The telecommunications sector in Nigeria has contributed a record 16% to the country’s GDP in the second quarter of 2023, according to the Nigerian Communications Commission (NCC).
This is the highest contribution the sector has made to the GDP since the NCC started tracking it in 2015.
The NCC’s Executive Vice Chairman, Prof. Umar Danbatta, said the increase in the sector’s contribution to the GDP is due to the sustained regulatory excellence and operational efficiency of the Commission.
Danbatta said the NCC has also been working to address the challenges facing the sector, such as the issue of right of way (RoW), fibre cuts, high capital requirement for deployment, multiple taxations and regulations.
“Despite these challenges, we are confident that we will reach the 50% broadband penetration threshold by the end of 2023 and the 70% target by 2025,” he said.
Danbatta said the success of the nation’s digital aspirations is beyond technological advancements but also about transforming lives, driving economic growth, and ensuring that a nation remains competitive on the global stage.
“I call on all stakeholders to remain committed to building a brighter and more connected future for Nigeria,” he said.