Nigeria’s Danbatta: Telecoms Sector Added N1.5tn to GDP in Second Qtr

15 September 2017

Telecoms

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof Umar Garba Danbatta, has said the telecoms sector contributed N1.549 trillion to the Gross Domestic Product (GDP) in the second quarter of 2017, representing 6.68 per cent increase, up from the N1.452 trillion it contributed in the first quarter of the year.

Speaking while receiving the Chairperson of Liberia Telecommunications Authority (LTA), Angelique Weeks, who paid NCC a courtesy visit yesterday in Abuja, Danbatta said the figures were derived from recently released report of the Bureau of Statistics (NBS) on the economy.

The NBS’s report had confirmed that the telecommunications sector, during the second quarter of 2017, contributed 9.5 per cent to the GDP in contrast to 9.1 per cent contribution in the first quarter of the year. Read the full article on This Day Live here.