{"id":8312,"date":"2016-09-08T17:55:03","date_gmt":"2016-09-08T16:55:03","guid":{"rendered":"http:\/\/nationalwire.com.ng\/?p=8312"},"modified":"2016-09-08T17:55:03","modified_gmt":"2016-09-08T16:55:03","slug":"telecom-sector-investment-hits-68b-makes-biggest-contribution-to-gdp-in-6-years","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/telecom-sector-investment-hits-68b-makes-biggest-contribution-to-gdp-in-6-years\/","title":{"rendered":"Telecom Sector Investment Hits $68b, Makes Biggest Contribution To GDP In 6 Years"},"content":{"rendered":"

\"NCC\"<\/a><\/p>\n

Telecom Sector Investment Hits $68b, Makes Biggest Contribution To GDP In 6 Years<\/strong><\/p>\n

The Nigerian Communications Commission (NCC) has revealed that investment in the telecommunication sector has increased to $68.2 billion from $50million in 2001 and has recorded its biggest contribution of 9.8 percent to the nation\u2019s Gross Domestic Product in six years<\/p>\n

This was revealed according to remarks by the NCC Executive Vice Chairman, Prof. Umar Garba Danbatta, and details from the National Bureau of Statistics (NBS).<\/p>\n

Danbatta, during a meeting with 22 Defence Attach\u00e9 and Advisors from different embassies, led by Commodore Aminu Hassan, Deputy Director of Foreign Liaison, Nigerian Defense Intelligence Agency, said the development was due to the huge potentials and the resilient nature of the sector despite the present economic situation in the country.<\/p>\n

He added that the number of active GSM subscribers has increased from about 400,000 in 2002 to 150 million in 2016, stressing that the commission had recently granted license to two infrastructures companies for the development of facilities in the North central and Lagos.<\/p>\n

\u201cEven with Nigeria going through recession which is now a global phenomenon with the exception of U.S, Iran and a few other countries, you can see that the telecom sector in Nigeria is resilient and with huge potentials for growth,\u201d he said.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

\u201cIn the first quarter of the year 2016 against all negative predictions, the telecom sector contributed about 1.4 trillion naira to the GDP and now in the second quarter of 2016, it has contributed over 1.6 trillion naira. This is a credible statistic from the National Bureau of Statistic.\u201d<\/p>\n

The NBS, in a report, also revealed that the sector contributed as much as N1.6 trillion to the nations GDP in the second quarter of 2016.<\/p>\n

\u201cIn real terms, the telecommunications sector contributed N 1,580 billion to GDP in the second quarter of 2016, or 9.8%, which represents an increase of 1.0% points relative to the previous quarter,\u201d the report read.<\/p>\n

\u201cThis is the largest contribution to GDP made from this sector in the rebased period, which emphasises that growth in telecommunications has remained robust when compared to total GDP.<\/p>\n

\u201cHowever due to differing seasonal patterns, the contribution from telecommunications is usually the largest in the second quarter.<\/p>\n

\u201cThe share of telecommunications in total real GDP had declined throughout 2010 to 2014, but for the last five quarters growth in telecommunications has been higher, meaning the trend has reversed.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Telecom Sector Investment Hits $68b, Makes Biggest Contribution To GDP In 6 Years The Nigerian Communications Commission (NCC) has revealed that investment in the telecommunication sector has increased to $68.2 billion from $50million in 2001 and has recorded its biggest contribution of 9.8 percent to the nation\u2019s Gross Domestic Product in six years This was …<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[748,648,800],"coauthors":[2392,2393],"class_list":["post-8312","post","type-post","status-publish","format-standard","","category-business","category-news","tag-nbs","tag-ncc","tag-telecomms"],"yoast_head":"\nTelecom Sector Investment Hits $68b, Makes Biggest Contribution To GDP In 6 Years - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/telecom-sector-investment-hits-68b-makes-biggest-contribution-to-gdp-in-6-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Telecom Sector Investment Hits $68b, Makes Biggest Contribution To GDP In 6 Years - National Wire\" \/>\n<meta property=\"og:description\" content=\"Telecom Sector Investment Hits $68b, Makes Biggest Contribution To GDP In 6 Years The Nigerian Communications Commission (NCC) has revealed that investment in the telecommunication sector has increased to $68.2 billion from $50million in 2001 and has recorded its biggest contribution of 9.8 percent to the nation\u2019s Gross Domestic Product in six years This was …\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/telecom-sector-investment-hits-68b-makes-biggest-contribution-to-gdp-in-6-years\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-08T16:55:03+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/nationalwire.com.ng\/wp-content\/uploads\/2016\/09\/NCC-150x150.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dayo Emmanuel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/telecom-sector-investment-hits-68b-makes-biggest-contribution-to-gdp-in-6-years\/#primaryimage\",\"url\":\"http:\/\/nationalwire.com.ng\/wp-content\/uploads\/2016\/09\/NCC-150x150.jpg\",\"contentUrl\":\"http:\/\/nationalwire.com.ng\/wp-content\/uploads\/2016\/09\/NCC-150x150.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/telecom-sector-investment-hits-68b-makes-biggest-contribution-to-gdp-in-6-years\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/telecom-sector-investment-hits-68b-makes-biggest-contribution-to-gdp-in-6-years\/\",\"name\":\"Telecom Sector Investment Hits $68b, Makes Biggest Contribution To GDP In 6 Years - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/telecom-sector-investment-hits-68b-makes-biggest-contribution-to-gdp-in-6-years\/#primaryimage\"},\"datePublished\":\"2016-09-08T16:55:03+00:00\",\"dateModified\":\"2016-09-08T16:55:03+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f\"},\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/telecom-sector-investment-hits-68b-makes-biggest-contribution-to-gdp-in-6-years\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/telecom-sector-investment-hits-68b-makes-biggest-contribution-to-gdp-in-6-years\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/telecom-sector-investment-hits-68b-makes-biggest-contribution-to-gdp-in-6-years\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Telecom Sector Investment Hits $68b, Makes Biggest Contribution To GDP In 6 Years\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f\",\"name\":\"Dayo Emmanuel\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/dayo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Telecom Sector Investment Hits $68b, Makes Biggest Contribution To GDP In 6 Years - National Wire","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/telecom-sector-investment-hits-68b-makes-biggest-contribution-to-gdp-in-6-years\/","og_locale":"en_US","og_type":"article","og_title":"Telecom Sector Investment Hits $68b, Makes Biggest Contribution To GDP In 6 Years - National Wire","og_description":"Telecom Sector Investment Hits $68b, Makes Biggest Contribution To GDP In 6 Years The Nigerian Communications Commission (NCC) has revealed that investment in the telecommunication sector has increased to $68.2 billion from $50million in 2001 and has recorded its biggest contribution of 9.8 percent to the nation\u2019s Gross Domestic Product in six years This was …","og_url":"https:\/\/nationalwire.com.ng\/sub\/telecom-sector-investment-hits-68b-makes-biggest-contribution-to-gdp-in-6-years\/","og_site_name":"National Wire","article_published_time":"2016-09-08T16:55:03+00:00","og_image":[{"url":"http:\/\/nationalwire.com.ng\/wp-content\/uploads\/2016\/09\/NCC-150x150.jpg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Dayo Emmanuel","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/nationalwire.com.ng\/sub\/#website","url":"https:\/\/nationalwire.com.ng\/sub\/","name":"National Wire","description":"About Nigerians, Nigerian Business and Other Stories","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalwire.com.ng\/sub\/telecom-sector-investment-hits-68b-makes-biggest-contribution-to-gdp-in-6-years\/#primaryimage","url":"http:\/\/nationalwire.com.ng\/wp-content\/uploads\/2016\/09\/NCC-150x150.jpg","contentUrl":"http:\/\/nationalwire.com.ng\/wp-content\/uploads\/2016\/09\/NCC-150x150.jpg"},{"@type":"WebPage","@id":"https:\/\/nationalwire.com.ng\/sub\/telecom-sector-investment-hits-68b-makes-biggest-contribution-to-gdp-in-6-years\/#webpage","url":"https:\/\/nationalwire.com.ng\/sub\/telecom-sector-investment-hits-68b-makes-biggest-contribution-to-gdp-in-6-years\/","name":"Telecom Sector Investment Hits $68b, Makes Biggest Contribution To GDP In 6 Years - National Wire","isPartOf":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationalwire.com.ng\/sub\/telecom-sector-investment-hits-68b-makes-biggest-contribution-to-gdp-in-6-years\/#primaryimage"},"datePublished":"2016-09-08T16:55:03+00:00","dateModified":"2016-09-08T16:55:03+00:00","author":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f"},"breadcrumb":{"@id":"https:\/\/nationalwire.com.ng\/sub\/telecom-sector-investment-hits-68b-makes-biggest-contribution-to-gdp-in-6-years\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalwire.com.ng\/sub\/telecom-sector-investment-hits-68b-makes-biggest-contribution-to-gdp-in-6-years\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalwire.com.ng\/sub\/telecom-sector-investment-hits-68b-makes-biggest-contribution-to-gdp-in-6-years\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalwire.com.ng\/sub\/"},{"@type":"ListItem","position":2,"name":"Telecom Sector Investment Hits $68b, Makes Biggest Contribution To GDP In 6 Years"}]},{"@type":"Person","@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f","name":"Dayo Emmanuel","url":"https:\/\/nationalwire.com.ng\/sub\/author\/dayo\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/8312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/comments?post=8312"}],"version-history":[{"count":1,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/8312\/revisions"}],"predecessor-version":[{"id":8313,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/8312\/revisions\/8313"}],"wp:attachment":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media?parent=8312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/categories?post=8312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/tags?post=8312"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/coauthors?post=8312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}