92M new subscribers push mobile subscriptions to outnumber world population

This sounds so unbelievable but its actually the truth.

According to a release by Ericsson in its Mobility Report for the second quarter (Q2), mobile subscriptions have maintained an upward surge as telecommunication operators across the globe share a total of 92 million new subscribers in Q2 bringing the total up to 7.7 billion across the globe.

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In 2016, the world population reportedly hit 7.442 billion. Meanwhile, the United Nations in its most recent estimates stated that the global population, as of September 2017, is now 7.5 billion.

At 7.5 billion, the world population is now 2 million short of the global mobile phone subscriptions.

However, the report revealed that the total figure of unique subscriptions around the world currently stands at 5.3 billion, which means that on the average, for every person there are 1.45 mobile phone subscriptions.

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For Nigeria however, the story is opposite as statistics obtained from the Nigerian Communications Commission (NCC) shows that mobile operators have cumulatively lost between 10 million and 12 million subscribers in the half year, crippling the nation's teledensity down from 110 per cent in January to 102 per cent by June 2017.

This continued fall in mobile subscription in Nigeria has been attributed to the downturn in Nigeria's economy which plunged into recession in early 2016.