The information and communication sector which was the most improved sector of the Nigerian economy as at quarter 2(Q2) contributed an estimated value of N5,478,007,325.23 as a result of technological operations conducted in a timeframe of 2 years.
Dr Pantami the minister of ICT in Nigeria disclosed this information at the Digital Nigeria Day that is aimed to develop the ideology of a digital economy.
Although Pantami was not present at the ceremony he was represented by Mr bitrus nabasu stated that
“That growth was 14.07 per cent. This growth rate was the only double digit growth rate that exceeded the aggregate growth rate of all the seven fastest growing sectors.
“The ICT sector had the highest growth rate in 2020 and in the first quarter of 2021.
He further explained that the ICT sector contributed majorly to Nigeria exiting recession and experiencing a 5 percent growth in the previous quarter.
Emphasis were layed on the on the income generated from the from taxable income through the FIRS of which the ICT sector generated over N600 million in income.
“N1.05 trillion revenues was generated by the ministry and its parastatals; furthermore, the ministry has saved for the FG through the IT projects clearing programmes the sum of N5,478,007,325.23,’’ he said
.
Furthermore a notable policies have been developed to enable a sustainable atmosphere for growth in the IT sector and the general economy. Some of those policies include National Digital Economy Policy and Strategy (NDEPS) 2020-2030, Roadmap for the Implementation of NDEPS, and Nigeria National Broadband Plan 2020-2025.
Over 1,000 projects and centres were established in the ICT sector and 200,00 have benefited from this training and development projects.
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