Telecoms Pump ₦5.2trn Into Nigeria's GDP As Sector Hits 2-Year High

The telecommunications and information services sector in Nigeria contributed a staggering ₦5.2 trillion to the nation's Gross Domestic Product (GDP) in the second quarter of 2026, marking a two-year performance peak and reaffirming its role as the backbone of the modern Nigerian economy.

Data released by the National Bureau of Statistics (NBS) shows that the telecom sector continues to outperform many other sectors despite persistent macroeconomic headwinds, exchange rate volatility, and rising operational costs faced by network operators.

Industry analysts have attributed the sharp growth to rising data consumption, widespread adoption of mobile fintech and digital payment channels, and expanded broadband penetration driven by telecom investments in network infrastructure.