Exploring the telecommunications sector to bring the nation out of recession

Nigeria's Gross Domestic Product (GPD) has continued to rise since the licensing of private telecommunications companies in the country. The contribution of the telecommunications sector to the Nigerian economy cannot be over emphasized and it can still be used to bring the nation out of its current economic recession state. There are still a lot of untapped resources in this sector. If we go back in time, we recall that the sector contributed about 10.5% increase to the economy in 2014 and it rose more in 2015.
In the first quarter of 2015, the nations economy witness about NGN1.5 billion increase as a result of an active telecommunications sector. The telecommunications sector is one of the options being explored by the government to bring the country out of the present  recession.
MTN Nigeria still remains the largest telecoms company with a subscriber base of about 62.3 million resulting in about 43% of the market growth rate.
Globacom remains in the second position with 29.5 million subscribers resulting in about 20% of the market growth rate.
Airtel and Etisalat have 27.5 million and 22.3 million subscribers respectively. This amounts to 19.5% and 16.1% growth rate in the market respectively.
Airtel still remains a major treat to Globacom's footage in the market as it is putting all resources together and working tirelessly to assume the position of the second largest telecommunications company in Nigeria.

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