Telecoms contributes 8.5% to Nigeria’s GDP, says NCC

The Nigerian Communications Commission, the telecoms industry umpire, has declared that the telecommunications industry in Nigeria currently contributes about 8.5 per cent to the national Gross Domestic Product (GDP) in the country.

Disclosing this at the 2013 Nigerian Telecoms Development Lecture, NITDEL, organised by Logica Group, in Lagos, the NCC Chairman, Mr. Peter Igho, said the industry is now second to oil and gas sector in terms of GDP contribution.

Speaking in a keynote address, Igho, who was represented at the annual event by the Commission’s Director, Public Affairs, Mr. Tony Ojobo, said, “The rapid deployment of digital mobile services across the country and speed at which they are being subscribed to, has demonstrated the importance of ICT services to the people.”

According to him, at 120 million active lines as at June this year, and teledensity of more than 85 per cent from 0.4 per cent in 2001, many citizens were in full realisation of how Information and Communication Technology contributes to societal development whether in terms of business or governance.

“There are many areas that have been positively affected by Nigeria’s ICT, including direct and indirect employment, new business opportunities, learning and skills development opportunities, and in our human relationships.

We are delighted to note that at telecommunications is currently contributing more than 8.5 per cent to the national Gross Domestic Product,” he said. Igho stated that the economic development of a nation can be accelerated by improvements in the country’s ICT infrastructure has been widely established.

He said, “The explosion in technology which ushered in the information age has become the basis for defining power in the modern world. No modern economy can thrive without an integral information technology and telecommunications infrastructure.

This is because ICTs provide the veritable platform for development across the economic and other sectors if well harnessed.” He explained that ICT tools were enablers of broad-based social and economic development. “ICTs not only contribute to the development of education, health and governance, but are also key enablers of sustainable human development in a more general sense.”

Also speaking, Chairman, Logical Communications, Otunba Biodun Ajiboye, who also stated the role of teelcoms in boosting a nation’s GDP, said telecoms industry today remained the fastest growing sectors in Nigeria whose activity now provides the backbone for faster growth and modernisation of other sectors.

“This is why telecoms industry must be seen as very fundamental to the economy and why government at the federal, state and local levels should collaborate with the players in the industry to ensure that maximum protection is provided for their physical infrastructures in order for individuals and businesses to continue to enjoy improved quality of telecoms services,” he said.

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