The Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, said the technology-driven telecommunications industry had 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 on the nation in any society has been tremendous.
Danbatta, 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.
He stated, “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.