A Nigerian proptech boom is being driven by a rise in mobile phone use. Rapid population growth, increased broadband speeds and cheaper smartphones have already boosted a range of domestic sectors, from gambling to retail. PropertyPro CEO Fikayo Ogundipe said his company's website now gets about 500,000 hits a month, compared with just 15,000 per month in 2013 before smartphones came to Nigeria. Of these, around 90 percent of traffic comes from mobiles, he added. Nigeria has the most web users in Africa, with about 107 million internet data users.
A Nigerian proptech boom is being driven by a rise in mobile phone use. Rapid population growth, increased broadband speeds and cheaper smartphones have already boosted a range of domestic sectors, from gambling to retail. PropertyPro CEO Fikayo Ogundipe said his company's website now gets about 500,000 hits a month, compared with just 15,000 per month in 2013 before smartphones came to Nigeria. Of these, some 90% of traffic comes from mobiles, he added. Nigeria has the most web users in Africa, with about 107 million internet data users.