You are currently viewing MTN CEO urges strategic partnerships as telecoms contribute 14 to GDP Blueprint Newspapers Limited
Representation image: This image is an artistic interpretation related to the article theme.

MTN CEO urges strategic partnerships as telecoms contribute 14 to GDP Blueprint Newspapers Limited

Nigeria’s economy relies heavily on the telecommunications sector, which contributes significantly to the country’s GDP.

According to Toriola, the sector has been a significant contributor to the country’s GDP, accounting for approximately 14% of the total GDP.

The Impact of Telecom Infrastructure on National Productivity

The significance of telecom infrastructure in driving national productivity cannot be overstated. A single operator’s 7 per cent GDP contribution underscores the critical role it plays in facilitating economic growth. This contribution is not limited to the operator itself but has a far-reaching impact on various sectors, including commerce, education, and healthcare.

Key Areas Affected by Telecom Infrastructure

  • Commerce: Telecom infrastructure enables businesses to operate efficiently, facilitating online transactions, and improving customer service. This, in turn, boosts economic growth and creates new job opportunities. Education: Access to reliable and fast internet connectivity is essential for online learning, enabling students to access educational resources and participate in virtual classrooms. This enhances the quality of education and prepares students for the digital age. Healthcare: Telemedicine services, enabled by telecom infrastructure, provide patients with access to medical consultations and treatments remotely. This improves healthcare outcomes, reduces costs, and increases the reach of healthcare services. ### The Ripple Effect of Telecom Infrastructure Investments**

    • The Ripple Effect of Telecom Infrastructure Investments

    Investments in digital infrastructure by MTN have a profound impact on the economy, creating a ripple effect that benefits various sectors. Some of the key effects include:

  • Increased Economic Growth: Telecom infrastructure investments stimulate economic growth by creating new job opportunities, improving productivity, and increasing access to essential services.

    “The digital divide is a major challenge in Nigeria, and it’s not just about the cost of data. It’s about the lack of access to digital infrastructure, the lack of digital literacy, and the lack of digital governance.” MTN Nigeria’s CEO, Rashad Choudry, emphasized the importance of addressing these challenges. “We need to work together to bridge the digital divide. We need to make sure that everyone has access to the internet, regardless of their location or socio-economic status.” MTN Nigeria has taken several steps to address these challenges. *Key initiatives:**

    Initiatives to Address the Digital Divide

          • Affordable Data Plans: MTN Nigeria has introduced affordable data plans to make internet access more accessible to low-income households.

            We need to empower them to innovate and create value,” she said. “We need to create a culture of innovation and entrepreneurship that encourages collaboration and knowledge sharing among our people, our partners, and our government.”

            The Need for Collaboration in Nigeria’s Economic Growth

            Nigeria, a country with a rich cultural heritage and vast natural resources, has been facing significant economic challenges in recent years. The country’s economy has been plagued by corruption, mismanagement, and a lack of investment in key sectors such as infrastructure and human capital.

    • Leave a Reply