• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, June 6, 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

How Federal Govt’s Digital Policy Pushed Revenue To N408bn – Pantami

by Innocent Odoh
3 years ago
in Business
Pantami
Share on WhatsAppShare on FacebookShare on XTelegram

The minister of Communications and Digital Economy, Prof Isa Pantami, has said that the consistent digital economy policies of the federal government of President Muhammadu Buhari has pushed government quarterly revenues from N51 billion to N 408.7 billion.

Advertisement

As part of activities to celebrate ‘Digital Nigeria Day’  the Minister told a news conference in Abuja yesterday that President Buhari’s  approval of policies initiated by his Ministry not only attracted huge investments into the digital economy sector, but that the policies are being copied by Asian and African countries.

“This played a critical role in enabling Nigeria to exit recession.  Furthermore,   the quarterly revenues also generated for the federal government rose from N51.3 billion to N408.7 billion, through spectrum sales and taxes from the sector,” he said.

He added that the Buhari government crashed data price from 1,200 naira per Giga-Bite to 350 naira following the implementation of the National Digital Economy Policy and Strategy, saying “it is now easier for more Nigerians to connect to Internet “,

Pantami said further that:”The ICT sector provided three unprecedented contributions to the Gross Domestic Product (GDP) of the country in the last 3 years, namely 14.07 per cent in Q1 2020, 17.92 per cent in Q2 2021 and 18.44 per cent in Q2 2022. At each time, these numbers have been the highest ever contribution of the ICT sector to the GDP.

RELATED

BetKing Promotes Social Impact At NSF

BetKing Promotes Social Impact At NSF

8 hours ago
Sallah: UNYF felicitates with muslims, decries worsening living conditions

Oxfam Urges Nigerians To Embrace Responsible Plastic Use

8 hours ago

“Also, the ICT sector grew by 14.70 per cent in Q4 2020, making it the fastest growing sector of the Nigerian economy in the last quarter of 2020 and the only sector to have grown by double digits.”

The minister stressed that more jobs are being created through the Digital Economy while the revenue profiles of the sector continue to increase.

According to him, over 863,372 citizens benefited from digital skills programmes, while the Federal Government signed Memorandum of Understanding with leading global companies like Microsoft, Google and Huawei, to train more than five millions of Nigerians.

“On assumption of office on the 21st of August 2019, the official broadband penetration figures stood at 33.72 per cent and today it is 44.65 per cent, representing close to 13 million new broadband user.

“Similarly, there were 13,823 4G base stations and we now have 36,751, representing a 165.86 per cent increase.

“The percentage 4G coverage across the country also increased from 23 per cent to 77.52 per cent.  Additionally, the cost of data has crashed from N1, 200 per GB to about N350, making it easier for Nigerians to connect to the Internet”, Pantami said.

He said further that “Through our efforts, 355,610 direct and indirect jobs were created. Privacy concerns are also being addressed through the newly established Nigeria Data Protection Bureau (NDPB).

“The drafting of the data protection bill has reached an advanced stage. The Digital Identity enrolments have also been very successful, with issued National Identification Numbers (NINs) rising from less than 40 million to over 90 million,” the Minister asserted.

 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: Pantami
SendShareTweetShare
Previous Post

NUPRC Targets Unlocking 1.2mbpd Shut-in Capacity To Surpass OPEC Quota  

Next Post

Titan Trust Seeks Mandatory Takeover Offer To Union Bank Shareholders

Innocent Odoh

Innocent Odoh

You May Like

BetKing Promotes Social Impact At NSF
Business

BetKing Promotes Social Impact At NSF

2025/06/06
Sallah: UNYF felicitates with muslims, decries worsening living conditions
Business

Oxfam Urges Nigerians To Embrace Responsible Plastic Use

2025/06/06
Airtel Expands Digital Ecosystem With In-App Shopping Platform
Business

Airtel Expands Digital Ecosystem With In-App Shopping Platform

2025/06/06
NES Demands Stakeholder Collaboration To Curb Plastic Pollution
Business

NES Demands Stakeholder Collaboration To Curb Plastic Pollution

2025/06/06
AFN Board Members Write Minister, Lament Crisis Under Okowa’s Leadership
Business

FG Reaffirms Global Leadership In Entrepreneurship At 2025 GEC

2025/06/06
CSOs Hail Komolafe’s ‘Giant Strides’ As NUPRC Boss
Business

2024 Bid Rounds Violated No Oil Licencing Guidelines – Komolafe

2025/06/06
Leadership Conference advertisement

LATEST

Raphinha Named 2024/2025 La Liga Player Of The Season

Benue Gov’t Directs Residents To Vacate Flood-prone Areas

Gabriel Signs New Long-term Deal At Arsenal 

Diphtheria: 4,017 Persons Vaccinated As Death Toll Hits 10 In Imo

PICTORIAL: Gov Eno Visits Akpabio With 8 Govs, Others After Defection To APC

Defection: APC Welcomes Gov Eno, Assures Full Accommodation

Eid-ul-Adha: Soun Of Ogbomosoland Calls For Peace, Unity, Religious Tolerance

Sallah: Sultan Tasks Leaders On Unity, Commitment To Solving Nigeria’s Challenges

Police Drag 19 To Court Over Alleged Cultism In Edo

‘I Can’t Follow You To APC’, Akwa Ibom Commissioner Tells Gov Eno, Resigns

© 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.