Telecom investment rose to $77billion, says NCC Boss


By Bashir Bello

KANO — The Executive Vice Chairman of, Nigerian Communications Commission, NCC, Professor Umar Garba Danbatta said Telecommunication investment in the country has risen to $77 billion.

The NCC boss said the figure rose from $38 billion when he assumed duty as the EVC of the commission in 2015.

Prof. Danbatta made this known during a media chat with stakeholders in the media industry over the weekend in Kano.

He also boasted that the Telecom industry under his watch has grew and currently accounts for 16 percent out of the 20 per cent contributed by the Information and Communication Technology, ICT to the nation’s Gross Domestic Product, GDP.

According to him, “the largest sector that contributed more to the GDP is Agricultural sector with 23 per cent. The Information and Communication Technology, ICT is the next with almost 20 per cent but out of that Telecom contributes 16 per cent from a little over 8.5 per cent in 2015.


Source: Vanguard Newspaper