Pantami, who is the Minister of Communications and Digital Economy, told the Economic Confidential in an interview that in the second quarter of 2020, the contribution of ICT to GDP was 17 per cent from 13 per cent maximum last year.
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Data available to The Guardian show that the contribution of the sector translates to N2.272 trillion, up from N1.821 trillion in the first quarter of the year.
This was according to the Nigerian Gross Domestic Product Report (Q2 2020) published on the NBS website on Monday.
Dr. Isa Pantami, Minister of Communications and Digital Economy, while inaugurating the committee in Abuja, said the current 40.18 per cent penetration should be raised to improve the contribution of the sector to the nation’s GDP.
The Bank, in statement in Abuja on Wednesday, said the target was to also achieve financial and fiscal sustainability and enhance accountability in Nigeria’s power sector.
Pantami stated this in a statement signed by Dr. Femi Adeluyi, Technical Assistant, Information Technology to the Minister, on Sunday in Abuja.
The NBS disclosed this in its GDP Quarterly Report released on Monday.
The Federal Executive Council has received the report on results of the third quarter Gross Domestic Product and other indicators of the performance of the Nigerian economy.
NBS said this in its “Nigeria GDP Report for Third Quarter 2019’’ released on Friday in Abuja.
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The Abuja Chamber of Commerce and Industry has urged the Federal Government to formalise Gemstones mining to make it critical contributor to Nigeria’s Gross Domestic Product.
The African Continental Free Trade Area will constitute the world’s largest free trade area, consolidating an integrated market of 1.3 billion consumers with combined Gross Domestic Product of about 3.4 trillion dollars.
The National Bureau of Statistics said Nigeria’s Gross Domestic Product recorded a positive growth as the non-oil sector grew in real terms by 0.41 per cent in first quarter of 2019.
The National Bureau of Statistics said the nation’s Gross Domestic Product grew by 2.01 per cent (year-on-year) in real terms in the first quarter of 2019.
The Turkish economy fell into a recession at the end of 2018, the national statistics institute said on Monday, just weeks ahead of local elections.
The Turkish economy fell into a recession at the end of 2018, the national statistics institute said on Monday, just weeks ahead of local elections.
The Presidency says the Fourth Quarter 2018 Gross Domestic Product results released by National Bureau of Statistics give a lot of hope as “economic Eldorado beckons’’.
The Minister of Budget and National Planning, Senator Udoma Udo Udoma, says Nigeria’s economy is firmly on the path of growth.
The National Bureau of Statistics said the agriculture sector of the economy measured bybGross Domestic Product grew by 18.58 per cent year-on-year in nominal terms in fourth quarter of 2018.
The strong momentum and continuous growth in Nigeria’s Gross Domestic Product is a proof that President Muhammadu Buhari’s policies are working, the presidency has said in a statement.