Afrigather 
Telecom Sector Contributes N2.5trn to GDP In Q1, 2023
The Telecommunications and Info Companies sector in Nigeria contributed N2.508 trillion, representing 14.13 per cent, to the nation’s gross home product, GDP, within the first quarter of 2023 (Q1’23).
The Nationwide Bureau of Statistics (NBS) report confirmed that the sector’s efficiency was an enchancment over the 13.55 p.c recorded by the sector within the final quarter of 2022 (This autumn’22).
When put next on a year-on-year foundation, the expansion confirmed a optimistic development from 12.94 p.c within the first quarter of 2022.
The share of telecom contribution to GDP was calculated from 46 distinct sectors of the economic system, which represent telecom and data providers baskets.
Reacting to this, the Nigerian Communications Fee, NCC, mentioned the Nigerian telecom trade has continued its present of optimistic outlook, which it credited to the progressive telecom regulatory atmosphere promoted and applied by it.
NCC, in a press release yesterday, mentioned: “One of many key highlights of the telecom trade efficiency inside the interval was the era of $820.8 million for the federal authorities from 5G spectrum licenses charges paid by three eventual successful operators, MTN, MAFAB and Airtel.
“Following the issuance of the licenses in December 2021 to MTN and MAFAB, each firms have launched 5G providers. Airtel, which obtained its license in December 2022, is about to launch providers this month, June 2023.
“One other main improvement within the sector was the launch of Starlinks broadband providers, a satellite-based wi-fi broadband service with potential nationwide protection. This adopted the issuance of license to Elon Musk-owned SpaceX by the Fee. The providers at the moment are out there in numerous components of the nation.”
NCC additional acknowledged: “The expansion statistics of the telecom trade is exhibiting a formidable file of contributions to the economic system. The variety of telephone subscribers as at April 2023, stood at 223.6 million subscribers, scoring a teledensity of 117 p.c. Web subscribers for a similar interval had been 157 million whereas Broadband subscriptions stood at 92 Million, translating to 48 p.c broadband penetration within the nation.”
