The Digest:According to a new report from the National Bureau of Statistics (NBS), Nigeria's telecommunications sector contributed N22.68 trillion to the national nominal GDP in 2023. The data reveals The Economic Divide, with a handful of states leading the contributions and showcasing the sector's outsized role in driving local economies.
Key Points:
- The telecoms sector's total GDP contribution was N22.68 trillion in 2023.
- The top 10 states accounted for 50% of the total contribution.
- Lagos State was the top contributor with N2.74 trillion.
- Lagos's contribution was nearly three times higher than Ogun's.
- Ogun, Kano, Oyo, and Kaduna followed as top contributors.
- The bottom five states contributed less than 4% of total earnings.
- Ekiti, Ebonyi, Yobe, Kebbi, and Taraba were the bottom five contributors.
The NBS data underscores how key states are driving Nigeria's telecoms sector. The concentration of economic output highlights The Economic Divide and the need for more inclusive growth across the nation.
Sources: TheCable
