The Global Internet Value index (IVi) measures each country's internet speed against its affordability to determine which countries are overpaying for their internet.

Nigeria ranks 109th globally, according to Surfshark's data, with an index of 0.0017, 44 times lower than the global average. This means Nigerians are paying more for their internet than other countries worldwide.

In Sub-Saharan Africa, Nigeria ranks 12th, with an index 56% lower than the regional average. Countries like South Africa and Ghana are ranked 70th and 105th, respectively, overpaying for their internet. Nigeria's index is 90% lower than South Africa's and 26% lower than Ghana's.

"Internet Value index offers to look at internet connection from a practical perspective - whether we get what we pay for. For example, even economically affluent countries with relatively fast internet can overpay compared to others worldwide," says Agnieszka Sablovskaja, Lead Researcher at Surfshark.

However, some countries may have slower internet but also pay a considerably lower price, which is considered fair,

Comparing internet value in Africa, four out of every ten people can access the internet at a fair price. South Africa, Egypt, and Morocco are the top three ranking countries.

Northern Africa performs better than Sub-Saharan Africa, with an average index of 2 times higher. Conversely, Zimbabwe, Uganda, and Cameroon are the lowest-ranking African countries.

In Asia, 4 out of 10 individuals can access the internet at a fair price. Israel, Singapore, and South Korea are the top three ranking countries.

In Europe, 78% of people get their internet at fair prices. Denmark and France are the top-ranking European countries. In North America, 7 out of 10 individuals can access the internet at a fair price, with the United States outperforming Canada. In South America, 59% of people get their internet at a fair price, with Chile as the leader in internet value.

Oceania's internet value index is 2.5 times higher than the global average. Australia ranks fifth globally, and New Zealand ranks 25th.

Source: Business Insider