Danbatta spoke at an interactive session with stakeholders in the communications media ecosystem in Lagos on Wednesday, according to a statement by Reuben Muoka, director of public affairs at NCC.
“Investment in the telecommunications sector in Nigeria is computed from two sources: the Central Bank of Nigeria , and the financial data obtained from service providers by the commission.“While the CBN collects and calculates an element of the telecoms sector to include FDI, portfolio, and others; the commission collects investment figures from telecom licensees described as domestic investment arising from capital expenditure which form part of the total investment in the industry.
“In the first quarter, the sector contributed 12.94 percent equivalent to N2.246 trillion while the second quarter witnessed an all-time high GDP contribution by the telecom sector to the nation’s economy, standing at 15 percent and valued at N2.593 trillion.
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