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Nigeria can now be classified as among the developed country in the world today a time have passed when Nigeria is seen as under developed country seeing that Nigeria has the highest telecommunication network all over the world today comprising of different network such as MTN Airtel global network and the rest of others.
added by 1001277811 115 days ago 1    0

The telecommunications industry has consistently been Nigeria's fastest-growing sector in recent times. Last year, the sector grew by over 11% and contributed more than 8% of GDP. It is the only sector the National Bureau Statistics labelled as one of the main drivers of non-oil growth,in its 2019 GDP report.
Between 2018 and 2019, only agriculture, manufacturing and construction added more value to our economy than the telecoms industry around 3 trillion in total.
Interestingly, this growth is coming from a few companies. According to the Nigerian Communications Commission NCC, the entire market is dominated by four players - Airtel, Glo, MTN and 9mobile. These companies are doing more for the economy that many sectors we often see on the news. Despite this dominance, the four companies are constantly competing for market share.
This has contributed to their better service delivery.
added by Anonymous 779 days ago 2    0

Nigeria has one of the fastest growing telecommunications market
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Nigeria has a highly developed financial services sector, with a mix of local and international banks, asset management companies, brokerage houses, insurance companies and brokers, private equity funds and investment banks. Nigeria has one of the fastest-growing telecommunications markets in the world, with major emerging market operators (like MTN, 9mobile, Airtel and Globacom) basing their largest and most profitable centres in the country. Nigeria's ICT sector has experienced a lot of growth, representing 10% of the nation's GDP in 2018 as compared to just 1% in 2001. Lagos is regarded as one of the largest technology hubs in Africa with its thriving tech ecosystem. Several startups like Paystack, Interswitch, Bolt and Piggyvest are leveraging technology to solve issues across different sectors.

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