Telecoms contribution to GDP hits 16% as broadband penetration nears 50%

By Favour Unukaso THE telecommunications sector’s contribution to the nation’s Gross Domestic Product (GDP) has increased significantly to 16 per cent in the second quarter of 2023, according to the data reported by the Nigerian Communications Commission (NCC) based on the computation by the Nigeria Bureau of Statistics (NBS). The Executive Vice Chairman of... Read More

Telecoms sector contributes N2.5tr to Nigeria’s GDP

THE telecommunications and Information Services sector in Nigeria has, in the first quarter 2023, contributed N2.508 trillion in terms of financial value contribution to the nation’s gross domestic product (GDP), representing 14.13 per cent.   Figures released by the National Bureau of Statistics (NBS) showed that the sector recorded a 4.3  per cent.  increase... Read More

ICT sector’s contribution to GDP hits 18.44%

By Favour Unukaso THE Minister of Communications and Digital Economy, Prof. Isa Pantami, is excited to hear of the remarkable contribution of the Information and Communications Technology (ICT) sector to Nigeria’s Gross Domestic Product (GDP) in the second quarter of 2022 (Q2 2022). The National Bureau of Statistics (NBS) stated this in the ‘Nigeria’s... Read More