The contributions of telecommunications to the nation’s real Gross Domestic Product increased by 10.52 per cent year-on-year to hit $16.2bn in the first nine months of 2022.
In the corresponding period of 2021, the sector contributed $14.7bn to real GDP. According to the National Bureau of Statistics, the sector contributed $26.7bn to nominal GDP within the period under review, a 17.83 per cent y-o-y increase from the $22.7bn it was in the corresponding period of 2021.
The NBS explained the gross output of telecoms and information services as, “Revenue from telephone, telex, facsimile, telegraph, and other income from satellite and internet services.
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