30 results
- 26 Aug 2021
ICT Contribution of 17.92% to Nigeria’s GDP, Its Highest Ever – Pantami
Dr Isa Ali Ibrahim Pantami, minister of Communications and Digital Economy, said the Information and Communications Technology (ICT) has contributed 17.92 per cent to Nigeria’s Gross Domestic Product…
- 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…
- 9 Mar 2016
Shittu Commends MTN Nigeria, Says Lingering Fine Issue Will End
The Federal Government of Nigeria has commended MTN Nigeria on its impressive contributions to the Gross Domestic Product (GDP) since its inception in 2004. Speaking during his working visit to the…
- 6 Jul 2025
NBS May Release Rebased Figures for Nigerian Economy July 11
National Bureau of Statistics (NBS) may launch its rebased Gross Domestic Product figure on July 11, according to reports by the Nation . In economics, rebasing refers to the process of updating the…
- 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…
- 19 Dec 2021
Commodities Contribute 70% to Nigeria’s GDP, says LCFE
The Lagos Commodities and Futures Exchange has said commodities contribute about 70 per cent to Nigeria’s Gross Domestic Product. Mr Akin Akeredolu-Ale, the Managing Director and Chief Executive…
- 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…
- 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…
- 16 Jun 2022
Nigeria’s Fiscal Woes to get Worst- IMF
International Monetary Fund (IMF) has again raised concern about the rising Federal Government fiscal deficit, warning it could hit 6.1 per cent of the nation’s Gross Domestic Product (GDP) as oil…
- 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,…
- 2 Jul 2025
IMF Raises Nigeria’s 2025 GDP Growth Forecast to 3.4%
International Monetary Fund (IMF) has projected a 3.4 percent expansion in Nigeria’s real Gross Domestic Product (GDP) for 2025, following the conclusion of its annual Article IV consultation with…
- 24 Feb 2023
Coronation Merchant Bank Projects 2.8% GDP Growth for 2023
Experts at Coronation Merchant Bank have projected 2.8 per cent growth in Gross Domestic Product for 2023, attributing it to slow policy implementations and capital expenses due to laser focus on the…
- 3 Jun 2022
Empowering Micro Businesses in the Informal Sector to Overcome Supply, Profit Challenges
The retail market in Nigeria consisting of micro businesses is worth over 100 billion dollars, reports have revealed. This sector makes up 50 percent of the nation’s gross domestic product (GDP),…
- 18 Jul 2024
WATRA says Telecommunications Sector Contributes 7% to Regional GDP
Aliyu Aboki, Executive Secretary of the West African Telecommunications Regulatory Assembly (WATRA) said that telecommunications sector contributes 7 percent annually to Gross Domestic Products (GDP)…
- 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…
- 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…
- 9 Apr 2014
Telecoms Star Performer as FG Omits Shipping Sector in Rebased GDP
The telecommunications and information services sector contributed 8.68 percent to the Nigerian economy equivalent to N6.97 trillion ($44.3 billion) out of the total rebased Gross Domestic product…
- 9 Nov 2020
Pantami Says ICT Contributes 17.83 Per Cent to GDP
Dr Isa Pantami, minister of Communication and Digital Economy, has disclosed that, Information and Communication Technology (ICT) contributed 17.83 percent to the country’s Gross Domestic Product…
- 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…
- 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.…
- 22 Jul 2024
WATRA Says Digital Economy Contributes $30Bn Annually to W/African GDP
The West Africa Telecommunications Regulators Assembly (WATRA) has said that the digital economy currently contributes around $30 billion annually to the region’s Gross Domestic Product (GDP). WATRA…
- 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…
- 7 Dec 2022
FG Urges for FinTech Advocacy to Sustain Digital Economy
As Financial Technology (FinTech) proved to be a critical element in the advancement of digital economies globally through its enormous contribution to Gross Domestic Products (GDPs) as well as the…
- 2 Jul 2026
IMF Raises Concerns over N8.83 Trillion Unreported Spending in Nigeria’s Budgets
International Monetary Fund (IMF) has raised concerns over Nigeria’s fiscal transparency, disclosing that about two per cent of the country’s Gross Domestic Product (GDP), estimated at N8.83…
- 22 May 2022
FG Charges NAICOM to Boost Insurance Sector’s Contribution to GDP
Mrs Zainab Ahmed, minister of Finance, Budget and National Planning, has charged the National Insurance Commission (NAICOM) to boost the sector’s contribution to the Gross Domestic Product (GDP),…
- 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…
- 2 May 2025
PwC says AI Adoption by African Businesses will Unlock Growth
Artificial intelligence (AI) adoption could boost Africa’s gross domestic product by an additional 4.9 percentage points by 2035, as the African economy is reshaped by the emerging technology. This…
- 9 Apr 2014
Nigeria’s Economic Ranking in Africa Delights DHL
Nigeria overtook South Africa as Africa’s largest economy on April 6, after a rebasing calculation almost doubled its gross domestic product (GDP) and DHL, in a statement said that…
- 4 Feb 2016
Experts Task CBN on Remittance Industry Regulations
Central Bank of Nigeria (CBN) has been urged to leverage the remittance industry to boost the country’s gross domestic product (GDP) by allowing a flexible regulations concerning “outbound remittance…
- 18 Jun 2015
Broadband Need to Leapfrog Dependence on Natural Resources- MainOne
The potential of Broadband as an enabler for creating employment increasing Gross Domestic Product (GDP) was again brought to the fore by Ms. Funke Opeke, MainOne’s chief executive officer, at the…