General Economy
NBS: ICT sector contributes 17.83% to nation’s economy
The National Bureau of Statistics (NBS), on Monday released Nigeria’s Gross Domestic Product (GDP), report for in the second quarter of 2020 (Q2 2020), showing 17.83 per cent contribution by the Information, Communication and Technology sector. A statement signed by Dr Femi Adeluyi, Technical Assistant, Information Technology, said the Minister of Communications and Digital Economy, Dr Isa Pantami, expressed delight to hear of the growth of Information Communications Technology’s (ICT) contribution to Nigeria’s GDP. According to the NBS, Nigeria’s GDP decreased by minus six to10 per cent, year-on-year, in real terms in the second quarter of 2020. The decrease was largely attributable to significantly lower levels of both domestic and international economic activity during the quarter, whic...
