By Benprince Ezeh
Telecommunications have made significant impacts in transforming the Nigerian economy, according to Prof. Umar Danbatta, executive vice chairman, Nigerian Communications Commission, NCC.
Danbatta, who stated this at the NCC’s interactive session with the media in Lagos, on Monday, April 16, quoted figures from the National Bureau of Statistics to butress his statement.
According to the National Bureau of Statistics, NBS, in the 1st Quarter of 2017, the telecommunications sector contributed N1.45 trillion to the GDP. In the 2nd Quarter, the figure rose to N1.549 trillion.
“This performance at a period of recession is very remarkable. We are keeping dates with the NBS to indentify and track how these trends progress. On the aggregate, the telecoms industry contribution to GDP in Nigeria stands at 10 per cent per annum in the past four years,” the executive vice chairman said.
However, Danbatta said that the figures may not tell the entire story because investments in the sector, in human and material resources have continued to rise.
– Apr. 19, 2018 @ 19:47 GMT