Nigeria: Telecoms Sector Contributes 10.88% To GDP | TimeTestedNews

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Records available at the Nigerian Communications Commission (NCC) indicate that in the first quarter (Q1) of 2020, the telecoms sector contributed 10.88 per cent to the country’s Gross Domestic Products (GDP), a 0.28 per cent rise from the 10.60 per cent growth recorded in Q4 2019.

Compared to the corresponding period of Q1 2019, the data shows that telecoms contributions to GDP grew by 0.77 per cent. Specifically, Q1 2019 pulled a 10.11 per cent growth.

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Also, the Minister of Communications and Digital Economy, Dr. Isa Pantami, disclosed that digital technology has so far contributed 4.07 per cent to the GDP in 2020.