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GDP: Telecom adds over N1.4trn in Q1, 2016

By Prince Osuagwu & Emmannuel Elebeke

The Executive Vice Chairman of the Nigerian Communications Commission, NCC, Prof. Umar  Danbatta, yesterday, declared that the telecom industry alone added about N1.4 trillion into the Nigerian economy at the end of first quarter of 2016.

This is also as he promised more  from telecom to the till with anticipated investments in the next quarters.

Part of the indices which the EVC said convinced him that the economy would benefit from telecom investments was the commission’s decision to review the 2.6GHz spectrum auction, which attracted only one bidder last month when it was carried out.

The review eventually would see more bidders and more money into the economy.


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