The Nigerian Communications Commission (NCC)) has reported that the telecommunications and information services sector generated N2.508 trillion as revenue to the federation account in the first quarter 2023, representing 14.13% to the nation’s gross domestic product (GDP) during the quarter.
Data released by the National Bureau of Statistics (NBS) showed that the sector recorded a 4.3 basis points increase from its performance in the last quarter of 2022 when it recorded 13.55 per cent.
When compared on a year-on-year basis, the growth showed a positive progression from 12.94 per cent in the first quarter of 2022 , to the 2023 figure of 14.13, which is an approximate growth of 9.19 basis points.
A statement by the commission’s Director, Public Affairs, Mr. Reuben Muoka, on the performance of the sector in the quarter under review indicated that the percentage of telecom contribution to GDP was calculated from 46 distinct sectors of the economy, which constitute telecom and information services baskets.
According to the spokesperson, the Nigerian telecom industry has continued its show of positive outlook, which is credited to the innovative and predictable telecom regulatory environment promoted, and implemented by the Nigerian Communications Commission (NCC).
One of the key highlights of the telecom industry performance within the period was the generation of $820.8 million for the Federal Government from 5G spectrum licences fees paid by three eventual winning operators, MTN, MAFAB and Airtel.
Following the issuance of the licences in December 2021 to MTN and MAFAB, both companies have launched 5G services. Airtel, which received its licence in December 2022, is set to launch services this month, June 2023.
Another major development in the sector was the launch of Starlinks broadband services, a satellite-based wireless broadband service, with potential nationwide coverage. This followed the issuance of licence to Elon Musk-owned SpaceX by the Commission. The services are now available in different parts of the country.
Meanwhile, the growth statistics of the telecom industry showed that the number of phone subscribers as at April 2023, stood at 223.6 million, indicating a teledensity of 117%.
Similarly, Internet subscribers for the same period stood at 157 million while broadband subscriptions totalled 92 million, representing 48% of phone subscribers.
