• The Membership Club
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
Sunday, January 29, 2023
Premium Times Nigeria
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects & Partnerships
    • AUN-PT Data Hub
    • #EndSARS Dashboard
    • Parliament Watch
    • #PandoraPapers
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects & Partnerships
    • AUN-PT Data Hub
    • #EndSARS Dashboard
    • Parliament Watch
    • #PandoraPapers
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
Minister of Communication, Dr Isa Ali Pantami

Minister of Communication, Dr Isa Ali Pantami

ICT contribution of 14.07% to Nigeria’s GDP unprecedented – Pantami

byOge UdegbunamandAgency Report
May 31, 2020
Reading Time: 2 mins read
0

The Minister of Communications and Digital Economy, Isa Pantami, said the Information and Communications Technology (ICT) has contributed unprecedented 14.07 per cent to the nation’s Gross Domestic Product (GDP).

Mr Pantami stated this in a statement signed by Femi Adeluyi, Technical Assistant, Information Technology to the Minister on Sunday in Abuja.

Mr Pantami said he was delighted to hear of the growth of ICT’s contribution to Nigeria’s GDP in the first quarter (Q1) of 2020.

PREMIUM TIMES reported how the National Bureau of Statistics (NBS) released Nigeria’s GDP report for the first quarter of 2020 on May 25.

”The Report observed that the country’s GDP grew by 1.87 per cent year-on-year in real terms in Q1 2020.

”The non-oil sector contributed 90.50 per cent to the nation’s GDP in Q1 2020 as opposed to the 9.50 per cent contributed to total real GDP by the oil sector.

READ ALSO: Minister sets 10-year ‘digital economy’ goal for Nigeria

”It is noteworthy that the ICT sector contributed 14.07 per cent to the total real GDP in Q1 2020, higher than its contribution a year earlier, which was 13.32 per cent and in the preceding quarter, in which it accounted for 13.12 per cent.

”This contribution is unprecedented,” Mr Pantami said.

Atiku-Okowa AD

Mr Pantami said that the growing contribution of the ICT sector to the GDP was a direct result of the focused and committed effort of the federal government.

He said the federal government’s strategic policy direction included inclusion of Digital Economy in the mandate of the Ministry, unveiling and implementation of National Digital Economy Policy and Strategy as well as National Broadband Plan, among others.

The minister noted that the COVID-19 pandemic had shown how critical the ICT sector was to the growth of the country’s digital economy and by extension, the general economy.

He called on all sectors to take advantage of the government’s new focus on the digital economy to enable and improve their processes through the use of ICT.

NAHCON State AD NAHCON Tour Operator AD NAHCON Cargo Operator AD

Kogi AD

TEXEM Advert

“This would enhance the output of all the sectors of the economy and boost Nigeria’s GDP,” he said.

(NAN)

Share this:

  • Twitter
  • Facebook
  • WhatsApp
  • Telegram
  • LinkedIn
  • Email
  • Print



Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate



TEXT AD: Call Willie - +2348098788999






PT Mag Campaign AD

Previous Post

Rwanda reports first death from coronavirus

Next Post

Police arrest 11 suspects for allegedly raping 12-year-old

Oge Udegbunam

Oge Udegbunam

Agency Report

Agency Report

More News

The presidential candidate of the Social Democratic Party (SDP), Adewole Adebayo

SDP presidential candidate promises to reduce poverty in Nigeria

January 29, 2023
Accord Party presidential candidate, Christopher Imumolen.

Accord Party inaugurates Presidential Campaign Council

January 29, 2023
Nigeria Police officers

Kidnapping: Nigerian police arrest five Cameroonians in Adamawa

January 29, 2023

TETFund alleges smear campaign plots

January 29, 2023
Logo of the Peoples Democratic Party (PDP)

PDP lifts suspension on two Ekiti members

January 28, 2023
endangered species

Reps: Bill to protect endangered species passes first reading

January 28, 2023
Leave Comment

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2022 The Premium Times, Nigeria

No Result
View All Result
  • Digital Store
  • Home
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Gender
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Investigations
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • #EndSARS Dashboard
  • AUN-PT Data Hub
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • DONATE
  • About Us
  • Advert Rates
  • Dubawa NG
  • Careers
  • Contact Us

All content is Copyrighted © 2022 The Premium Times, Nigeria