Nigeria: The telecoms industry’s contribution to the GDP has hit the 15% mark twice in 5 years

Over the past few years, the information and communications technology industry has been one of Nigeria’s fastest-growing industries. In Q4 2023, it was among the top three contributors to the real GDP with 14%. Between 2015 and 2023, its quarterly GDP hit 15% twice.

Source:

Nigerian Communications Commission

Period:

Q1 2019 - Q4 2023

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Nigeria: The telecoms industry’s contribution to the GDP has hit the 15% mark twice in 5 years

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