Nigeria’s telecommunications sub-sector emerged as one of the best performing sectors of the economy last year as it contributed a total of $33.1 billion (N11.9 trillion) to the country’s nominal Gross Domestic Products (GDP).
This represents a 22.6 percent increase year-on-year when compared with the N9.7 trillion it contributed in 2018. With this, the telecommunications sub-sector accounted for 8.25 percent of the aggregate nominal GDP for the economy in 2019, which stood at N144.2 trillion.
The latest data released by the National Bureau of Statistics (NBS) showed that the information and communications technology sector, led by telecommunications, remained one of the major drivers of the economy…
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