NCC: Telecom Sector Contribution to GDP Rose to 13.5% in Q4, 2022

 

The Nigerian Communications Commissions (NCC) says the contribution of the telecom sector to the nation’s Gross Domestic Product (GDP) rose to 13.55 percent as at 4th quarter of 2022 compared to 10.88 percent in the first quarter of 2020.

In its latest industry report, the NCC also put subscriber numbers at 226.1 million as at March 2023, representing a teledensity level of 118.48 percent over the figure of 201.6 million recorded in April 2022.

The report also states that Internet subscription in Nigeria has risen to 157.5 million as at March 2023.

NCC is the regulator of the telecom industry in Nigeria.

spot_img
spot_img
spot_img
spot_img
spot_img

Hot this week

T+1: SEC Insists on 5pm Settlement Deadline for Equities, Commodities on CSCS Platform

The Securities and Exchange Commission (SEC) has fixed 5:00...

Tinubu: Refineries Will Return to Deliver Profit, Welcomes Support by NUPENG

President Bola Ahmed Tinubu said in Abuja refineries will...

NRS Chair: Report of $279m Frontier Exploration Fund Transfer is Fake News

The Executive Chairman of the Nigeria Revenue Service (NRS),...

Former CFI: Regulatory Concession on Recapitalisation Will Undermine Integrity of the Process

The former Commissioner for Insurance/CEO, National Insurance Commission (NAICOM),...

Terrorism: SEC Directs Capital Market Operators to Freeze Assets of 9 Financiers

The Securities and Exchange Commission (SEC) has directed capital...

Topics

Sterling, Aké Festival, Transform Lagos into Dazzling Fusion of Culture, Art, Magic

L-R Mazeedah Olutosin, Submissions Editor at Ouida Books; Maurice...

CBN Welcomes Nigeria’s Removal from FATF Grey List

The Central Bank of Nigeria (CBN) welcomes the Financial...

Linkage Assurance Women Seeks Greater Opportunities for More Relevance

L-R: Mrs. Temitope Abolaji, Marketer, Linkage Assurance Plc; Ms....

Insurance Industry Consultative Council Media Retreat 2019

L: Mr. Richard Borokini, DG, Chartered Insurance Institute of...

Virtual Africa Investors Conference to Provide Platform for Corporates, Investors

Gert Vogel Chief Executive, International Standard Bank Group  In line with current...

Linkage Assurance Reports N33bn in Total Assets in Q3

Linkage Assurance Plc has grown its total assets to...

Fidelity Bank Plc Donates Maternity Kits to Pregnant Women in Yaba, Lagos

Fidelity Bank Plc, a leading financial institution, has donated...
spot_img

Related Articles

Popular Categories

spot_imgspot_img