The Nigerian telecom industry has added 6.68 percent increase on the country’s Gross Domestic Product in the second quarter of 2017, representing an increase from N1.452 trillion recorded in the first quarter of 2016 to N1.549 trillion, Prof Umar Garba Danbatta, Executive Vice Chairman, Nigerian Communications Commission (NCC), has said.
The NCC boss who revealed this figures during a courtesy visit in Abuja by Madam Angelique Weeks, chairperson of Liberia Telecommunications Authority (LTA), said the data originated from the Nigerian Bureau of Statistics (NBS’s) recent report on the Nigerian economy.
According to the report, the telecommunications sector contributed 9.5 per cent to the GDP in the second quarter of 2017 which is an increase from the 9.1 per cent contribution recorded in the first quarter of the same year.
“We are very proud of the remarkable contribution the sector is making. Even at the recent times when the whole economy was facing challenges, the sector had remained resilient and stable,” the NCC boss said.
He also revealed that the NCC has observed a tremendous increment on the amount of data used in the country, adding that the monthly data usage is about 40 million terabytes.
Continuing, he NCC boss stated that the broadband penetration in Nigeria still stands at 21 per cent, as the country moves closer to 30 per cent penetration in 2018, an ambitious move to achieve the National Broadband target.
He, conversely, stated hopefully that Nigeria would experience an enormous ICT revolution by the time the infracos finally get licensed, a process which would see the excess data capacity at landing point in Lagos is positioned to the locality.
He revealed that the “Commission has permitted spectrum trading consistent with an item of the 8-Point Agenda, optimizing the use and benefits of spectrum, to ensure that no acquired spectrum is left unutilized.”