Nigeria, Nov. 2 -- The Nigerian Communication Commission (NCC) says the telecommunication industry has recorded over $70 billion investment in the past 21 years.

The Executive Vice Chairman of the NCC, Umar Danbatta, said this on Tuesday at the Cyberchain Abuja 2022, according to a statement signed by the NCC spokesperson, Reuben Muorka.

"From $500 million investments in the sector as at 2001, the telecommunications industry has recorded over $70 billion investment till date," he said.

The NCC boss added that the industry has created over 500,000 formal and informal jobs for Nigerians between 2001 to 2022.

"The sector has provided over 500,000 formal and informal jobs for Nigerians. From an insignificant contribution to GDP in 2001, t...