In Nigeria, the Minister of Communications and Digital Economy, Dr Isa Pantami, has revealed that the quarterly revenues generated for the Federal Government increased from US$ 1,1 million to US$932 million through spectrum sales and taxes from the ICT sector.
The minister disclosed this in a speech delivered at the third edition of Digital Nigeria Day. The address emphasised some of the significant milestones which the sector has achieved.
According to Pantami, the ICT sector provided 3 distinctive contributions to the country’s Gross Domestic Product (GDP) 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.
Pantami said, “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 industry to have grown by double digits. This played a critical role in allowing Nigeria to exit the recession.”
When Pantami assumed 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 users.
The minister noted that there were 13,823 4G base stations and now 36,751, representing a 165.86 per cent increase. As a result, the percentage of 4G coverage across the country rose from 23 per cent to 77.52 per cent.
Furthermore, the cost of data has crashed from NUS$2.74 per GB to about US$0.80, making it easier for Nigerians to connect to the Internet.