Growth demonstrates resilience of private sector

Information and Communications Technology (ICT) has contributed 17.68 per cent to the country’s gross domestic product (GDP). In this contribution, the telecommunications sub-sector leads with a 14.4 per cent addition.

This was revealed by the National Bureau of Statistics (NBS) for the fourth quarter of 2024. This represents an increase from 16.66 per cent recorded in the same quarter of 2023 and 16.35 per cent in the preceding quarter of 2024.

According to the NBS report, the ICT sector’s yearly contribution to real GDP stood at 17.68 per cent in 2024, slightly higher than the 17.34 per cent recorded in 2023.

The NBS report showed that despite this growth, the sector experienced a slowdown in nominal and real terms compared to the previous year.

https://guardian.ng/business-services/business/telecoms-sub-sector-leads-as-ict-contributes-17-7-to-gdp/