The National Bureau of Statistics (NBS) has revealed that the Information and Communications Technology sector contributed 9.88 per cent to total nominal Gross Domestic Products (GDP) in the country’s fourth-quarter in 2021.
NBS disclosed this in its “Nigeria Gross Domestic Product report for Q4 2021” released on Thursday.
The bureau said this figure is lower than the rate of 10.58 per cent recorded in the same quarter of 2020.
It is, however, higher than the 9.22 per cent it contributed in the preceding quarter.
The 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.
The report said, “The Quarter-on- Quarter growth rate recorded in the fourth quarter of 2021 was 17.10 per cent, while annual growth stood at 5.75 per cent in 2021.
“Quarter on quarter, the sector exhibited a growth of 17.43 per cent in real terms, while annual growth stood at 6.55 per cent in 2021.”