• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Home Government Minister commends ICT’s Contribution to GDP
  • Government

Minister commends ICT’s Contribution to GDP

By
Philomena O. Oshodin
-
September 11, 2019

Minister commends ICT’s Contribution to GDP

The Honourable Minister of Communications, Dr Isa Ali Ibrahim Pantami, has hailed ICT’s contribution to GDP in the second quarter. In the report released by National Bureau of Statistics (NBS), the contribution of the Information and Communication Technology (ICT) to Nigeria’s Gross Domestic Product (GDP) surpassed that of Oil and Gas in the second quarter of 2019.

Read Also:

  • Finally, Tinubu’s Embattled Minister Resigns Amid Certificate Scandal
  • Tinubu Confers National Honour on Outgoing INEC Chairman Mahmood Yakubu
  • Army Partners Media to Tackle Fake News, Boost National Security

The report, released on Tuesday 2nd September, 2019, observed that the country’s GDP grew by 1.94% (year-on-year) in real terms in the second quarter of 2019 compared to the second quarter of 2018, which recorded a growth of 1.50%. Furthermore, the non-oil sector contributed 91.18% to the nation’s GDP in the second quarter of 2019 as opposed to the 8.82% contributed to total real GP by the oil sector. Particularly, the ICT sector contributed 13.85% to total nominal GDP in the second quarter of 2019 which is much higher than the 11.22% contributed in the same period in 2018..

The Honorable Minister observed that the significant contribution of the ICT sector to the GDP is as a result of the concerted efforts of the administration of President Muhammadu Buhari, GCFR, especially the manner in which the implementation of the administration’s Economic Recovery and Growth Plan (ERGP) is being pursued. These efforts, he said, led to a sustained focus on growing the non-oil sector of the economy, especially ICT and the results witnessed are testimonies of impact of these efforts.

The Honorable Minister reiterated the Communication Ministry’s commitment to the economic diversification efforts of the present administration and called on all stakeholders to support Mr President’s laudable initiatives aimed at taking Nigeria to the next level.

Philomena O. Oshodin (Mrs)
Deputy Director/Head
Information/Press & PR Unit.

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • (NBS)
  • buhari
  • GDP
  • ICT
  • Minister
Previous articleFG Priorities Research strategy to boost Food Security
Next articleD’Tigress victory tonic for basketball growth, says Minister
Philomena O. Oshodin
Philomena O. Oshodin
Xing

RELATED ARTICLESMORE FROM AUTHOR

Finally, Tinubu’s Embattled Minister Resigns Amid Certificate Scandal

INEC boss Mahmood Yakubu

Tinubu Confers National Honour on Outgoing INEC Chairman Mahmood Yakubu

JUST IN: INEC Boss Prof. Yakubu Hands Over Leadership to Acting Chair

Pantami Foundation Graduates 250 Gombe Youths in Tech, Entrepreneurship

Tinubu Orders NAHCON to Reduce 2026 Hajj Fares

Security Operatives Nab Influencers Over Defamatory Campaign Against Senator Shehu Buba

Kaduna State Governor, Uba Sani

Uba Sani Releases ₦2.3bn for Retirees and Families of Deceased Workers

Hajj Exercise Around Ka'abah

Group Urges CBN to Scrap 2% Service Charge on Hajj Fare to Reduce Pilgrimage Cost

Kano Gov’t Investigates Alleged Diversion of N4bn Dala Inland Dry Port Funds

ACF

ACF Warns of Alleged Plot to Cripple Dangote Refinery, Urges FG Intervention

S/Arabia-Trained Graduates to Begin Forum on Sustainable Development

Christian Genocide and the Conspiracy against Nigeria By Femi Fani-Kayode

Recent Posts

  • Finally, Tinubu’s Embattled Minister Resigns Amid Certificate Scandal
  • Tinubu Confers National Honour on Outgoing INEC Chairman Mahmood Yakubu
  • Army Partners Media to Tackle Fake News, Boost National Security
  • Badaru Hails NAF’s Vision, Commissions New Headquarters Annex in Abuja
  • JUST IN: INEC Boss Prof. Yakubu Hands Over Leadership to Acting Chair
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Finally, Tinubu's Embattled Minister Resigns Amid Certificate ScandalTinubu Confers National Honour on Outgoing INEC Chairman Mahmood YakubuArmy Partners Media to Tackle Fake News, Boost National SecurityBadaru Hails NAF’s Vision, Commissions New Headquarters Annex in AbujaJUST IN: INEC Boss Prof. Yakubu Hands Over Leadership to Acting ChairTroops Repel Terrorists Attacks in Borno, Launch Rescue Operation for Abducted VillagersCAN Refutes ‘Christian Genocide’ Claims, Says Violence in Nigeria Affects All FaithsAlleged Certificate Forgery: Why Uche Nnaji Must Resign or Get Fired ImmediatelyPantami Foundation Graduates 250 Gombe Youths in Tech, EntrepreneurshipTinubu Orders NAHCON to Reduce 2026 Hajj FaresSecurity Operatives Nab Influencers Over Defamatory Campaign Against Senator Shehu BubaArmy Dislodges Bandits in Taraba Forests Under Operation Lafiya NakowaHow Irabor's Book Launch Became National Security Summit as Obasanjo, Jonathan, Kukah, Sultan Spoke on Boko HaramNigerian Army Denies Losing Weapons to Bandits in Kwara OperationUba Sani Releases ₦2.3bn for Retirees and Families of Deceased Workers
X whatsapp