scheming of things.

buzugee:

GBAM

coogar:

i use talk-talk too. the package is housephone/broadband, i don't know how much i pay.

BRUV MINE IS FREE. i get it free. free internet. these poor saps in naija are paying N16000 for something most people get free in england. WOW. naija we hail thee

Rhino.5dm:

Don't gbam anything, the FG is part of the problem as the syndicates at NCC get their 'return' per second. They are much invove in the scheming of things.

bruv but still, you have to accept and admit that you are being gouged. once you can accept and acknowledge that fact, then you can start confronting it. until then ? keep being a mugu. you hear ?  come on man this thing is like a tap that they open from the source and then everyone gets it. no huge investment once it is up and running. just sit down and collect the cash. cost of operation for these things is pretty minimal.
you pay the engineers
cost of diesel
workers at the call center
utility bills

and the rest is profit. these people are raking it in

this is why etisalat can afford to pay its directors (who do diddly squat) N50,000,000 PER ANNUM SALARY. and these are the nigerian directors. the arab directors are probably on double that. thats all yalls money that is being shared out.