In the second quarter Gross Domestic Product (GDP) data released yesterday by the National Bureau of Statistics (NBS), activities in Information and Communications Technology (ICT) contributed 19.78 per cent to Nigeria’s real GDP.
This showed a marginal increase in contribution when compared to the 19.54 per cent recorded in the same period last year.
NBS noted that on a quarter-on-quarter basis, the ICT sector also recorded an increase in contribution when compared with the preceding quarter. The NBS data showed that ICT contributed 17.89 per cent to the real GDP in Q1 2024.
According to NBS, the ICT sector comprises the four activities of Telecommunications and Information Services; Publishing; Motion Picture, Sound Recording, and Music Production; and Broadcasting.
The ICT sector in the quarter under review recorded a growth rate of 4.44 per cent year-on-year. This was driven largely by activities…
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