The Nigerian Communications Commission (NCC) says the telecommunications sector has contributed about $70 billion to the economy.
The Executive Vice Chairman, Professor Umar Danbatta, stated this while delivering a Keynote address at a Cyberchain Conference in Abuja, Nigeria.
He spoke on the topic: “Using technology to grow Nigeria’s GDP”.
Professor Danbatta, who declared that the impact of technology to the nation and the society has been tremendous, said the telecoms sector remains a key driver of the national economy.
Represented by the Principal Manager Digital Economy of the NCC, Mrs Ella Ehi, the NCC Boss explained the adoption of 5G, e-commerce, Fintech, Big data and other platforms have boosted the country’s revenue generation capacity.
He said “Nigeria’s adoption of digital technologies has enabled it to diversify its revenue and economy, create jobs, improve services and efficiency, reduce wastage, and optimize resources available.
“Telecommunications has contributed over $70 billion to the Nigerian economy, provided over 500,000 jobs in the formal and informal sectors, and improved the lives of millions of Nigerians.
“Most Nigerians today cannot comprehend life without mobile phones. Presently, the liberalized telecommunications sector has brought with it, instant messaging, instant information, financial inclusion, telemedicine, smart farming, e-commerce and virtual learning, however, the best is yet to come,” he added.
Earlier in his opening remarks, the Convener, CyberChain Abuja, Jude Ozinegbe, said Nigeria was currently moving in the right direction towards embracing the gains of the tech ecosystem.
