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Nigeria: The telecoms industry’s contribution to the GDP has hit the 15% mark twice in 5 years
  • The GDP contribution from the telecom sector increased from 14.13% in Q1 2023 to 16.36% in Q2 2024.
  • The highest contribution (16.36%) was seen in Q2 2024.
  • The telecom sector contributes significantly to GDP, maintaining values above 10% quarterly from Q1 2020 to Q3 2024.
  • The second quarter consistently contributed more to Nigeria’s GDP throughout the observed timeframe.
  • The first and second quarters of 2024 showed an improvement in the sector's contribution to GDP compared to the previous years.

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