June 18, 2024
Nigeria’s Telecom Contribution To GDP Hits 16%
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Nigeria’s Telecom Contribution To GDP Hits 16%

Telecommunications contribution to the nation’s Gross Domestic Product (GDP) increased significantly to 16 percent in the second quarter of 2023.

Speaking at the annual Telecom Executives and Regulators Forum, in Lagos yesterday, the NCC Executive Vice Chairman, Prof. Umar Danbatta, said the figure is up from a 14.13 percent contribution in the first quarter of 2023.

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It also surpasses a previous 15 percent all-time-high record which was contributed in the second quarter of 2022.

The latest figures are contained in data reported by the Nigerian Communications Commission (NCC) based on the computation by the Nigeria Bureau of Statistics.

    • 9 months ago

    […] READ ALSO: Nigeria’s Telecom Contribution To GDP Hits 16% […]

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