Home » Business » 2019 IT News Review (1): Telecoms Impressive Growth Statistics Under Strong Regulation

2019 IT News Review (1): Telecoms Impressive Growth Statistics Under Strong Regulation

IT News Nigeria:

  • Teledensity increased to 94.50 percentI
  • Internet subscribers hits 123,559,596
  • Active mobile voice subscribers tops 180,386,316 in October

Nigeria telecoms industry stands head above shoulders in 2019 in the face of serious challenges that faced the country. The sub-sector recorded impressive mile stones thanks to the regulatory excellence of the Nigerian Communications Commission (NCC) under the leadership of Prof. Umar Garba Danbatta.

NCC, in 2019, carried out a number of regulatory activities towards ensuring increased access to telecoms services,  increased consumer education and protection, boosting security of lives and property, sanitising the industry while also driving other initiatives aimed at boosting innovation in the telecoms sector and continuously galvanising the country’s overall economic growth.

Generally, despite challenges confronting the telecoms sector, the sector was able to recording impressive statistics during the year, courtesy of smart and effective regulatory role of the Nigerian Communications Commission (NCC), resulting in greener outlook from January 2019 till date.

Telecoms continues to be a major contributor to the nation’s economy, according to data from the National Bureau of Statistics (NBS). Telecom’s contribution to national gross domestic product (GDP) for the 1st Quarter and 2nd Quarter of 2019 stood at 10.11 percent and 11.39 percent respectively.  These contrast with 9.19 percent and 10.43 percent contribution in the 1st Quarter and 2nd Quarter of 2018 respectively. Broadly speaking, general Information and Communication Technology (ICT) contribution to GDP has increased to 13.8 percent currently.

Active mobile voice subscribers increased from 174,012,136 in January, 2019 to 180,386,316 at the end of October, 2019 (which is the latest data in the industry, as posted on the NCC official website). Teledensity has also increased to 94.50 percent while internet subscribers increased from 114,306,598 to 123,559,596 during the period under review.

READ ALSO  Placing Ekiti ahead: Why Gov Fayemi slashes Right-of-Way Charges from N4,500 to N145

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

FirstBank

FirstBank Announces Appointment Of Mrs. Oluwande Muoyo As Non-Executive Director

First Bank of Nigeria Limited, Nigeria’s ...

paxful

Paxful aims to offer easy and affordable global payment solutions

Paxful says it is making international ...

FBN Insurance Brokers

FBN Insurance Brokers announces free webinar to sensitise SMEs on risks, cyber security

FBN Insurance Brokers  has announced a webinar ...

FirstBank

FirstBank graduates new SMDP candidates in 3rd edition

FirstBank has graduated 12 successful candidates ...

paxful

Paxful Expands Beyond Bitcoin, Adds Tether to its Platform

Paxful says users can now convert ...