Home Business Investment in Nigeria’s telecom industry stands at about $70bn – NCC
Investment in Nigeria’s telecom industry stands at about $70bn – NCC

Investment in Nigeria’s telecom industry stands at about $70bn – NCC

0
1

The Nigerian Communications Commission (NCC) says the total investment in the Nigerian telecom industry is currently estimated at $70 billion.

Its Executive Vice Chairman (EVC), Prof. Umar Danbatta, made this known on Thursday in Lagos, during the Nigerian Telecom Leadership Summit 2019.

The summit, organised by NCC, has the theme – ”Repositioning the Nigerian Telecom Industry for the Future: Prospects and Challenges”.

Danbatta said the figures from the National Bureau of Statistics (NBS), at the 4th Quarter of 2018, showed contributions of telecommunications and information services to Gross Domestic Product (GDP) stood at about N1.9 trillion.

He said that the telecom industry was making remarkable contributions to the nation’s GDP as it contributed 9.85 per cent, as at the 4th Quarter of 2018. The EVC said that the figures were very impressive and indicative of a very fast-growing and resilient sector of the economy.

According to him, however, no such industry with these characteristics can be sustained over a long period of time without a corresponding injection of more investments. Investors, on the other hand, are not attracted to environments where returns are in doubt.

 

The Sun

YOUR COMMENTS

Your email address will not be published. Required fields are marked *

14 − five =

Comment(1)

  1. Pingback: Engineering
  2. gamefly free trial says:
    Your comment is awaiting moderation. This is a preview, your comment will be visible after it has been approved.

    Hello, always i used to check web site posts here early in the daylight, since
    i enjoy to learn more and more.

StartUpper of the Year Challenge

WP2Social Auto Publish Powered By : XYZScripts.com
Language Options »