The telecommunication sector contribution to the Gross Domestic Product has risen from 8.5 percent in 2015 to 14.3 percent as at September 2020, amounting to N2.272 trillion.
He told the lawmakers that the commission paid over N344 billion into the Consolidated Revenue Fund of the federation within the period under review, an average of N70 billion annually. He explained even though the population stands at about 200 million, it was possible to have such a figure of active subscribers because “while some people have one active line, others have two or three active lines”.
“Indeed, we are seeking support of this committee to participate and attain the target of the federal government of 80 percent financial inclusion by 2023.”
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