How ban on sales of SIM cards stifled Nigeria’s telecoms growth in Q1 2021

How ban on sales of SIM cards stifled Nigeria’s telecoms growth in Q1 2021

The telecommunications sector posted a single-digit growth in the first quarter (Q1) 2021, as the ban on sales of subscriber identity module (SIM) cards slowed down performance within the period. 

Figures from the first-quarter gross domestic product (GDP) report released by the National Bureau of Statistics (NBS) on Sunday show that the information and communication sector recorded a growth rate of 6.47 percent — first single-digit growth since the first quarter (Q1) 2020.

The performance in the sector was a result of a 7.69 percent sluggish growth in the…

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How ban on sales of SIM cards stifled Nigeria’s telecoms growth in Q1 2021

 

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