30 results
- 22 Feb 2024
Nigeria’s GDP Grew by 3.46% in Q4 2023
National Bureau of Statistics (NBS) has revealed in a new report that Nigeria’s gross domestic product (GDP) grew by 3.46 percent in the fourth quarter (Q4) of 2023. In its GDP report for Q4 released…
- 4 May 2025
FG Faults AfDB's Adesina on Nigeria's GDP Per Capita Figures
The Presidency has faulted claim of Akinwumi Adesina, president, African Development Bank (AfDB), on the current Nigeria’s Gross Domestic Product (GDP) per capita figures versus the level it was in…
- 26 Aug 2024
Nigeria's GDP Growth Rises to 3.19% in Second Quarter of 2024
Nigeria's economy showed signs of resilience in the second quarter of 2024, with the nation's real Gross Domestic Product (GDP) growing by 3.19%, a slight increase from the 2.98% growth recorded in…
- 8 Apr 2014
Tax Revenue Ratio to GDP Drops to 12%
Dr. Ngozi Okonjo-Iweala, the Coordinating Minister for the Economy, yesterday said that the tax revenue ratio to the country's Gross Domestic Product (GDP) had declined from 20 per cent to 12 per…
- 25 May 2021
Pantami Expresses Delight as ICT Contributes 6.47% to GDP in Q1, 2021
Dr Isa Pantami, Minister of Communications and Digital Economy has expressed delight at the 6.47 per cent contribution by the ICT sector to the nation’s Gross Domestic Product (GDP) in the first…
- 25 May 2024
Nigeria’s GDP Growth Declined By 2.98 Percent In Q1 2024 - NBS
National Bureau of Statistics (NBS) on Friday said Nigeria’s Gross Domestic Product (GDP) declined by 2.98 per cent in the first quarter (Q1) of 2024. In its latest report, the bureau put the…
- 9 Sept 2019
Pantami Extols ICT’s Contribution to GDP
Dr Isa Ali Ibrahim Pantami, minister of Communications has extolled ICT’s contribution on the nations GDP in the second quarter 2019. This is coming against the backdrop of report released by…
- 1 Jun 2026
Telecom Boom: NCC Says Sector’s GDP Contribution Hit 8.12% as Growth Soars to 26.34%
Nigeria’s telecommunications sector contributed 8.12 per cent to the nation’s Gross Domestic Product (GDP) in the fourth quarter of 2025, reaffirming its position as one of the key drivers of…
- 3 Jul 2016
Rise of Disruptive Technologies Vital to Nigeria’s GDP - Airtel
Airtel Nigeria, has described disruptive technologies will contribute significantly to the nation’s Gross Domestic Product (GDP) if ICT start-ups are encouraged to create innovations that deliver…
- 27 Nov 2016
Telecoms Sector Soars, Adds N1.398Trillion to GDP in Q3 2016
With a contribution of nearly N1.4 Trillion (1.11 percent growth in the real term) to the Gross Domestic Product (GDP) in the third quarter of 2016, the telecommunications sector still remains the…
- 2 Dec 2025
Nigeria’s GDP Rises to 3.98% in Q3 2025, Driven by Agriculture, ICT, and Finance
Nigeria’s economy expanded by $3.98$ per cent in the third quarter of 2025, according to the latest Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS) on Monday.…
- 8 May 2017
Lagos GDP Hits $136Bn
Lagos State governor, Akinwunmi Ambode, has described the state as the fastest growing mega city in the world, just as he revealed that its Gross Domestic Product GDP has hit $136 billion. He also…
- 10 May 2024
GSMA Report Highlights Telecom Sector's Contribution to Nigeria's GDP
A recent Groupe Spécial Mobile Association (GSMA) digital economy report has cast a spotlight on the significant contributions of Nigeria's telecom sector to the nation's GDP, highlighting its…
- 29 Jun 2020
5G to Contribute Over $7.5tn to Global GDP by 2030 - Report
By 2030, 5G-related initiatives will contribute over $7.5 trillion to the global gross domestic product (GDP). This is according to Dimitris Mavrakis, research director of ABI Research, highlighting…
- 28 Aug 2019
WAAS will Enhance Agribusiness, Grow GDP Across West Africa - Asenuga
The need for West African countries to come together to showcase the rich agricultural heritage of their sub-continent and contribute to its Gross Domestic Product (GDP) are the focus of the West…
- 29 Oct 2025
65m Nigerians Pushed into Poverty as GDP Per Capita Falls 66% - Report
Over 65 million Nigerians were reportedly pushed into poverty in 2024 following a 66 per cent decline in the country’s gross domestic product (GDP) per capita, according to a new report by Quartus…
- 27 Jul 2021
Ericsson says Connecting Schools has the Potential to Boost GDP by up to 20 percent in the Least Connected Nations
An Economist Intelligence Unit (EIU) report sponsored by Ericsson has found that nations with low broadband connectivity have the potential to realize an increase in GDP by up to 20 percent by…
- 30 Nov 2023
Digitising Agricultural Processes for Smallholder Farmers to Boost Nigeria’s GDP by $67bn – DG NITDA
With the smallholder farmers producing an estimated 90% of the country’s food and contributing 21% to the Gross Domestic Product (GDP) of $477 billion, rejuvenating the agricultural sector by…
- 20 Jun 2017
Siemens Says Corruption Will Cost Nigeria 37% of its GDP by 2030
Giving the Federal Government’s determination to stop corruption, Siemens Nigeria has said that corruption will cost the nation 37 percent of its Gross Domestic Product, GDP, if both the public and…
- 8 Sept 2017
Telecoms Sector Adds N1.5tn to GDP in Q2--- Danbatta
Prof Umar Garba Danbatta, executive vice chairman, Nigerian Communications Commission (NCC), has said that the telecoms sector contributed N1.549 trillion to the Gross Domestic Product (GDP) in the…
- 21 Oct 2025
FG Targets 40% GDP Growth by 2030 Through AfCFTA
The Federal Government has set an audacious target of achieving 40 percent growth in Nigeria’s Gross Domestic Product (GDP) by 2030, leveraging the African Continental Free Trade Area (AfCFTA) to…
- 3 Oct 2017
Ericsson says Mobile Broadband Boosts Global GDP by 2.8%
As mobile broadband penetration increases by 10%, it causes a 0.6% to 2.8% rise in gross domestic product (GDP). This is according to Ericsson's report titled "How Important Are Mobile Broadband…
- 25 Aug 2017
Telecoms Sector Contributes N1.6Trn to GDP in Q2
Nigerian Communications Commission (NCC) has revealed that the telecommunications sector contributed N1.6 trillion to Nigeria’s Gross Domestic Product (GDP) in the second quarter of the year. This…
- 25 Oct 2021
CBN’s eNaira to Grow Nigeria’s GDP by $29bn in 10yrs — Buhari
President Muhammadu Buhari has said that the adoption of Central Bank Digital Currency (CBDC) can increase Nigeria’s Gross Domestic Product (GDP) by 29 billion dollars over the next 10 years. Buhari…
- 19 Jan 2017
Nigeria Risks Losing 37% Of GDP to Corruption By 2030- Allianz
Corruption in Nigeria could cost up to 37% of GDP by 2030 if it’s not dealt with immediately, Allianz Global Corporate & Specialty (AGCS) has warned. AGCS is the Allianz centre of expertise for…
- 6 Sept 2017
FG to Boost Nigeria’s GDP Via Biotechnology
The Federal Government has announced plans to improve the country’s Gross Domestic Products (GDP) via biotechnology (the use of biological processes in industrial production). Mr Abayomi Oguntade,…
- 18 Sept 2015
Aviation Contributes $2.4tr to Global GDP, Supports 58m Jobs- Tyler
The aviation industry delivers enormous value to the global economy, contributing some $2.4 trillion to GDP, carrying over a third of world trade by value and supporting some 58 million jobs…
- 19 Mar 2013
CBN Worries as Oil Fortunes Dwindles, GDP Contrasts to 6.58%
The Central Bank of Nigeria’s (CBN’s) monetary policy committee has stated that the Nigerian gross domestic product (GDP) rate declined from 7.43 per cent in 2011 to 6.58 per cent in 2012. Arising…
- 11 Jul 2016
Insurance Sector Denying Economy 1.5 % GDP Growth Yearly - Minister
Mrs Kemi Adeosun, minister of Finance, has lamented that the under-performance of the insurance sector was denying the country an annual 1.5 per cent increment in Gross Domestic Product (GDP).…
- 29 Jul 2015
MainOne Says Broadband Penetration will Drive Nigeria’s GDP Growth
MainOne, West Africa’s leading Broadband Communications provider, has tipped increased broadband penetration as would drive the nation’s gross domestic product (GDP) growth on the long run.…