Cheap smartphones crowd out used ones in Nigerian market

Nnamdi Acholonu, a 38-year-old internet marketer, lost his smartphone and was in need of immediate replacement to continue his digital work. He rushed down to Ikotun market to get a fairly-used Android phone with a budget of over N50,000 but was surprised to see well-functioning smartphones as low as N35,000.

“I was surprised with the price and was afraid not to make the wrong decision but the seller continued to convince me that the phone was in order. When I asked about the reason for the price, he told me that a lot of affordable smartphones are now in the market, especially Android, which have reduced the cost of fairly-used and second-hand devices,” Acholonu said.