Q2 2022: ICT Contributes 18.44% to Nigeria’s GDP – NBS

The National Bureau of Statistics (NBS) yesterday said Information and Communication Technology (ICT) sector had contributed 18.44 per cent to ‘Nigeria’s Gross Domestic Product Report’ for Q2 2022.

This is as the Minister of Industry, Trade, and Investment, Mr. Niyi Adebayo, said Nigeria is currently working to establish a strategy for e-commerce that will boost the growth of the sector.The Technical Assistant Research and Development to the Minister of Communications and Digital Economy, Dr. Femi Adeluyi, made this known in a statement in Abuja.

Adeluyi said that the digital economy sector under Prof. Isa Pantami has continued its trend of playing a key part in the growth of Nigeria’s economy.According to him, the oil sector contributed 6.33 per cent to the total real GDP in Q2 2022, which was lower than the contribution in Q2 ‘2021 and Q1 ‘2022, where it contributed 7.42 per cent and 6.63 per cent, respectively.

He said that the unprecedented contribution of ICT to Nigeria’s GDP can also be attributed to the dynamic and results-oriented leadership of the sector.He, however, said that the Report had shown how critical the ICT sector was to the growth of the country’s digital economy and, by extension, the general economy.