Telecoms Industry Contributes 10.88 percent to GDP in Q1, 2020

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The Nigerian Communications Commission inline with consistent with Section 89 Subsection 3(d) of the Nigerian Communications Act 2003 (NCA 2003), the Commission is mandated to monitor and report on the state of the Nigerian telecommunications industry, provide statistical analyses and identify industry trends with regard to services, tariffs, operators, technology, subscribers, issues of competition and dominance, etc. with a view to identifying areas where regulatory intervention would be needed;

The latest Nigerian telecommunications industry data as gathered from regular studies, surveys and reports, conducted and collected by the Nigerian Communications Commission (NCC) showed telecoms Industry Contribution to GDP grow by 0.28 percent to 10.88 percent from 10.60 percent in Q1, 2020

 

In view of this, the Commission regularly conducts studies and surveys and produces reports on the telecommunications industry, and telecommunications operators are obligated, under the terms of the licenses, to provide the NCC with such data on a regular basis for analytical review and publishing.

 

According to the newly released data by the Nigerian Communications Commission (NCC) show an increase in the telecommunications industry’s contribution to the Gross Domestic Product (GDP) of Nigeria

 

The data has showed telecoms industry has contributed 10.88% to Nigeria’s GDP in the first quarter of 2020.

The statistics disclosed that this sector contributed 10.88 per cent to the country’s GDP during the first quarter of 2020. This is a 0.28 per cent increase from the 10.60 per cent recorded for the first quarter of last year.

 

The percentage contributed to the Gross Domestic Product (GDP) of Nigeria by the telecommunications industry has been on increase over three quarters.

 


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