According to the National Bureau of Statistics (NBS), the information and communication technology (ICT) industry contributed 18.44% to Nigeria's GDP report for Q2 2022.
Dr. Femi Adeluyi, Technical Assistant, Research and Development to the Minister of Communications and Digital Economy, announced this on Saturday in Abuja.
Adeluyi claimed that the development of Nigeria's economy has continued to be significantly aided by the sector of the digital economy under Prof. Isa Pantami.
Pantami, the minister of communications and digital economy, was overjoyed to learn of the ICT sector's outstanding contribution to Nigeria's GDP during the quarter under consideration.
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% and 6.63%, respectively.
“The non-oil sector’s contribution grew by 4.77 per cent in real terms, resulting in a 93.67 per cent contribution to the nation’s GDP in the Q2 ‘2022.
“This was higher than Q2 ‘2021 and Q2 ‘2022, where it contributed 92.58 per cent and 93.37 per cent, respectively,” he said.
Pantami said that the growing contribution of the sector to the GDP was as a result of the commitment of the current administration to the development of the digital economy.
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.
“The diligent implementation of the National Digital Economy Policy and Strategy (NDEPS) for a Digital Nigeria, stakeholder engagement and creation of an enabling environment have all played an important role in this achievement.
“The support of President Muhammadu Buhari, has contributed immensely to the impressive developments in the sector.
“The unprecedented contribution of ICT to Nigeria’s GDP can also be attributed to the dynamic and results-oriented leadership of the sector,” he said.
Pantami congratulated stakeholders in the digital economy ecosystem for the cheering news.
He called on all sectors to take advantage of the Federal Government’s FG new focus on the digital economy to enable and improve their processes through the use of ICTs.
He added: “This would enhance the output of all the sectors of the economy and boost Nigeria’s GDP.