Nigerian Bureau of Statistics (NBS) Releases 2023 Economic Report: Information and Communication Sector Leads Growth

Nigerian Bureau of Statistics (NBS) Releases 2023 Economic Report: Information and Communication Sector Leads Growth

The Nigerian Bureau of Statistics (NBS) has released its highly anticipated 2023 Economic Report, revealing key insights into the nation’s economic performance. At the forefront of this analysis is the Information and Communication sector, which emerged as the primary driver of economic growth, commanding a significant 17.3% share of the economy.

Notably, the Information and Communication sector experienced robust growth, with an impressive 7.91% increase. This surge underscores the sector’s pivotal role in Nigeria’s economic advancement, highlighting the increasing importance of technology and digital infrastructure in driving growth and innovation.

Read Also: ICT Thought-Leaders Confirm Participation at Nigeria ICT Impact Forum, Africa Digital Awards  

The NBS report provides a comprehensive overview of the evolving economic landscape, emphasizing the critical contributions of the Information and Communication sector. As Nigeria embraces digitalization and innovation, understanding the dynamics of this sector becomes paramount for sustainable economic development and maintaining a competitive edge in the global arena.

The report underscores the need for continued investment and support for the Information and Communication sector to leverage its potential fully. By harnessing technology and innovation, Nigeria can further enhance connectivity, efficiency, and productivity across various industries, ultimately driving inclusive growth and prosperity for all citizens.

Read Also: Nigeria Secures 11th Place in Global Internet Penetration, Announces Danbatta

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