Nigerias Ict Sector Records 31.63 Nominal Growth In Q1 2025

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nigerias ict sector records 3163 nominal growth in q1 2025

The latest report from the National Bureau of Statistics, NBS, has revealed that Nigerias Information and Communication Technology, ICT, sector recorded a robust 31.63 percent year-on-year growth in nominal terms in the first quarter of 2025.

The report underscores the sectors pivotal role in the countrys economic landscape.

According to the NBS, This performance marks a significant leap of 28.23 percentage points from the 3.40 percent growth recorded in Q1 2024, and a 13.67 percentage point increase compared to the fourth quarter of 2024.