Business A.M
No Result
View All Result
Monday, June 29, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Technology

Nigeria seeks local smartphone manufacturing to cut device costs 

by Joy Agwunobi
June 29, 2026
in Technology
Nigeria seeks local smartphone manufacturing to cut device costs 

The Nigerian Communications Commission (NCC) is stepping up efforts to attract global smartphone manufacturers to establish production facilities in Nigeria, as part of a broader strategy to lower the cost of internet-enabled devices and reduce the industry’s dependence on foreign exchange.

Idris Ibikunle Olorunnimbe, chairman of the NCC, made the appeal during the Digital Africa Summit Roundtable in Shanghai, China, where he urged international device makers to invest in local manufacturing, assuring them of the Commission’s commitment to securing government incentives to support such investments.

Speaking before technology executives and investors, Olorunnimbe said Nigeria could no longer rely solely on imported devices if it hopes to expand digital access and bridge the country’s connectivity gap.

His remarks come as the rising cost of smartphones continues to limit digital participation across Nigeria, despite sustained investments in telecommunications infrastructure and network expansion. The high cost of devices, largely influenced by exchange rate volatility and import dependence, has remained one of the biggest barriers preventing millions of Nigerians from accessing digital services.

According to Olorunnimbe, establishing local manufacturing plants would help reduce production costs by increasing the share of expenses denominated in naira, thereby insulating device prices from fluctuations in the value of the dollar.

“When a device is built with Nigerian raw materials and Nigerian labour, more of its cost is denominated in Naira. It stops rising and falling with every move in the dollar,” he said.

The NCC chairman noted that the initiative forms part of the Commission’s wider digital inclusion agenda, which also includes ongoing discussions around the zero-rating of educational platforms to enable students access learning materials and digital skills resources without incurring data charges.

Olorunnimbe acknowledged that previous attempts to assemble mobile devices locally had struggled with issues such as product quality and weak consumer acceptance. However, he stressed that any renewed push would prioritise competitiveness rather than simply promoting local production.

“The aim is to build phones in Nigeria that match the imported phones on quality and beat them on price. A locally made device that asks Nigerians to settle for less is not worth making, and we will not pretend otherwise,” he said.

He added that the local manufacturing drive would be complemented by strengthened regulatory measures, including updated Type Approval Regulations and the planned deployment of a Device Management System. The initiatives are expected to improve device quality standards while curbing the circulation of counterfeit and substandard mobile devices in the Nigerian market.

The Commission believes that, if successfully implemented, local smartphone production could not only make digital devices more affordable for Nigerians but also stimulate investment, create jobs and strengthen the country’s position in the regional technology manufacturing value chain.

Joy Agwunobi
Joy Agwunobi
Previous Post

Meta deepens Nigeria youth online safety drive  

Next Post

The $165bn chocolate industry and Africa’s 6% problem 

Next Post
The $165bn chocolate industry and Africa's 6% problem 

The $165bn chocolate industry and Africa's 6% problem 

  • Trending
  • Comments
  • Latest

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

N468bn short-let boom creates rent revolution, reshapes Nigeria hospitality

N468bn short-let boom creates rent revolution, reshapes Nigeria hospitality

June 29, 2026
560m in SSA still without electricity

655m people worldwide, 560m in SSA still without electricity

June 29, 2026
aviation

An African aviation future beyond aircraft acquisition

June 29, 2026
The $165bn chocolate industry and Africa's 6% problem 

The $165bn chocolate industry and Africa’s 6% problem 

June 29, 2026

Popular News

  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

N468bn short-let boom creates rent revolution, reshapes Nigeria hospitality

N468bn short-let boom creates rent revolution, reshapes Nigeria hospitality

June 29, 2026
560m in SSA still without electricity

655m people worldwide, 560m in SSA still without electricity

June 29, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M