Telecoms sector contributes N4.84tn to GDP – NBS

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

Telecommunication and Information services contributed N4.84tn to the nation’s real Gross Domestic Product in the first two quarters of 2022 according to data from the National Bureau of Statistics.

Commenting, the Minister of Communications and Digital Economy, Isa Pantami, attributed the growth of the telecoms sector to government’s commitment to a digital economy.

In the ‘Nigeria Medium-Term National Development Plan 2021-2025: Volume II’, the government said it plans to increase the contribution of the ICT sector to GDP to 30 per cent by 2025.The Federal Government stated that it would achieve this increase in the number of jobs from cross-sectoral partnerships and projects; ensure a gigabyte of data is N200 and reduce the gender gap in access to digital tools.

However, over the course of the year, telecom companies have been lamenting how unfavourable operating environment had been negatively impacting their ability to deliver their services optimally. They proposed that the current price floor of calls should be increased from N6.4 to N8.95 while the price cap of SMS should move from N4 to N5.61.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ICT sectors contribute 18.44% to Nigeria’s GDP, says NBS | The Guardian Nigeria News - Nigeria and World NewsThe National Bureau of Statistics (NBS) said Information and Communication Technology (ICT),sector had contributed 18.44 per cent to the ‘Nigeria’s Gross Domestic Product Report’ for Q2 2022.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

NBS: ICT sector records highest input to GDPThe National Bureau of Statistics (NBS) said Information and Communication Technology (ICT), sector had contributed 18.44 per cent to the ‘Nigeria’s Gross Domestic Product Report’ for Q2 2022. Where is the Power driving the ICT growth! 😂😂
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »

Aviation sector’s GDP crashes by 61% amid crisisThe foreign exchange and fuel crises that have plagued the aviation sector seem to have led to a decline in the sector’s contribution to the Gross Domestic Product by 61.47 per cent. So let me guess, time for Nigeria Airways? The present state of this Nigerian government is nothing more than a reflection of the people who make it up...fearnorth
Source: MobilePunch - 🏆 8. / 63 Read more »

Naira Marley's former lawyer convictedJustice Oluwatoyin Taiwo of the Ikeja High Court in Lagos has convicted a lawyer, Taiwo Oreagba, for soliciting a N4 million bribe. Oreagba formerly Some lawyers stole phones and bags 😊 Is this playing 😂😂😂😂
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Badaru: My govt increased Jigawa's GDP from N1.1trn to N2.6trn in seven years | TheCableAbubakar Badaru, governor of Jigawa, says his government has increase the state's Gross Domestic Product (GDP) from N1.1 trillion to N2.26 trillion. Does it match the the level of inflation in the country… please fact check this in another article. By closing importation to rice and raising the price from 7k to 36k
Source: thecableng - 🏆 2. / 80 Read more »

Osinbajo: 10 Nigerian states have bigger GDPs than some African countriesVice-President Yemi Osinbajo says there are 10 states in Nigeria with bigger gross domestic capital (GDP) than some African countries. When your revenue is used for servicing debt, you're a broke nation. Cut down cost of governance. Simple! So our VP boss is still much around. Lol You can't claim to be rich when your debt is x4 of your income. Four states GDP is bigger than most African countries yet Nigeria is in total economy mess does your claims make sense?
Source: thecableng - 🏆 2. / 80 Read more »