ICT Sector Contributes N4.7trn To GDP In 9 Months

By December 14, 2018 Investment News

The Nigerian information and communications technology (ICT) sector has contributed a total of N4.7 trillion to Nigeria’s Gross Domestic Product (GDP) in the first, second and third quarters of the year.

According to statistics released by the National Bureau of Statistics (NBS), in the last quarter (Q3, 2018) the amount stood at N1.5 trillion for the third quarter only. Telecommunications and Information Services Sector grew by 14.7 per cent from Q1, 2017 – Q3, 2018.

Also, the figures show that active voice subscriber base grew from 165,239,443 in October 2018 to 169,104,830 in November 2018. Internet subscription grew from 107,547,723 in October, 2018 to 108,897,679 in November 2018.

Total active broadband Subscription on 3G and 4G platforms as at November 2018 is 58,965,478. On the other hand, broadband penetration as at November 2018 is 30.9 per cent.

 

Source: Leadership