Mobile services are known for two major effects; they are key drivers of social and economic development and they provide the most cost-effective way of achieving ICT process. In Nigeria, a 10% increase in mobile penetration increases Total Factor Productivity in the long run by 4.2 percentage points this effect shows the economic productivity which are not caused by traditional inputs such as capital and labour.

Nigeria economy can reach its full potential as relates to survival in the 21st century as mobile services are directly proportional to increased productivity. Many challenges face this potential such as the cost of using a mobile phone which on average 5% of personal income in Nigeria, high cost of rights of way, delay in obtaining permits, inadequate electricity supply, multiple regulation, taxation these and more pose a threat to the drivers and operators of the infrastructure of this eco system while the financial inclusion in the country can improve with money and many other mobile services.