Nigerian telecommunications and Information Services sector has, in the first quarter 2023, delivered a total of N2.508 trillion in terms of financial value contribution to the nation’s Gross Domestic Product (GDP), representing 14.13 per cent, reports ITREALMS. country.
Figures released by the National Bureau of Statistics (NBS) showed that the sector recorded a 4.3 per cent increase from its performance in the last quarter of 2022 when it recorded 13.55 per cent.
The Information and Communications Technology sector in Nigeria contributed over N17 trillion to the nominal Gross Domestic Product (GDP) to the economy in 2021, reports ITREALMS.
The Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta made this disclosure at the 2022 commemoration of the World Consumer Rights Day held in Abuja.
Only the Nigerian Communications Commission (NCC) and National Bureau of Statistics are the sole authentic data source on telecommunications sector in the country, reports ITREALMS.
Giving this clarification, the Director Public Affairs at NCC, Dr. Ikechukwu Adinde, said in a recent statement available to ITREALMS that the two agencies of the Federal Government are authorities when it comes to data on the industry.
The National Bureau of Statistics (NBS) has revealed that the telecommunications sector under the supervision of Nigerian Communications Commission (NCC) contributed some 12.45 percent to the nation's Gross Domestic Product (GDP), the sector is leading other sectors of the economy in efforts to take Nigeria out of recession, reports ITREALMS.
Latest data released by the National Bureau of Statistics (NBS) made available to ITREALMS, telecommunications & Information Services under Information and Communication grew by 17.64 per cent in the last quarter (Q4) of 2020 from 17.36 per cent in Q3 2020 and 10.26 per cent in Q4 2019.
