Nigeria’s telecommunications industry, regulated by the Nigerian Communications Commission (NCC), has explained how the telecommunications sector has been the major driver of digital economy.
Disclosing this in a statement released by the NCC, on its official website, it stated that the telecommunications sector has been providing the needed digital sinews that support the economy for the last 5 years.
“The telecommunications sector has, in the last five years been a major driver of the digital economy agenda of the Federal Government, as it has continued to provide the needed digital sinews that support the economy, especially during the COVID-19 pandemic and its attendant restriction period.
“Since the outbreak of the pandemic, government institutions, businesses and individuals have relied heavily on telecoms services to carry out their daily operations and official routines.
“In response to the increased demand, the Commission put a number of regulatory measures in place to ensure seamless access by Nigerians to telecommunication services and protect against any adverse impact on the quality of service enjoyed by consumers.
“The steady growth of the telecoms sector over the years with its pervasive positive impact on all other sectors of the economy in terms of increased automation of processes and digital transformation in service delivery has been remarkable.
“The growth trend since 2015 has reawakened hope that the economic diversification dreams of the country may finally be a reality as the sector continues to energize significant economic activities in the services sector of the economy.” It stated.
In addition, Nigeria’s telecommunications industry is one of the sectors whose performance lifted the country out of recession in the fourth quarter of 2020, contributing 12.45 percent to the country’s Gross Domestic Product (GDP), according to the National Bureau of Statistics.
Read Also: Telecoms Sector, others Take Nigeria out of Recession as Sector Boosts GDP by 12.45%
