The contribution of the telecommunications sector to Nigeria’s Gross Domestic Product (GDP) doubled in the last eight years, according to data obtained from the website of the Nigerian Communications Commission (NCC).
According to the statistics, telecoms contribution to GDP in 2012 was 7.7 per cent, but the figure doubled to 14.3 per cent as at the second quarter in 2020. This represented a N2.3 trillion growth, whereas the total contribution of Information and Communications Technology (ICT) to GDP, which was put at 17. 5 per cent.
From the inception of telecoms services in 2001 when the Global System for Mobile Communication (GSM) was rolled out, up till 2015, telecoms contribution to GDP was put at $70 billion…
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