Nigeria, Feb. 26 -- According to data from the National Bureau of Statistics (NBS), Nigeria's information and communication technology (ICT) sector generated 17% of the nation's actual gross domestic product (GDP) in the fourth quarter of 2024.

This indicates an increase compared to 16.35% in the previous quarter of 2024 and 16.66% in the same quarter of 2023.

The ICT sector's yearly contribution to real GDP in 2024 was 17.68%, which was somewhat higher than the 17.34% reported in 2023, according to the NBS data.

Notwithstanding this expansion, the industry saw a decline in both nominal and real terms compared to the previous year.

Nominal growth falls year after year

The ICT sector expanded nominally by 11.57% year over year in Q4 2...