According to the Gross Domestic Product Report, released by the National Bureau of Statistics (NBS) on Thursday, the information and communication sector grew by 13.8%% in full-year 2020 compared to 11.08% recorded in 2019 and 9.65% in 2018.
The information and communication sector comprises four activities; Telecommunications and Information Services, Publishing, Motion Picture, Sound Recording, and Music Production, and Broadcasting.
READ: Nigeria’s export earnings dropped to $13.39 billion in April due to COVID-19 – CBN
The sector recorded a growth rate of 14.95% in real terms, year on year, an increase of 6.45% points over the corresponding period of 2019.
The sector contributed 15.06% to aggregate real GDP in Q4 2020, higher than the same quarter of 2019, in which it represented 13.12% and higher than the preceding quarter, in which it represented 13.47%.
READ: Nigeria’s telecom sector posts double digit growth of 18.1%, manufacturing, others contract
Highlights
- Telecommunications & Information Services grew by 17.64% in Q4 2020 compared to 17.36% in Q3 2020 and 10.26% in Q4 2019. The sector also grew by 15.9% in full-year 2020 from 11.41% in 2019 and 11.33% in 2018.
- Publishing contracted by 2.59% in Q4 2020 from -5.77% in Q3 2020 and 3.12% in Q4 2019. It also contracted by 6.79% in full-year 2020 from 2.6% growth in 2019 and 6.03% in 2018.
- Motion Pictures, Sound recording, and Music production grew by 2.51% in Q4 2020 from 1.61% in Q3 2020 and 0.81% in Q4 2019. It grew by 0.03% in full-year 2020 from 0.2% in 2019 and -0.44% in 2018.
- Broadcasting grew by 4.42% in Q4 2020 compared to 3.23% in Q3 2020 and 2.17% in Q4 2019. It also grew by 4.85% in full-year 2020 from 2.29% in 2019 and 7.38% in 2018.
- The total contribution of the sector to the GDP at the end of 2020 stood at 15.05%.