The telecoms sector, driven by the NCC’s visionary leadership, has emerged as a critical contributor to Nigeria’s Gross Domestic Product (GDP).
The sector accounted for 15.5% of Nigeria’s GDP in Q2 2024, showcasing its impact on economic growth and job creation.
Small and Medium Enterprises (SMEs), which form the backbone of the Nigerian economy, have particularly benefited from improved telecommunications infrastructure, data by the commission revealed.
The NCC’s painstaking efforts in enhancing internet penetration and mobile technology have enabled SMEs to scale operations, access new markets, and drive e-commerce adoption.
The report said the NCC’s approach to regulation, anchored in transparency and accountability, is the key in achieving this feat.
“By regularly publishing comprehensive reports on network performance, subscriber data, and industry trends, the commission ensures that stakeholders are informed and empowered”, the report said.
The NCC reports not only provide clarity to Nigerians but also serve as valuable resources for government agencies, research institutions, and international organizations seeking to understand the dynamics of Nigeria’s telecommunications sector.
