Telecoms Investment Grew by $42bn in Six Years, Says NCC

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Telecoms Investment Grew by $42bn in Six Years, Says NCC via thisdaylive

The Nigerian Communications Commission has disclosed that telecoms investment grew from about $38 billion in 2015 to over $70 billion currently., attributing the growth to an efficient regulation by the Commission.

It noted that broadband penetration also increased from 6 per cent in 2015 to 45.02 per cent as at December, 2020, indicating that 85.9 million Nigerians are now connected on 3G and 4G networks which provide enhanced high-speed Internet that has continued to boost efficiency and increased productivity across the economic spectrum..

which it exited last week, adding that in the latest gross domestic product released by the National Bureau of Statistics , agriculture, industry and services sector, under which telecommunications isThis, it observed, is a pointer to the fact that telecommunications, trade, services and crop productionThe NCC based its statement on the latest report released by the National Bureau of Statistics ,

According to the NCC, “The telecommunications sector has, in the last five years been a major driver of the digital economy agenda of the federal government, as it has continued to provide the needed digital sinews thatThe Commission noted that since the outbreak of the pandemic, government institutions, businesses and

 

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