• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, September 7, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Broadband, Data Usage Drive ICT Sector’s 31.63% Nominal GDP Surge

by Royal Ibeh
2 months ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

Nigeria’s Information and Communications Technology (ICT) sector recorded a 31.63 per cent year-on-year growth in nominal terms for the first quarter of 2025, driven by rapid expansion in broadband penetration, mobile subscriptions, and digital content consumption.

Advertisement

This marks a staggering 28.23 percentage point leap from the modest 3.40 per cent growth posted in the same period of 2024 and a 13.67-point jump from the fourth quarter of 2024, according to the latest GDP report released by the National Bureau of Statistics (NBS).

The report attributes this impressive growth primarily to the telecommunications subsector, which remains the most dominant and consistent contributor within ICT. The sector also includes Publishing, Broadcasting, Motion Picture, Sound Recording and Music Production, all of which benefited from Nigeria’s expanding digital economy and content ecosystem.

“The strong performance of the ICT sector underscores the country’s increasing reliance on digital infrastructure, services, and consumption habits. This trend is amplified by growing internet accessibility, smartphone adoption, and demand for streaming, online learning, and fintech platforms,” the NBS stated in the report.

The sector’s contribution to nominal GDP climbed to 10.29 percent in Q1 2025, up from 9.25 percent in Q1 2024 and 8.55 percent in Q4 2024, further solidifying its status as one of the most influential drivers of economic growth in Nigeria.

ADVERTISEMENT

In real terms, adjusted for inflation, the ICT sector grew by 7.40 percent year-on-year, representing a 3.36 percentage point improvement over the 4.04 percent recorded in the corresponding quarter of 2024.

However, real growth dipped by -8.86 per cent quarter-on-quarter, a decline the NBS attributes to a seasonal drop in digital activities following Q4’s holiday-driven surge in online traffic, e-commerce, and entertainment consumption.

Still, the sector’s real GDP contribution rose to 10.59 per cent, up from 10.17 per cent in Q1 2024 and 9.32 per cent in Q4 2024, indicating that despite seasonal fluctuations, ICT’s economic value continues to trend upward.

ADVERTISEMENT

The Q1 2025 figures reflect Nigeria’s newly rebased GDP, which now uses 2019 as the base year, replacing the previous 2010 benchmark. The NBS said the rebasing was necessary to reflect structural changes in the economy and to capture new economic activities, especially in emerging digital sub-sectors.

According to the report, the rebased nominal GDP at basic prices for 2019 showed a 41.7 per cent increase over figures calculated using the older base year. The upward revisions continued over the years, with 2024 nominal GDP now revised upward by 35.4 per cent compared to previous estimates.

 

The rebased real GDP growth trajectory also adjusted Nigeria’s recent economic narrative, showing a -6.96 per cent contraction in 2020 (due to the pandemic), followed by recoveries of 0.95 per cent in 2021, 4.32 per cent in 2022, 3.04 per cent in 2023, and 3.38 per cent in 2024.

RELATED

Baliqees Wins Prestigious West Africa Women Agripreneur Award

Baliqees Wins Prestigious West Africa Women Agripreneur Award

5 hours ago
Missing Crude: CSOs Dismiss Whistleblower’s Claims, Allege Extortion Attempts

India Expands Crude Purchase From Nigeria

5 hours ago

Analysts say the ICT sector is well-positioned to sustain its momentum in the coming quarters, especially with ongoing investments in 5G infrastructure, cloud computing, AI innovation, and local content creation.

“The numbers confirm what many of us in the ecosystem have seen on the ground. From telcos to streaming platforms, digital payments, and AI startups, there is massive activity and innovation and it is showing up in GDP,” Tech analyst, Jide Awe told LEADERSHIP.


Join Our WhatsApp Channel



Tags: Broadband Penetration
SendShare10170Tweet6356Share
ADVERTISEMENT
Previous Post

CAP Calls For Training, Collaboration To Drive Coatings Industry

Next Post

Outstanding N81bn Allowance: Senate’s Intervention Raises Hope Of N-Power Beneficiaries

Royal Ibeh

Royal Ibeh

You May Like

Baliqees Wins Prestigious West Africa Women Agripreneur Award
Business

Baliqees Wins Prestigious West Africa Women Agripreneur Award

2025/09/07
Missing Crude: CSOs Dismiss Whistleblower’s Claims, Allege Extortion Attempts
Business

India Expands Crude Purchase From Nigeria

2025/09/07
NGX Group Appoints Popoola As GMD/CEO
Business

NGX Lifts Trading Suspension On Universal Insurance Shares

2025/09/07
Lagos Festival To Celebrate Creative Industry Excellence
Business

Lagos Festival To Celebrate Creative Industry Excellence

2025/09/07
Empowering Digital Ownership: Holiverse’s Vision for Africa’s Blockchain Evolution
Business

Africa Targets $15 GDP On Investment In Agriculture, Industry, Service

2025/09/07
Vitapur Nigeria’s Innovation Hub Set To Revolutionise Household Products
Business

Vitapur Nigeria’s Innovation Hub Set To Revolutionise Household Products

2025/09/07
Leadership Conference advertisement

LATEST

Adeyanju Condemns DSS For Targeting Sowore’s Social Media Account

Stage Play ‘Fela And The Kalakuta Queens’ Returns To Lagos This December

Studio Monkey Shoulder Awards £10,000 to Mainland House Music

AmDiddy Fashion Show To Fuse Fashion With Tech

‘I Won’t Delete It,’ Sowore Responds To DSS’ Stance Over Alleged Anti-Tinubu Tweet

Police Arrest 2 Suspected Burglars In Adamawa

Abbey Afowoslide Out With ‘No Shaking’

Grieving Onyema Roots For Enyimba’s Triumph In Memory of Late Father

WCQ: Super Eagles Spank Rwanda, Target South Africa Win

Sports Federations Electoral Committee Approves Nomination Form, Election Timeline

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.