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he Nigerian telecommunications sector has recorded great success in recent times. One of these achievements is its contribution to the Gross Domestic Product (GDP) of Nigeria, which has significantly increased to 16 percent in the second quarter of 2023.
From a 14.13 percent contribution in the first quarter of 2023, and up from the hitherto 15 percent all-time-high record contributed in the second quarter of 2022, the telecommunications sector added 16 percent to the national GDP in the second quarter of 2023 to set a new record.
„From about eight percent contribution to GDP in 2015, when I came on board as the executive vice chairman of NCC, quarterly GDP has increased significantly to reach its current threshold of 16 percent, and that this has continued to positively impact all aspects of the economy,“ the executive vice chairman of NCC, Prof. Umar Danbatta, affirmed.
Danbatta, while delivering his keynote address at the annual Telecom Executives and Regulators…
Source: Leadership Newspaper
