The telecommunications sub-sector bolstered the country’s Gross Domestic Products (GDP) by $9 billion (N3.7 trillion) in the second quarter of this year. This represented a 2.6 per cent decline when compared with the N3.8 trillion it contributed in the same period in 2020.
However, compared with Q1’21 when the sector’s contribution stood at N3 trillion, the Q2 figure was a 23.3 per cent growth. With this, the telecommunications sub-sector accounted for 9.4 per cent of the aggregate nominal GDP for the economy in Q2, which according to data released by the National Bureau of Statistics (NBS), stood at N39 trillion.
The NBS data showed that the Information and Communications Technology sector, led by telecommunications, remained one of the major drivers of the economy…
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