Saturday, June 14, 2025
26 C
Lagos

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

Hot this week

NGX Group Chaiman, Umaru Kwairanga, Extols China-Africa Trade Expo 2025

By Umaru Kwairanga It is an honour and a privilege...

Sterling Bank Floats N2bn Private University Scholarships for Young Nigerians

Nigeria’s most forward-looking financial institution, Sterling Bank, has announced...

Emirates SkyCargo Bolsters Connectivity between Europe, Global Network

Emirates SkyCargo, the cargo arm of the world’s largest...

NCC, Stakeholders Tackle Rural Connectivity Challenges

The Nigerian Communications Commission (NCC) has collaborated with the...

CBN Debunks Report on BDC Recapitalisation Deadline

The Central Bank of Nigeria (CBN) has debunked a...

Topics

Samsung Unveils Galaxy Note9 into the Nigerian Market

Samsung’s newest flagship Smartphone, the Galaxy Note9 is now...

Freedonia: Global Demand for Fuel Additives to Surge by 2016

Global demand for fuel additives will increase 4.7%/year to...

Stanbic IBTC Bank Named by PenCom for Funding of RSA-Backed Mortgage

  Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings,...

FCMB May Shut 36 Branches to Save Cost

There are growing indications that First City Monument Bank...

Access Bank Poised for Greater Performance Beyond H1-18 Result

Access Bank Plc in its latest result for H1-2018,...

Group Cautions Orjiako Against Destroying Seplat

   Ahead of its Quarterly State of The Nation Review...

Equities Market Extends Gains … NSE ASI Up 2.4%

The equities market opened the week positive, extending gains...
spot_img

Related Articles

Popular Categories

spot_imgspot_img