The telecommunications sector’s contribution to the Gross Domestic Product (GDP) grew to 10.88 per cent in the first quarter of 2020.
This was contained in data released by the Nigerian Communications Commission (NCC), which suggested the 10.88 per cent contribution remains the second highest by the telecoms sector to the GDP.
The telecoms sector contributed 11.39 per cent to Nigeria’s GDP in the second quarter of 2019, the highest so far but analysis of the statistics showed a steady growth in percentage contribution of the sector to the GDP since year 2012, when the commission started computing its GDP contribution to the Nigerian economy.
The Commission is responsible for creating an enabling environment for competition among operators in the industry as well as ensuring the provision of qualitative and efficient telecommunications services throughout the country.
The NCC has earned a reputation as the foremost Telecoms regulatory agency in Africa.
The Commission is hoping to catalyze the use of ICT’S for various aspects of national development.
The Commission has initiated several programmes such as State Accelerated Broadband Initiative (SABI) and Wire
Nigeria Project (WIN) to help stimulate demand and accelerate the uptake of ICT tools and services necessary for the enthronement of a knowledge society in Nigeria.