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		<title>NITDA Unveils National Framework to Measure Nigeria’s Digital Boom</title>
		<link>https://techdigest.ng/nitda-unveils-national-framework-to-measure-nigerias-digital-boom/</link>
		
		<dc:creator><![CDATA[Techdigest]]></dc:creator>
		<pubDate>Wed, 15 Jul 2026 05:13:11 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Dr. Saidu Mohammed Kumo]]></category>
		<category><![CDATA[Kashifu Inuwa Abdullahi]]></category>
		<category><![CDATA[NBS]]></category>
		<category><![CDATA[NITDA]]></category>
		<guid isPermaLink="false">https://techdigest.ng/?p=82674</guid>

					<description><![CDATA[<p>NITDA Unveils National Framework to Measure Nigeria’s Digital Boom In a decisive push toward data-driven policymaking, the National Information Technology Development Agency (NITDA) has gathered key stakeholders to validate a comprehensive new framework designed to systematically measure, analyze, and maximize the impact of digital technologies on Nigeria&#8217;s rapidly evolving economy. The initiative officially kicked off [&#8230;]</p>
<p>The post <a href="https://techdigest.ng/nitda-unveils-national-framework-to-measure-nigerias-digital-boom/">NITDA Unveils National Framework to Measure Nigeria’s Digital Boom</a> appeared first on <a href="https://techdigest.ng">Tech Digest News</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p class="s3"><strong><span class="s4">NITDA Unveils National Framework to Measure Nigeria’s Digital Boom</span></strong></p>
<p class="s3"><span class="s2">In a decisive push toward data-driven policymaking, the National Information Technology Development Agency (NITDA) has gathered key stakeholders to validate a comprehensive new framework designed to systematically measure, analyze, and maximize the impact of digital technologies on Nigeria&#8217;s rapidly evolving economy. </span></p>
<p class="s3"><span class="s2">The initiative officially kicked off at the Stakeholder Engagement and Validation Workshop on the Indicators and Measurement Framework for the National Research Study on the Impact of Digital Technologies on Nigeria&#8217;s Economy: Key Growth Indicators, Gaps and Future Outlook. Hosted at the e-Government Training Centre of the Public Service Institute of Nigeria (PSIN) in Abuja, the workshop assembled a diverse coalition of government institutions, regulatory bodies, academia, private sector leaders, development partners, and the research community. Together, their mission is to finalize the architectural blueprint that will guide a nationwide assessment of Nigeria&#8217;s digital landscape. </span></p>
<p class="s3"><span class="s2">Delivering</span><span class="s2"> the welcome</span><span class="s2"> address, </span><span class="s2">the Director General of </span><span class="s2">NITDA,</span><span class="s2"> Kashifu Inuwa, CCIE</span><span class="s2">represented by the Director Special Duties Unit Mr. Olawumi </span><span class="s2">Oladejo</span><span class="s2">, said building a globally competitive digital economy requires more than deploying technology, stressing that reliable evidence, trusted data and strong institutional collaboration are essential for sustainable digital transformation.</span></p>
<p class="s3"><span class="s2">He observed that Nigeria has recorded remarkable progress in digital payments, broadband expansion, digital public services, innovation ecosystems and digital entrepreneurship. However, he noted that without a harmonised national measurement system, it remains difficult to accurately assess the impact of these investments, identify existing gaps and prioritise future interventions.</span></p>
<p class="s3"><span class="s2">Inuwa explained that the National Research Study is designed to establish a credible evidence base for understanding how digital technologies contribute to economic growth, employment, innovation, financial inclusion, improved public service delivery and national competitiveness. He added that the study would also establish a common national framework for measuring digital transformation across sectors and institutions.</span></p>
<p class="s3"><span class="s2">He further noted that the initiative aligns with NITDA&#8217;s Strategic Roadmap and Action Plan (SRAP 2.0), particularly its commitment to strengthening Nigeria&#8217;s technology research ecosystem through data driven policymaking. He called on stakeholders to actively contribute their expertise to ensure that the framework is technically sound, practically </span><span class="s2">applicable, the best global</span><span class="s2"> accepted and aligned with global best practices.</span></p>
<p class="s3"><span class="s2">Also speaking during the opening ceremony, Dr. Saidu Mohammed Kumo, Chairman of the Technical Steering Committee and Director of Research and Development at NITDA, added that while the nation&#8217;s digital economy is expanding at an unprecedented pace, the capacity to systematically track its impact on productivity and social inclusion has lagged behind. To bridge this gap, a multidisciplinary network of researchers hailing from Nigeria&#8217;s six geopolitical zones collaborated with the National Bureau of Statistics (NBS) to design a rigorous, statistically sound framework. </span></p>
<p class="s3"><span class="s2">Dr. Kumo revealed that the framework evaluates three core analytical dimensions, which include digital infrastructure and access, digital capabilities and skills, and digital adoption and the enabling environment. These dimensions are being configurationally applied across five strategic sectors: financial services, government services, e-commerce and digital trade, telecommunications, and e-health. </span></p>
<p class="s3"><span class="s2">To turn these concepts into actionable data, the committee proposed 81 core indicators to evaluate how digital tools are changing Nigerian society and business. The workshop served as a vital crucible for stakeholders to stress-test these metrics, ensure they fit sector-specific realities, and eliminate any outstanding data gaps before launching the nationwide data collection phase. </span></p>
<p class="s3"><span class="s2">In her goodwill message delivered on behalf of the Statistician</span> <span class="s2">General of the Federation,  Mrs. Saadatu Hayatuddeen Auwal of the National Bureau of Statistics described digital technology as the engine driving today&#8217;s economy, stressing that accurate measurement remains essential to understanding and improving its contribution to national development. She reaffirmed the Bureau&#8217;s commitment to supporting the initiative through technical collaboration and the production of timely, reliable and policy</span> <span class="s2">driven statistics.</span></p>
<p class="s3"><span class="s2">Representing the Federal Ministry of Health, Mrs. Ezedozie Adaora I</span><span class="s2">fe</span><span class="s2">yinwa, commended NITDA for recognising the health sector as one of the five pilot sectors in the study. She highlighted the growing role of digital technologies</span> <span class="s2">including electronic health records, telemedicine and data</span><span class="s2">driven disease </span><span class="s2">surveillance</span> <span class="s2">in transforming healthcare delivery, while emphasising the need for consistent measurement of their impact on health outcomes and economic development.</span></p>
<p class="s3"><span class="s2">She also stressed the importance of addressing challenges such as fragmented health data, varying levels of digital maturity across healthcare institutions and data sensitivity, while reaffirming the Ministry&#8217;s commitment to collaborating with NITDA and other stakeholders to strengthen data sharing and support a more integrated digital health ecosystem.</span></p>
<p class="s3"><span class="s2">The workshop featured technical presentations on the draft Indicators and Measurement Framework across the five pilot sectors—E-Health and Digital Health, Financial Services, E-Commerce and Digital Trade, Telecommunications, and Government Services. Participants critically reviewed the proposed indicators, examined sector</span> <span class="s2">specific methodologies and offered recommendations to strengthen the framework ahead of the nationwide data collection phase.</span></p>
<p class="s3"><span class="s2">The workshop concluded with stakeholders reaffirming their commitment to supporting the development of an institutionalised national e-governance and digital economy measurement system that will provide credible evidence for policymaking, strengthen strategic planning, attract investment and position Nigeria as a globally competitive digital economy.</span></p>
<p>The post <a href="https://techdigest.ng/nitda-unveils-national-framework-to-measure-nigerias-digital-boom/">NITDA Unveils National Framework to Measure Nigeria’s Digital Boom</a> appeared first on <a href="https://techdigest.ng">Tech Digest News</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">82674</post-id>	</item>
		<item>
		<title>Telecom-Driven ICT Sector Contributes 10.07% to Nigeria’s GDP in 2025 – NBS</title>
		<link>https://techdigest.ng/telecom-driven-ict-sector-contributes-10-07/</link>
		
		<dc:creator><![CDATA[Techdigest]]></dc:creator>
		<pubDate>Sun, 01 Mar 2026 16:21:31 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Dr. Aminu Maida]]></category>
		<category><![CDATA[GDP]]></category>
		<category><![CDATA[ICT]]></category>
		<category><![CDATA[NBS]]></category>
		<category><![CDATA[NCC]]></category>
		<guid isPermaLink="false">https://techdigest.ng/?p=81976</guid>

					<description><![CDATA[<p>Telecom-Driven ICT Sector Contributes 10.07% to Nigeria’s GDP in 2025 – NBS Economic activities in the telecommunications industry significantly boosted the contribution of the Information and Communication Technology (ICT) sector to Nigeria’s real Gross Domestic Product (GDP), as the sector added 10.07 per cent in 2025. This was disclosed in the fourth quarter (Q4) 2025 [&#8230;]</p>
<p>The post <a href="https://techdigest.ng/telecom-driven-ict-sector-contributes-10-07/">Telecom-Driven ICT Sector Contributes 10.07% to Nigeria’s GDP in 2025 – NBS</a> appeared first on <a href="https://techdigest.ng">Tech Digest News</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>Telecom-Driven ICT Sector Contributes 10.07% to Nigeria’s GDP in 2025 – NBS</strong></p>
<p>Economic activities in the telecommunications industry significantly boosted the contribution of the Information and Communication Technology (ICT) sector to Nigeria’s real Gross Domestic Product (GDP), as the sector added 10.07 per cent in 2025.</p>
<p>This was disclosed in the fourth quarter (Q4) 2025 GDP report released on Friday by the National Bureau of Statistics (NBS). The figure represents an increase from the 9.79 per cent contribution recorded in 2024.</p>
<p>According to the NBS, the ICT sector, for GDP calculation purposes, comprises Telecommunications and Information Services; Publishing; Motion Picture, Sound Recording and Music Production; and Broadcasting.</p>
<p>Out of the total 10.07 per cent annual contribution in 2025, telecommunications alone accounted for 7.29 per cent, leaving the remaining sub-sectors with less than three per cent combined contribution.</p>
<p>The NBS data further showed that in the fourth quarter of 2025, the ICT sector recorded a year-on-year growth rate of 26.34 per cent. This represents an 8.37 percentage point increase compared to the 17.97 per cent growth recorded in the same quarter of 2024, and 5.46 percentage points higher than the rate recorded in the preceding quarter.</p>
<p>Quarter-on-quarter growth in Q4 2025 stood at 19.58 per cent. Overall, the sector’s annual growth rose to 24.96 per cent in 2025, nearly doubling the 12.68 per cent recorded in 2024.</p>
<p>In nominal terms, the Information and Communications sector contributed 9.19 per cent to total GDP in Q4 2025, higher than the 8.55 per cent recorded in the corresponding quarter of 2024 and above the 8.31 per cent posted in the preceding quarter.</p>
<p>In real terms, the sector grew by 7.55 per cent year-on-year in Q4 2025, reflecting a 0.55 percentage point increase from the same period in 2024. On a quarter-on-quarter basis, real growth stood at 18.75 per cent. Overall, the sector expanded by 6.85 per cent in 2025, compared to 5.57 per cent in 2024.</p>
<p>Of total real GDP, the ICT sector contributed 9.64 per cent in Q4 2025, up from 9.32 per cent in the same quarter of the previous year and 9.10 per cent in the preceding quarter.</p>
<p>The NBS stated that the annual contribution of 10.07 per cent recorded in 2025 marks a steady improvement from the 9.79 per cent achieved in 2024.</p>
<p>Industry observers attribute the strong telecom performance to deliberate regulatory efforts aimed at increasing the sector’s GDP contribution. Recently, the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, said the Commission and the Ministry of Communications, Innovation and Digital Economy are working on policies to raise the telecom sector’s contribution to 25 per cent.</p>
<p>Maida noted that the sector previously achieved a 14.58 per cent contribution before GDP rebasing and expressed optimism that it could surpass 25 per cent if existing challenges are addressed.</p>
<p>“Myself and the Minister of Communications, Innovation and Digital Economy are working very closely, looking at the right policies to ensure sustainability for an industry that has done so well for the country with 14 per cent GDP contribution. We believe we can do 25 per cent and above,” he said at a telecoms forum in Lagos.</p>
<p>Meanwhile, Nigeria’s overall GDP grew by 4.07 per cent year-on-year in real terms in the fourth quarter of 2025, reflecting a stronger economic expansion compared to earlier quarters.</p>
<p>In Q3 2025, GDP grew by 3.98 per cent year-on-year in real terms, an improvement over the 3.86 per cent recorded in the same quarter of 2024, according to the NBS report.</p>
<p>The post <a href="https://techdigest.ng/telecom-driven-ict-sector-contributes-10-07/">Telecom-Driven ICT Sector Contributes 10.07% to Nigeria’s GDP in 2025 – NBS</a> appeared first on <a href="https://techdigest.ng">Tech Digest News</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">81976</post-id>	</item>
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		<title>Telecom FDI into Nigeria Jumps 14-Fold in Q3 2025 — NBS</title>
		<link>https://techdigest.ng/telecom-fdi-into-nigeria-jumps-14-fold-in-q3-2025-nbs/</link>
		
		<dc:creator><![CDATA[Tech Digest]]></dc:creator>
		<pubDate>Mon, 16 Feb 2026 12:29:54 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[NBS]]></category>
		<category><![CDATA[Telecom]]></category>
		<guid isPermaLink="false">https://techdigest.ng/?p=81870</guid>

					<description><![CDATA[<p>Foreign direct investment into Nigeria’s telecommunications sector surged in the third quarter of 2025, rebounding sharply from a slump a year earlier, according to new data from the National Bureau of Statistics. Capital importation into telecoms rose to $208.51 million in Q3 2025, compared with just $14.74 million in the same period of 2024 — [&#8230;]</p>
<p>The post <a href="https://techdigest.ng/telecom-fdi-into-nigeria-jumps-14-fold-in-q3-2025-nbs/">Telecom FDI into Nigeria Jumps 14-Fold in Q3 2025 — NBS</a> appeared first on <a href="https://techdigest.ng">Tech Digest News</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p data-start="196" data-end="417">Foreign direct investment into Nigeria’s telecommunications sector surged in the third quarter of 2025, rebounding sharply from a slump a year earlier, according to new data from the <span class="hover:entity-accent entity-underline inline cursor-pointer align-baseline"><span class="whitespace-normal">National Bureau of Statistics</span></span>.</p>
<p data-start="419" data-end="599">Capital importation into telecoms rose to $208.51 million in Q3 2025, compared with just $14.74 million in the same period of 2024 — a more than fourteenfold year-on-year increase.</p>
<p data-start="601" data-end="752">The rebound signals renewed foreign investor interest after inflows collapsed in Q3 2024. However, funding trends remain volatile on a quarterly basis.</p>
<p data-start="754" data-end="991">Earlier in 2025, telecom inflows stood at $80.78 million in Q1 and $103.63 million in Q2 before accelerating in Q3. In contrast, 2024 began strongly — with $191.57 million recorded in Q1 and $113.42 million in Q2 — before plunging in Q3.</p>
<p data-start="993" data-end="1195">On a cumulative basis, the telecom sector attracted $392.92 million between January and September 2025, surpassing the $319.72 million recorded during the same period in 2024 — an increase of about 23%.</p>
<p data-start="1197" data-end="1466">Industry observers say the recovery may reflect improved investor sentiment following regulatory and macroeconomic adjustments. In January 2025, the <span class="hover:entity-accent entity-underline inline cursor-pointer align-baseline"><span class="whitespace-normal">Nigerian Communications Commission</span></span> approved a 50% tariff adjustment for operators, citing mounting operational costs.</p>
<p data-start="1468" data-end="1732">The <span class="hover:entity-accent entity-underline inline cursor-pointer align-baseline"><span class="whitespace-normal">Association of Telecommunications Companies of Nigeria</span></span> said the tariff revision enabled operators to reinvest in network expansion, service quality and infrastructure upgrades, after more than a decade of static pricing despite rising inflation and foreign exchange volatility.</p>
<p data-start="1734" data-end="1899">Analysts note that while the Q3 rebound is significant, sustaining consistent foreign capital flows will depend on broader economic stability and regulatory clarity.</p>
<p>The post <a href="https://techdigest.ng/telecom-fdi-into-nigeria-jumps-14-fold-in-q3-2025-nbs/">Telecom FDI into Nigeria Jumps 14-Fold in Q3 2025 — NBS</a> appeared first on <a href="https://techdigest.ng">Tech Digest News</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">81870</post-id>	</item>
		<item>
		<title>On NITDA-NBS Partnership for Nigeria&#8217;s Digital Future</title>
		<link>https://techdigest.ng/nitda-nbs-partnership-nigeria/</link>
		
		<dc:creator><![CDATA[Abbas Badmus]]></dc:creator>
		<pubDate>Mon, 09 Sep 2024 19:54:07 +0000</pubDate>
				<category><![CDATA[Commentary]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Kashifu Inuwa Abdullahi]]></category>
		<category><![CDATA[NBS]]></category>
		<category><![CDATA[NITDA]]></category>
		<category><![CDATA[Prince Adeyemi Adeniran]]></category>
		<guid isPermaLink="false">https://techdigest.ng/?p=79181</guid>

					<description><![CDATA[<p>On NITDA-NBS Partnership for Nigeria&#8217;s Digital Future By Abbas Badmus In a bold initiative aimed at transforming Nigeria&#8217;s digital landscape and stimulating economic growth, the National Information Technology Development Agency (NITDA) has joined forces with the National Bureau of Statistics (NBS). This strategic collaboration seeks to leverage the immense power of data and technology to [&#8230;]</p>
<p>The post <a href="https://techdigest.ng/nitda-nbs-partnership-nigeria/">On NITDA-NBS Partnership for Nigeria&#8217;s Digital Future</a> appeared first on <a href="https://techdigest.ng">Tech Digest News</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>On NITDA-NBS Partnership for Nigeria&#8217;s Digital Future</strong><br />
<strong>By Abbas Badmus</strong></p>
<p>In a bold initiative aimed at transforming Nigeria&#8217;s digital landscape and stimulating economic growth, the National Information Technology Development Agency (NITDA) has joined forces with the National Bureau of Statistics (NBS). This strategic collaboration seeks to leverage the immense power of data and technology to foster sustainable national development, aligning perfectly with President Bola Tinubu&#8217;s Renewed Hope Agenda.</p>
<p>NITDA, the premier agency for IT development in Nigeria, possesses invaluable expertise in driving digital transformation initiatives, fostering innovation, and creating an environment conducive to technology adoption across various sectors. Complementing this, the NBS stands as the nation&#8217;s principal statistical agency, providing critical insights and data that inform policy decisions, track progress, and ensure that technological interventions are driven by reliable information.</p>
<p>During a recent courtesy visit to NITDA&#8217;s Corporate Headquarters in Abuja, Director General, Kashifu Inuwa Abdullahi and Statistician General of the Federation Prince Adeyemi Adeniran engaged in insightful discussions about key areas of collaboration. Their focus included data exchange, integration, and the development of digital infrastructure, all aimed at enhancing service delivery and driving technological adoption across multiple sectors.</p>
<p>Abdullahi underscored the significance of strategic partnerships in harnessing data and technology for national growth, asserting that such collaborations are vital for fostering innovation and catalyzing sustainable economic expansion. Prince Adeniran reinforced this notion, emphasizing that accurate and timely data is indispensable for crafting policies that effectively advance the nation&#8217;s economic agenda.</p>
<p>Both agencies have committed to fostering a close, continuous collaboration that develops frameworks for seamless data integration and the expansion of digital infrastructure across the country. This long-term commitment reassures the public of the partnership&#8217;s stability and its pivotal role in Nigeria&#8217;s efforts to harness technology for transformative economic purposes.</p>
<p>By pooling their resources and expertise, NITDA and NBS aspire to cultivate a robust digital ecosystem capable of spurring economic growth, enhancing public service delivery, and significantly improving the overall quality of life for Nigerians.</p>
<p>In today&#8217;s rapidly evolving global landscape, technology stands as a powerful catalyst for economic growth and development. For nations like Nigeria, navigating the intricate dynamics of an international digital economy, embracing technological advancements is not merely an opportunity; it has become a pressing necessity, particularly for agencies focused on delivering transparent and accurate statistics.</p>
<p>This partnership between NITDA and NBS possesses the distinct advantage of enabling more effective data utilization in statistical and decision-making processes. Data, often dubbed the &#8220;new oil,&#8221; serves as the cornerstone of understanding intricate social and economic dynamics, allowing for the identification of trends and the prediction of future outcomes.</p>
<p>Information Technology (IT) can profoundly enhance national development statistics through various avenues. Efficient data collection and management, coupled with accuracy and reliability, can transform data analysis and visualization processes, thereby facilitating informed decision-making.</p>
<p>Although online surveys are cost-effective for data collection, IT advancements can ensure timely data dissemination among stakeholders, thereby promoting transparency and collaboration.</p>
<p>Further, IT can automate and streamline processes, significantly reducing manual labor and boosting productivity. Geographic Information Systems (GIS) can also inform strategic decisions regarding infrastructure development, resource allocation, and urban planning.</p>
<p>Harnessing IT empowers statistical agencies to improve data quality and integrity, enhance operational efficiency, and strengthen decision-making capabilities. Ultimately, this synergy fosters national development by providing actionable insights that underpin data-driven decision-making.</p>
<p>Through their collaboration, NITDA can provide the NBS with access to a wealth of data that informs the creation of tailored digital solutions, improving the targeting of digital literacy initiatives and enhancing the efficiency of public services.</p>
<p>Conversely, the NBS can benefit from NITDA&#8217;s expertise in data analytics and technology deployment, facilitating the modernization of its data collection and analysis processes. This mutually beneficial relationship can yield more accurate, timely, and relevant statistics that genuinely reflect Nigeria&#8217;s socio-economic realities, empowering policymakers to make informed decisions that drive sustainable development and prosperity.</p>
<p>Beyond data, this partnership is poised to cultivate a culture of innovation essential for Nigeria&#8217;s digital transformation journey. It will nurture a dynamic ecosystem where tech startups, entrepreneurs, and innovators can flourish.</p>
<p>The collaboration is set to promote policies and programs that encourage innovation, facilitate access to funding, and provide mentorship and capacity-building opportunities for aspiring young Nigerians.</p>
<p>Additionally, the partnership aims to scale up existing digital skills initiatives, ensuring a broader segment of the population is equipped with the necessary skills to engage in the digital economy. This emphasis on digital literacy is vital, especially given the rapid pace of technological advancement and the burgeoning demand for digital competencies across industries.</p>
<p>By championing digital literacy and skills development, NITDA and NBS can play an instrumental role in bridging the digital divide and creating new job opportunities, thus empowering more Nigerians to reap the benefits of participating in the digital economy.</p>
<p>As Nigeria presses forward in its quest to emerge as a leader in the global digital economy, collaborations such as that between NITDA and NBS will be instrumental in realizing this vision. The partnership promises numerous advantages, including enhanced data-driven policy-making, improved public service delivery, increased innovation, and the establishment of a resilient digital economy.</p>
<p>Moreover, it will foster an environment conducive to attracting foreign investment, encouraging entrepreneurship, and building an inclusive economy that benefits all Nigerians.</p>
<p>There exists a growing optimism that, through their collaborative efforts, NITDA and NBS can fulfill Nigeria&#8217;s ambitious aspirations for digital transformation and economic prosperity. By harnessing the synergies of technology, data, and strategic partnerships, Nigeria stands poised to actualize the &#8220;Renewed Hope Agenda&#8221; and foster sustainable growth for the benefit of all its citizens.</p>
<p>In conclusion, the partnership between NITDA and NBS epitomizes the profound impact of collaboration in effecting meaningful and enduring change. It marks a critical milestone in Nigeria&#8217;s journey toward a brighter, more prosperous future.</p>
<p>Abbas Badmus is Tech Journalist with Tech Digest Abuja</p>
<p>The post <a href="https://techdigest.ng/nitda-nbs-partnership-nigeria/">On NITDA-NBS Partnership for Nigeria&#8217;s Digital Future</a> appeared first on <a href="https://techdigest.ng">Tech Digest News</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">79181</post-id>	</item>
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		<title>NITDA, NBS Collaborate to Enhance Digital Adoption, Economic Growth</title>
		<link>https://techdigest.ng/nitda-nbs-collaborate-enhance/</link>
		
		<dc:creator><![CDATA[Abbas Badmus]]></dc:creator>
		<pubDate>Sat, 17 Aug 2024 19:35:51 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Kashifu Inuwa Abdullahi]]></category>
		<category><![CDATA[NBS]]></category>
		<category><![CDATA[NITDA]]></category>
		<category><![CDATA[President Bola Ahmed Tinubu]]></category>
		<category><![CDATA[Prince Adeyemi Adeniran]]></category>
		<guid isPermaLink="false">https://techdigest.ng/?p=79121</guid>

					<description><![CDATA[<p>NITDA, NBS Collaborate to Enhance Digital Adoption, Economic Growth The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, welcomed the Statistician General of the Federation, Prince Adeyemi Adeniran, and his team on a courtesy visit to the NITDA Corporate Headquarters in Abuja. The visit, which took place recently, centered on [&#8230;]</p>
<p>The post <a href="https://techdigest.ng/nitda-nbs-collaborate-enhance/">NITDA, NBS Collaborate to Enhance Digital Adoption, Economic Growth</a> appeared first on <a href="https://techdigest.ng">Tech Digest News</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>NITDA, NBS Collaborate to Enhance Digital Adoption, Economic Growth</strong></p>
<p>The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, welcomed the Statistician General of the Federation, Prince Adeyemi Adeniran, and his team on a courtesy visit to the NITDA Corporate Headquarters in Abuja.</p>
<p>The visit, which took place recently, centered on exploring potential collaboration between the two agencies. Discussions focused on key areas such as data exchange, integration, and the development of digital infrastructure.</p>
<p>These initiatives aim to enhance the effective delivery of services and drive technological adoption across various sectors, in line with the priority areas outlined in President Bola Tinubu&#8217;s Renewed Hope Agenda.</p>
<p>Speaking during the visit, Abdullahi emphasized the importance of strategic partnerships in harnessing the power of data and technology for national development.</p>
<p>He noted that such collaborations are crucial for fostering innovation and achieving sustainable economic growth.</p>
<p>Prince Adeyemi Adeniran echoed these sentiments, expressing optimism about the potential benefits of the partnership.</p>
<p>He highlighted the critical role of accurate and timely data in shaping policies that drive the nation&#8217;s economic agenda.Both agencies agreed to continue working closely to develop frameworks that would facilitate seamless data integration and the expansion of digital infrastructure across the country.</p>
<p>This collaboration is expected to play a significant role in Nigeria&#8217;s efforts to leverage technology for economic transformation, in line with the government&#8217;s commitment to improving the lives of its citizens through the Renewed Hope Agenda.</p>
<p>The post <a href="https://techdigest.ng/nitda-nbs-collaborate-enhance/">NITDA, NBS Collaborate to Enhance Digital Adoption, Economic Growth</a> appeared first on <a href="https://techdigest.ng">Tech Digest News</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">79121</post-id>	</item>
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		<title>NBS reports $322 million decline in telecom investments</title>
		<link>https://techdigest.ng/nbs-reports-million-decline/</link>
		
		<dc:creator><![CDATA[Techdigest]]></dc:creator>
		<pubDate>Tue, 27 Feb 2024 18:23:17 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[NBS]]></category>
		<category><![CDATA[Telecom]]></category>
		<guid isPermaLink="false">https://techdigest.ng/?p=78508</guid>

					<description><![CDATA[<p>NBS reports $322 million decline in telecom investments. Investments in Nigeria’s telecommunications sector decreased to $134m in 2023 from $456.8m in the corresponding year, a decline of $322m. This is according to the Nigerian Capital Importation 2023, which was released by the National Bureau of Statistics. The decline represents a decrease of approximately 70.5 per [&#8230;]</p>
<p>The post <a href="https://techdigest.ng/nbs-reports-million-decline/">NBS reports $322 million decline in telecom investments</a> appeared first on <a href="https://techdigest.ng">Tech Digest News</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>NBS reports $322 million decline in telecom investments</strong>.</p>
<p>Investments in Nigeria’s telecommunications sector decreased to $134m in 2023 from $456.8m in the corresponding year, a decline of $322m.</p>
<p>This is according to the Nigerian Capital Importation 2023, which was released by the National Bureau of Statistics.</p>
<p>The decline represents a decrease of approximately 70.5 per cent.</p>
<p>A further examination of the quarterly NBS Capital Importation data showed a consistent downward trend in capital inflow within Nigeria’s telecom sector throughout 2023.</p>
<p>In the first quarter of the year, foreign investments in the sector amounted to $22.05m, a decrease from the $57.79m recorded in the same period of 2022, according to the NBS.</p>
<p>Similarly, the fourth quarter of 2023 witnessed a substantial decline, with capital importation into the telecom industry totalling $22.84m, significantly lower than the $168.27m reported during the corresponding period in 2022.</p>
<p>According to experts, depleting investments in the sector would pose challenges for telecom companies to maintain or enhance the quality of their services.</p>
<p>Foreign inflow into the Nigerian economy slumped by about 27 per cent between 2022 and 2023.</p>
<p>Nigeria attracted a total of $3.91bn in 2023. The amount translates to a 26.7 per cent year-on-year decline from $5.33bn in 2022, and marks the lowest inflow since 2007, according to Investment banking firm Cowry Asset Limited.</p>
<p>The decline in foreign investment inflows is attributed to factors such as political risks, elevated production costs, and uncertainty surrounding government policies, especially regarding foreign exchange availability.</p>
<p>The post <a href="https://techdigest.ng/nbs-reports-million-decline/">NBS reports $322 million decline in telecom investments</a> appeared first on <a href="https://techdigest.ng">Tech Digest News</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">78508</post-id>	</item>
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		<title>Nigeria&#8217;s ICT Sector Boosts GDP, Records Growth in Q4 2023</title>
		<link>https://techdigest.ng/nigeria-ict-sector-boosts-gdp/</link>
		
		<dc:creator><![CDATA[Abbas Badmus]]></dc:creator>
		<pubDate>Sun, 25 Feb 2024 18:50:10 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[GDP]]></category>
		<category><![CDATA[ICT]]></category>
		<category><![CDATA[NBS]]></category>
		<guid isPermaLink="false">https://techdigest.ng/?p=78489</guid>

					<description><![CDATA[<p>Nigeria&#8217;s ICT Sector Boosts GDP, Records Growth in Q4 2023 In the fourth quarter of 2023, Nigeria&#8217;s Information and Communications Technology (ICT) sector played a pivotal role in the nation&#8217;s economic landscape, contributing 16.66% to the real Gross Domestic Product (GDP), as revealed by the National Bureau of Statistics (NBS) in its Q4 GDP statistics [&#8230;]</p>
<p>The post <a href="https://techdigest.ng/nigeria-ict-sector-boosts-gdp/">Nigeria&#8217;s ICT Sector Boosts GDP, Records Growth in Q4 2023</a> appeared first on <a href="https://techdigest.ng">Tech Digest News</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>Nigeria&#8217;s ICT Sector Boosts GDP, Records Growth in Q4 2023</strong></p>
<p>In the fourth quarter of 2023, Nigeria&#8217;s Information and Communications Technology (ICT) sector played a pivotal role in the nation&#8217;s economic landscape, contributing 16.66% to the real Gross Domestic Product (GDP), as revealed by the National Bureau of Statistics (NBS) in its Q4 GDP statistics released on Friday.</p>
<p>This marks a notable increase from the 16.22% recorded in the same period the previous year.Quarter on quarter, the ICT sector showcased continued growth, with a contribution of 15.97% in Q3 2023, demonstrating a positive trajectory. The NBS data highlights that the ICT sector encompasses Telecommunications and Information Services, Publishing, Motion Picture, Sound Recording, Music Production, and Broadcasting.</p>
<p>The fourth quarter of 2023 witnessed a robust 6.33% year-on-year growth in real terms for the ICT sector.</p>
<p>Telecommunications, a key driver, contributed 14% to the GDP in real terms. The telecom industry, dominated by major operators like MTN, Globacom, Airtel, 9mobile, and Internet Service Providers (ISPs), continued to influence various sectors of the economy.Broadcasting emerged as the closest sub-sector to telecoms in terms of contribution, adding 1.68% to the ICT sector&#8217;s overall performance.</p>
<p>NBS data further reveals that the ICT sector played a significant role in the nominal GDP, contributing 12.52% in the fourth quarter of 2023, surpassing the rates of the same quarter in 2022 and the preceding quarter.The growth in nominal terms for the ICT sector stood at an impressive 39.57% year-on-year, indicating a substantial increase from the previous year and maintaining positive momentum in the economic landscape.</p>
<p>Despite a slight dip in the overall GDP growth rate to 3.46% year-on-year in real terms for Q4 2023, the Services sector emerged as the primary driver, recording a growth of 3.98% and contributing 56.55% to the aggregate GDP.</p>
<p>Agriculture also saw a positive uptick, growing by 2.10% compared to the same period in 2022.In the broader context, both the industry and services sectors played a more substantial role in the aggregate GDP in the fourth quarter of 2023 compared to the previous year.</p>
<p>On an annual basis, Nigeria&#8217;s GDP growth for 2023 was recorded at 2.74%, demonstrating resilience in the face of economic fluctuations compared to the 3.10% recorded in 2022.</p>
<p>The post <a href="https://techdigest.ng/nigeria-ict-sector-boosts-gdp/">Nigeria&#8217;s ICT Sector Boosts GDP, Records Growth in Q4 2023</a> appeared first on <a href="https://techdigest.ng">Tech Digest News</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">78489</post-id>	</item>
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		<title>NBS reports  61% drop in telecom investments</title>
		<link>https://techdigest.ng/nbs-reports-drop-telecom/</link>
		
		<dc:creator><![CDATA[Abbas Badmus]]></dc:creator>
		<pubDate>Wed, 03 Jan 2024 14:50:22 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Access Bank]]></category>
		<category><![CDATA[MTN Nigeria]]></category>
		<category><![CDATA[NBS]]></category>
		<category><![CDATA[Telecom]]></category>
		<guid isPermaLink="false">https://techdigest.ng/?p=78284</guid>

					<description><![CDATA[<p>NBS reports  61% drop in telecom investments Telecommunications sector investments dwindled to $111.91m in the first three quarters of 2023, marking a substantial 61.22% drop from the $288.55m recorded during the same period in 2022, as reported by the National Bureau of Statistics. This decline aligns with a broader trend of reduced foreign investments in [&#8230;]</p>
<p>The post <a href="https://techdigest.ng/nbs-reports-drop-telecom/">NBS reports  61% drop in telecom investments</a> appeared first on <a href="https://techdigest.ng">Tech Digest News</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>NBS reports  61% drop in telecom investments</strong></p>
<p>Telecommunications sector investments dwindled to $111.91m in the first three quarters of 2023, marking a substantial 61.22% drop from the $288.55m recorded during the same period in 2022, as reported by the National Bureau of Statistics.</p>
<p>This decline aligns with a broader trend of reduced foreign investments in Nigeria, witnessing a 33.99% decrease to $2.82bn in the reviewed period compared to $4.27bn in 2022.</p>
<p>The NBS disclosed that Q3 2023 saw total capital importation into Nigeria at $654.65m, down by 43.55% from Q3 2022. Other Investment led with 77.56% ($507.77m), followed by portfolio investment at 13.31% ($87.11m), and foreign direct investment at 9.13% ($59.77m).</p>
<p>Despite increased 4G and 5G network expansion, foreign investments in the telecoms sector are on a consecutive downward trend. MTN Nigeria, facing forex challenges, maintained network development, with a 6.9% rise in Capex to N405bn.</p>
<p>The company secured a $125m trade facility with Access Bank UK and raised N125bn through commercial paper to bolster Capex deployment.</p>
<p>This dip in foreign investments is poised to continue for the second consecutive year, following a 46.89% fall to $399.91m in 2022 from $753.05m in the previous year.</p>
<p>Industry experts attribute this decline to forex scarcity impacting equipment imports and the cumbersome process of obtaining end-user certificates from security agencies.</p>
<p>The post <a href="https://techdigest.ng/nbs-reports-drop-telecom/">NBS reports  61% drop in telecom investments</a> appeared first on <a href="https://techdigest.ng">Tech Digest News</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">78284</post-id>	</item>
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		<title>Telecoms Investment Grew To $77bn &#8211; NCC</title>
		<link>https://techdigest.ng/telecoms-investment-77bn-ncc/</link>
		
		<dc:creator><![CDATA[Techdigest]]></dc:creator>
		<pubDate>Sun, 17 Sep 2023 18:33:51 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[GDP]]></category>
		<category><![CDATA[NBS]]></category>
		<category><![CDATA[Prof Umar Garba Danbatta]]></category>
		<category><![CDATA[Telecom]]></category>
		<guid isPermaLink="false">https://techdigest.ng/?p=77899</guid>

					<description><![CDATA[<p>Telecoms Investment Grew To $77bn &#8211; NCC Prof. Umar Danbatta, the Executive Vice-Chairman, Nigerian Communications Commission (NCC), says telecoms investment inflow grew from $38 billion to $77 billion by the second quarter of 2023. Danbatta, who spoke in Kano on Saturday at a media parley, revealed that the sector had contributed 16 percent to the [&#8230;]</p>
<p>The post <a href="https://techdigest.ng/telecoms-investment-77bn-ncc/">Telecoms Investment Grew To $77bn &#8211; NCC</a> appeared first on <a href="https://techdigest.ng">Tech Digest News</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>Telecoms Investment Grew To $77bn &#8211; NCC</strong></p>
<p>Prof. Umar Danbatta, the Executive Vice-Chairman, Nigerian Communications Commission (NCC), says telecoms investment inflow grew from $38 billion to $77 billion by the second quarter of 2023.</p>
<p>Danbatta, who spoke in Kano on Saturday at a media parley, revealed that the sector had contributed 16 percent to the nation’s Gross Domestic Product (GDP) within the period under review.</p>
<p>He said that the statistics by the NCC was based on the computation by the Nigeria Bureau of Statistics (NBS).</p>
<p>He said: “From about eight percent contribution to GDP in 2015, when I came on board as the EVC of NCC, quarterly GDP has increased significantly to reach its current threshold of 16 percent.<br />
“And this has continued to positively impact all aspects of the economy.”</p>
<p>Danbatta, however, attributed the success to “thorough sustained regulatory excellence and operational efficiency by the Commission”, adding that the industry has grown in leaps and bounds over the past two decades.</p>
<p>“We have witnessed explosive growth, improved regulatory standards, and digital innovation that have generated global recognition,” he said.</p>
<p>He said that telephone users in Nigeria had hit 218.9 million, internet subscribers 159.5 million, while broadband users in the country now are 88.7 million within the period under review.</p>
<p>Danbatta listed issues of Right of Way (RoW), fiber cuts, the high capital requirement for deployment, multiple taxations, and regulations, among other frustrations, constituting barriers to broadband deployment in the country.</p>
<p>The EVC, however, assured that the NCC would “navigate regulatory complexities, digital divide, and literacy to tackle the challenges”.</p>
<p>He said that the commission would establish an emergency communication center in each of the 36 states of the federation and the Federal Capital Territory, Abuja.</p>
<p>Danbatta said establishing the centers was necessary, so as to bridge the gap between distressed and emergency response agencies in the country.</p>
<p>He explained that the commission had increased the amount of research grants being given to universities from N20 million to N30 million.</p>
<p>He said that three universities had benefitted from the new grant, so far.</p>
<p>“NCC as a regulator is mindful of the fact that telecom is an enabler and catalyst for economic advancement of the country.</p>
<p>“It has consistently made available, affordable and accessible telecoms service to check certain telecoms barriers,” he said.</p>
<p>Danbatta added that the task of the commission as a regulatory agency in the development of the telecommunications sector was to ensure best practices.</p>
<p>He said that this was in view of the fact that NCC was one of the sectors that had contributed to the enhanced growth of the Nigerian economy.</p>
<p>The vice-chairman pointed out that other major challenges confronting the commission included wilful destruction of its facilities and the number of taxes imposed on telecommunication companies.</p>
<p>“The challenges being faced by the commission include 41 categories of taxes imposed on telecommunications companies and wilful destruction of our facilities,” he said.</p>
<p>He said that the commission would continue to engage stakeholders in the media industry in order to keep members of the public abreast of its activities.</p>
<p>The post <a href="https://techdigest.ng/telecoms-investment-77bn-ncc/">Telecoms Investment Grew To $77bn &#8211; NCC</a> appeared first on <a href="https://techdigest.ng">Tech Digest News</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">77899</post-id>	</item>
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		<title>ICT Boosts Nigeria&#8217;s Q2 2023 Real GDP with 19.54% Contribution</title>
		<link>https://techdigest.ng/ict-boosts-nigerias-gdp-with/</link>
		
		<dc:creator><![CDATA[Techdigest]]></dc:creator>
		<pubDate>Tue, 29 Aug 2023 16:59:53 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[GDP]]></category>
		<category><![CDATA[ICT]]></category>
		<category><![CDATA[NBS]]></category>
		<guid isPermaLink="false">https://techdigest.ng/?p=77781</guid>

					<description><![CDATA[<p>ICT Boosts Nigeria&#8217;s Q2 2023 Real GDP with 19.54% Contribution The Information and Communications Technology (ICT) sector played a significant role in Nigeria&#8217;s real Gross Domestic Product (GDP) during Q2 2023, contributing 19.54%. This data, released by the National Bureau of Statistics (NBS) as part of the Q2 GDP report, signifies a notable rise compared [&#8230;]</p>
<p>The post <a href="https://techdigest.ng/ict-boosts-nigerias-gdp-with/">ICT Boosts Nigeria&#8217;s Q2 2023 Real GDP with 19.54% Contribution</a> appeared first on <a href="https://techdigest.ng">Tech Digest News</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>ICT Boosts Nigeria&#8217;s Q2 2023 Real GDP with 19.54% Contribution</strong></p>
<p>The Information and Communications Technology (ICT) sector played a significant role in Nigeria&#8217;s real Gross Domestic Product (GDP) during Q2 2023, contributing 19.54%.</p>
<p>This data, released by the National Bureau of Statistics (NBS) as part of the Q2 GDP report, signifies a notable rise compared to the 18.44% contribution in the same period the previous year.The NBS&#8217;s report also highlights a sequential increase in the ICT sector&#8217;s GDP contribution.</p>
<p>It recorded a growth from 17.47% in Q1 2023 to the current 19.54% in Q2.The ICT sector encompasses four primary activities: Telecommunications and Information Services, Publishing, Motion Picture, Sound Recording, and Music Production, as well as Broadcasting.</p>
<p>The growth of the ICT sector was primarily driven by a substantial 11.64% year-on-year increase in real terms. This growth was largely attributed to the telecommunications sub-sector, which alone contributed 16.06% to the real GDP.</p>
<p>The dominance of mobile network operators like MTN, Globalcom, Airtel, and 9mobile, along with Internet Service Providers, is not only fueling growth within the telecommunications industry but is also acting as a catalyst for economic activities across various sectors.</p>
<p>Broadcasting emerged as the second-highest contributing sub-sector within ICT, adding 2.59% to the GDP.In terms of nominal figures, the ICT sector accounted for 14.83% of the total Nominal GDP in Q2 2023, displaying significant growth from the 12.12% contribution during the same period in 2022.</p>
<p>This performance was also higher than the preceding quarter&#8217;s contribution of 13.23%.Nigeria&#8217;s GDP exhibited a 2.51% year-on-year growth in real terms for Q2 2023.</p>
<p>This indicates a modest increase from the previous quarter&#8217;s 2.31% and a decrease compared to the 3.54% recorded in the same period in 2022.The Services sector stood out as a major driver of Q2 2023 GDP growth, recording an impressive 4.42% increase and contributing 58.42% to the overall GDP.</p>
<p>The agriculture sector experienced growth of 1.50%, an improvement from the 1.2% growth seen in Q2 2022.In contrast, the industry sector&#8217;s growth was at -1.94%, an improvement over the -2.3% recorded in Q2 2022.</p>
<p>Both agriculture and the industry sector contributed less to the overall GDP in Q2 2023 compared to the same period in 2022.</p>
<p>The post <a href="https://techdigest.ng/ict-boosts-nigerias-gdp-with/">ICT Boosts Nigeria&#8217;s Q2 2023 Real GDP with 19.54% Contribution</a> appeared first on <a href="https://techdigest.ng">Tech Digest News</a>.</p>
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