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Report: 5.2 Billion Mobile Subscribers Contribute $4.4 Trillion To Global GDP

5.2 Billion Mobile Subscribers Contribute $4.4 Trillion To Global GDP


5.2 Billion Mobile Subscribers Contribute $4.4 Trillion To Global GDP



In the first half of the year, Nigeria's telecoms sector contributed N5.5 trillion to the country's GDP.

According to GSM Association (GSMA) data, approximately 5.2 billion mobile subscribers contributed approximately $4.4USD Trillion to global GDP.

Mats Granryd, Director-General of the GSMA, announced this in Dubai at the Huawei Global MBB forum.

Granryd praised the industry as a steadying hand for society during the CO-VID 19 pandemic, emphasizing the growing importance of mobile connectivity.

"It is fair to say that the importance of dependable mobile connectivity to all sectors of the economy has never been clearer." The mobile industry has grown in size. 

"The industry had 5.2 billion mobile subscribers and contributed $4.4 trillion to Global GDP," he said.

The GSMA president reiterated a rallying cry for more exclusive frequencies to be assigned to mobile operators at more reasonable prices.

According to him, this, along with 5G connectivity for enterprise verticals and the development of new technology techniques such as virtualized infrastructure, open interface standards, and "mix and match" vendor solutions, are all priorities for ensuring leadership in the next-generation.

Granryd expressed confidence that the industry would continue to invest in infrastructure, develop applications capable of driving economies, and foster strong partnerships across the vendor market in order to bring new technologies to market.

While the Nigerian Communications Commission (NCC) estimates 329 million connected lines in Nigeria as of August 2021, active telephone lines total 189 million. 

However, GDP reports from the National Bureau of Statistics revealed a link between these active lines and other sub-sectors of the information and communications technology (ICT) sector and the country's economy.

According to the National Bureau of Statistics (NBS) report for the first and second quarters of the year, the sector contributed N5.5 trillion to real GDP in the first half of 2021.



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