Executive Vice Chairman(EVC) of Nigerian Communications Commission(NCC), Prof. Umar Danbatta said technology-driven telecommunications industry has contributed $70 billion to Nigeria’s economy.
Danbatta said that the industry had provided over 500,000 jobs in the public and private sectors and improved the lives of millions of Nigerians.
He made this disclosure in his keynote speech at a Cyberchain event in Abuja while speaking on the topic: “Using Technology to grow Nigeria’s GDP”.
Danbatta said that the impact of technology to the nation in any society had been tremendous.
Danbatta, who was represented by the Principal Manager, Digital Economy, Mrs Ella Eli highlighted that Nigeria’s adoption of 5G, e-commerce, Fintech and Big data had boosted the country’s revenue generation capacity.
According to him, “Nigeria’s adoption of digital technologies has enabled it to diversify its revenue and economy, created jobs, improved services and efficiency, reduced wastages, and optimised resources available”.
“Telecommunications has contributed over $70 billion to the Nigerian economy, provided over 500,000 jobs in the formal and informal sectors, and improved the lives of millions of Nigerians.
“Most Nigerians today cannot comprehend life without mobile phones.
“Presently, the liberalised telecommunications sector has brought with it, instant messaging, instant information, financial inclusion, telemedicine, smart farming, e-Commerce and virtual learning, however, the best is yet to come.
Firstword24 