Nigeria’s Telecoms Industry GDP Contribution Hit 12.61% in Q4 2021

The contribution to the Gross Domestic Product (GDP) of Nigeria by the telecommunications industry has continued to rise again after dropping by over 13 percent in the third quarter (Q3) of 2021, according to statistics released by the Nigerian Communications Commission (NCC).

The Statistics in the industry report released by the NCC showed that the telecoms industry GDP contribution to the Nigerian economy increased from 11.94 percent in the third quarter (Q3) of 2021 to 12.61 percent in the last quarter (Q4) of 2021.

The GDP, which had been on consistent rise suddenly began to drop due to the COVID-19 pandemic.

The NCC report also disclosed that the broadband subscriptions in Nigeria are still on the rise despite the COVID-19 pandemic impact on the global economy, which has not spared Nigeria.

The Commission disclosed in the latest report,  that broadband subscriptions rose from 78,041,883 in December 2021 to 79,433,833 in January 2022 while the penetration went up from 40.88% in December 2021 to 41.61% in January 2022.

However, the report showed an up and down movement of the subscription curve during the COVID-19 pandemic just like the penetration figures.

According to the NCC, the teledensity which is defined as the number of active telephone connections per one hundred inhabitants living within an area and is expressed as a percentage figure still holds its rise from the 100 percent mark.

The statistics also revealed that while data subscription moved from 195,463,898 in December 2021 to 197,499,028 January 2022, the teledensity rose from 102.40 percent in the same period to 103.46 percent in January 2022.

The data further revealed that the number of Internet subscribers grew by 1,588,493 from 141,617,023 in December 2021 to 143,205,516 in January 2022.