Telecoms Contribute $10bn To Economy Annually – Minister

Telecoms Contribute $10bn To Economy Annually – Minister

Minister of Communications, Barrister Abdul-Raheem Adebayo Shittu has said that the mobile telecommunications ecosystem currently contributes over $10 billion in value added to the Nigerian economy yearly, noting that ICT is the only sector that has recorded a positive growth in the first quarter of this year.

He said that with the upsurge in telephone density cutting across the technology platforms, the telecoms industry has enabled other industries and growth strategies to the Nigerian economy and society. “ICT is the only sector that has recorded a positive growth of about 10 per cent in the first quarter of this year and it has become a major contributor to the nation’s GDP,” he said.

Delivering a keynote address on the theme, “Mobility, Technology and the Nigerian Economy” at the 2016 Information Communication Technology and Telecommunication Expo (2016 ICTEL) organised by the Lagos Chamber of Commerce and Industry, yesterday in Lagos, the minister said the Smart Digital Nigeria project is a suitable ICT platform for diversification of the Nigerian economy.

Shittu said that mobile services have the potential to enable Nigerians benefit from the exchange of information for business and social needs for increase productivity. He said the global quest for ICT for development is enormous to both developed and developing countries because ICT skills are critical to the success of enhancing national development in a globalised era. “In this regard, our government is focused on creating opportunities for citizenship participation in ICT training, knowledge and skills acquisition, and general application and usage of ICT tools to solve problems, promote their wellbeing and enhance national growth,” he added… Read more

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