NCC to increase telecom GDP contribution to 22% by 2027

Nigeria Communication Commission (NCC) is set to increase the contribution of the telecommunication sector to Gross Domestic Product (GDP) contribution to 22 per cent  by the year 2027.

The telecommunications sector contribution to the nation’s Gross Domestic Product (GDP)  increased significantly to 16 per cent in the second quarter of 2023 from a 14.13 per cent contributed in the first quarter of 2023, and up from the  15 per cent recorded in the second quarter of 2022,

Executive Vice Chairman/Chief Executive Officer of NCC, Mr Aminu Maida who disclosed this in Lagos at a conference on how to reposition the nation’s economy said the Commission planned to increase the annual net revenue of the telecommunications sector to the Federal Government by 100 per cent over the next four years, achieve at least 15 per cent year-on-year increase in investments into the telecommunications sector.

Another target set by the Commission according to him is to have a 50 per cent improvement in Quality of Service (QoS) by the end of next year, and reduce the access gap in rural areas to less than 20 per cent by 2027.

He said that the reimagining of the communication sector is driven by five pillars which are interwoven with each other to deliver on the goal of fostering economic growth and development.

He said that these pillars which include policy, infrastructure, innovation, entrepreneurship and capital, trade, and knowledge, are the bedrock of the Strategic Vision Plan (2023 – 2025) and form the guide to channel our efforts to harness the potential of the telecommunications sector and drive positive change in Nigeria.

He said the vision aimed” to accelerate the growth of Nigeria as a global technical talent hub and a net exporter of talent, to deepen and accelerate our position in global research in key technology areas and raise the complexity and dynamics of our economy by significantly increasing the level of digital literacy across Nigeria.”

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