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Nigeria: Telecom sector contributes 8.9% to national GDP in 2016 - NCC

Friday, 03 March 2017 14:45

(Ecofin Agency) - The Telecommunications Industry contributed 8.9% to the national Gross Domestic Product (GDP) of Nigeria compared to the 8.6% recorded in 2015, according to the Nigerian Communications Commission (NCC).

Yesterday, the Deputy Director, Consumer Affairs Bureau at the NCC, Ephraim Nwokenneya, said the rise was due to the increasing number of telecoms subscribers.

According to Nwokenneya, the number of active telecoms lines rose by 535,844 to 154,660.446 in January, from the 154,124.602 in December 2016.

He said 2017 is a special year for consumers, as the commission is dedicated to strengthening its regulatory function so as to ensure fair competition and sustainable growth of the telecoms market. “We believe that huge opportunities still exist for private sector investment and growth for the market,” the official added.

Anita Fatunji





 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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