This is Follow the Money, our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs and financial institutions. A new edition drops every Monday. Nothing illustrates Nigeria’s growing dependence on the Internet more than how much people now spend on data. Between 2024 and 2025, national data spending jumped 171.41% to ₦7.62 trillion ($5.58 billion), according to TechCabal’s analysis of Nigerian Communications Commission (NCC) consumption data and average data pricing. TechCabal Data Lab The Scale of Spend Deconstructing Nigeria’s ₦7.62 Trillion annual data bill across four essential dimensions of time. Annual National Bill ₦7.62 Trillion $5.58 Bn Total 2025 Spend Timeframe Naira (₦) Dollars ($) Daily ₦20.87 Bn $15.28 M Weekly ₦146.51 Bn $107.24 M M...