The Executive Vice-Chairman, Nigerian Communications Commission, Prof. Umar Danbatta has said that telecoms investment inflow grew from $38 billion to $77 billion by the second quarter of 2023
Danbatta, who made the disclosure at a media chat with stakeholders in the media industry in Kano on Saturday, revealed that the sector had contributed 16 percent to the nation’s Gross Domestic Product within the period under review.
“From about eight percent contribution to GDP in 2015, when I came on board as the EVC of NCC, quarterly GDP has increased significantly to reach its current threshold of 16 percent.The NCC boss, however, attributed the success to “thorough sustained regulatory excellence and operational efficiency by the commission”, adding that the industry has grown in leaps and bounds over the past two decades.
According to him, telephone users in Nigeria had hit 218.9 million, internet subscribers 159.5 million, while broadband users in the country now are 88.7 million within the period under review.
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