ICT adds 5 per cent to Nigeria’s GDP

ICT adds 5 per cent to Nigeria’s GDP

The Information and Communications Technology (ICT) sector has contributed about 5.46% growth to the nation’s gross domestic product (GDP) between 2011 and 2012, making it the fastest growing in the economy within the period.

Minister of Communications Technology, Mrs. Omobola Johnson, yesterday said this while giving account of her ministry’s activities during the past one year, at the Ministerial Platform in Abuja.

She noted that the increase was a clear reflection of how proper investment plan in the ICT sector can rapidly transform the economy.

Johnson said the country needed to invest huge amount of money to build ICT infrastructure to increase growth in future. The Minister also said such investments has to be domestic value added and accommodate local participants to ensure further penetration in the sector.

Johnson said the country is challenged in getting this capacity inland to overcome the shackles that have held down the sector and prevented most Nigerians from having access to telecommunication services.

According to Johnson, the “58% mobile penetration, which when compared to other African countries reflects the need for growth.” With a base of 52 million Internet users, Internet subscription in the country is about 3.6%, Johnson added.

While counting her achievements over the last one year, the Minister said the Ministry has focused more on creating an enabling environment for the accelerated roll-out plan of a robust reliable and cost effective ICT infrastructure that will increase citizen access to ICTs.

Others, according to the minister, include “efficient spectrum allocation, federal right of way approval, site approval for base stations, interconnecting existing fiber optic backbone and critical national infrastructure build.”