The telecoms and the information service sector contributed a whooping N8.6 trillion to the Nigerian economy in 2017.According to findings by BudgIT Nigeria, the figure was based on the number of workforce in the telecoms industry, money expended by Nigerians on phone calls, data usage, among other services provided by the telecoms industry.
BudgIT is a civic startup that liberates budgets and public data from an inactive state into a more engaging format mostly through infographics and interactive application with the aim of improving civic discussion and institutional reform.
The firm in a report on the operational and fund management analysis of the Universal Service Provision Fund (USPF) said, “as at the end of 2017, the telecoms and information service sectors direct contribution to Africa’s largest economy as approximately 8.7 per cent or N8.6 trillion.
Read full article at: https://guardian.ng/technology/telecoms-contributed-n8-6trn-to-nigerias-economy-in-2017-says-budgit/
