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ICT sectors contribute 18.44% to Nigeria’s GDP, says NBS

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 The National Bureau of Statistics NBS said Information and Communication Technology ICT sector had contributed 18 44 per cent to the Nigeria s Gross Domestic Product Report for Q2 2022 Dr Femi Adeluyi Technical Assistant Research and Development to the Minister of Communications and Digital Economy made this known in a statement on Saturday in Abuja Adeluyi said that the digital economy sector under Prof Isa Pantami has continued its trend of playing a key part in the growth on Nigeria s economy The Minister of Communications and Digital Economy Pantami was very excited to hear of the remarkable contribution of the ICT sector to Nigeria s GDP in the quarter under review According to him the oil sector contributed 6 33 per cent to the total real GDP in Q2 2022 which was lower than the contribution in Q2 2021 and Q1 2022 where it contributed 7 42 and 6 63 respectively The non oil sector s contribution grew by 4 77 per cent in real terms resulting in a 93 67 per cent contribution to the nation s GDP in the Q2 2022 This was higher than Q2 2021 and Q2 2022 where it contributed 92 58 per cent and 93 37 per cent respectively he said Pantami said that the growing contribution of the sector to the GDP was as a result of the commitment of the current administration to the development of the digital economy He said that the unprecedented contribution of ICT to Nigeria s GDP can also be attributed to the dynamic and results oriented leadership of the sector He however said that the Report had shown how critical the ICT sector was to the growth of the country s digital economy and by extension the general economy The diligent implementation of the National Digital Economy Policy and Strategy NDEPS for a Digital Nigeria stakeholder engagement and creation of an enabling environment have all played an important role in this achievement The support of President Muhammadu Buhari has contributed immensely to the impressive developments in the sector The unprecedented contribution of ICT to Nigeria s GDP can also be attributed to the dynamic and results oriented leadership of the sector he said Pantami congratulated stakeholders in the digital economy ecosystem for this cheering news He called on all sectors to take advantage of the Federal Government s new focus on the digital economy to enable and improve their processes through the use of ICTs He added This would enhance the output of all the sectors of the economy and boost Nigeria s GDP NewsSourceCredit NAN
ICT sectors contribute 18.44% to Nigeria’s GDP, says NBS

National Bureau of Statistics

The National Bureau of Statistics (NBS) said Information and Communication Technology (ICT),sector had contributed 18.44 per cent to the ‘Nigeria’s Gross Domestic Product Report’ for Q2 2022.
 

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Femi Adeluyi

Dr Femi Adeluyi, Technical Assistant Research and Development to the Minister of Communications and Digital Economy, made this known in a statement on Saturday in Abuja.
 

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Isa Pantami

Adeluyi said that the digital economy sector under Prof. Isa Pantami has continued its trend of playing a key part in the growth on Nigeria’s economy.
 

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Minister of Communications and Digital Economy

The Minister of Communications and Digital Economy, Pantami, was very excited to hear of the remarkable contribution of the ICT sector to Nigeria’s GDP in the quarter under review.
 

GDP in Q2

According to him, the oil sector contributed 6.33 per cent to the total real GDP in Q2 2022, which was lower than the contribution in Q2 ‘2021 and Q1 ‘2022, where it contributed 7.42% and 6.63%, respectively.
 

“The non-oil sector’s contribution grew by 4.77 per cent in real terms, resulting in a 93.67 per cent contribution to the nation’s GDP in the Q2 ‘2022.
 
“This was higher than Q2 ‘2021 and Q2 ‘2022, where it contributed 92.58 per cent and 93.37 per cent, respectively,”he said.
 

Pantami said that the growing contribution of the sector to the GDP was as a result of the commitment of the current administration to the development of the digital economy.
 

He said that the unprecedented contribution of ICT to Nigeria’s GDP can also be attributed to the dynamic and results-oriented leadership of the sector.
 

He, however, said that the Report had shown how critical the ICT sector was to the growth of the country’s digital economy and, by extension, the general economy.
 

National Digital Economy Policy and Strategy

“The diligent implementation of the National Digital Economy Policy and Strategy (NDEPS) for a Digital Nigeria, stakeholder engagement and creation of an enabling environment have all played an important role in this achievement.
 

Muhammadu Buhari

“The support of President Muhammadu Buhari, has contributed immensely to the impressive developments in the sector.
 

“The unprecedented contribution of ICT to Nigeria’s GDP can also be attributed to the dynamic and results-oriented leadership of the sector,” he said.
 

Pantami congratulated stakeholders in the digital economy ecosystem for this cheering news.
 

Federal Government

He called on all sectors to take advantage of the Federal Government’s new focus on the digital economy to enable and improve their processes through the use of ICTs.
 
He added: “This would enhance the output of all the sectors of the economy and boost Nigeria’s GDP.


 

NewsSourceCredit: NAN

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