|
Getting your Trinity Audio player ready...
|
Nigeria’s Information and Communication Technology (ICT) sector contributed 10.59 percent to the country’s real Gross Domestic Product (GDP) in the first quarter of 2025.
With overall real GDP growth at 3.13 percent in the first quarter of 20245, the ICT sector outperformed with 7.40 percent real growth, according to data from the National Bureau of Statistics (NBS).
The ICT growth was more than double that of agriculture (0.07 percent) and higher than the industry sector’s 3.42 percent.
ICT’s growth is less susceptible to external shocks like oil price volatility or climate impacts that may threaten agricultural output. In Q1 2025, crop production grew by just 3.71 percent in real terms, and livestock contracted significantly. Meanwhile, ICT’s 7.40 percent real growth occurred amid broader global and domestic economic headwinds.
Within the ICT sector, Telecommunications and Information Services remained the largest sub-sector, powered by increased data consumption, mobile financial services, and enterprise digitalisation.
The NBS report noted that the information and communication sector covers sub-sectors like telecommunications and information services, publishing, motion picture, sound recording and music production, and broadcasting.
NBS report reveals that ICT grew 7.4 percent in real terms in the first quarter of 2025 from 3.36 percent in the corresponding period of 2024.
On a quarter-on-quarter basis, the sector exhibited a growth of -8.86 percent in real terms.
ICT sector contributed 10.59 percent in the first quarter of 2025 of total real GDP, higher than in the same quarter of the previous year, in which it represented 10.17 percent and higher than 9.32 in the preceding quarter.
