Telecom sector drops in GDP contribution for Q1 2015

The contribution of the nation’s telecom sector to the economy took a declining dimension in the first quarter of 2015. This followed its contribution of N1, 344,485.25 million in the first quarter of 2015, in real terms. This figure represents 8.38 per cent contribution to the nation’s Gross Domestic Production (GDP) in the period under review.
According to the National Bureau of Statistics (NBS) in its latest sectorial reports made available to Vanguard, the figure represents the total economic output of the telecoms sector to the economy for the opening quarter of 2015, a marginal decline from the 2014 average contribution of 8.46 per cent.
The study shows that the opening quarter of 2015 recorded a real growth rate of 5.36 per cent, a rise of 0.61 point points from the 2014 average growth rate, which was 4.75 per cent.
NBS said that the only negative year on year growth rates in the industry were recorded in 2011, with the lowest rate reaching 6.45 per cent in the third quarter, yet the following quarter saw the highest rate recording 8.67 per cent, which has not been matched to date.
However, the share of telecommunications in real GDP was said to have fluctuated between a relatively narrow margin between 2010 and Q1 of 2015, peaking at 9.32 per cent in Q1 of 2010, and reaching a low of 7.68 per cent in Q3 of 2012.
Unexpectedly, the annual averages showed steady marginal declines; from 9.03 per cent of real GDP in 2010, it declined to 8.68 per cent in 2011, with marginal declines of 0.04 per cent points in 2012, 0.07 per cent points in 2013 and 0.11 per cent points in 2014.
Subscribers in April 2015
Mobile subscribers using GSM dominate, with 98.34 per cent of the total, followed by CDMA with 1.54 percent of the total, whist fixed wire and wireless make up 0.09% and 0.04% respectively.
Mobile Subscribers (GSM) 
A total of 143,057,324 subscribers were registered with GSM technology to the four networks of MTN, Etisalat, Globacom and Airtel as of April 2015. As shown in figure three, MTN dominated the number of subscriptions, with 61,218,803 subscribers (42.84%) of the total. Globacom followed with 21.00 per cent, whilst Airtel was third most dominant at 20.48 per cent and Etisalat was fourth with 15.69 per cent.
Since May of 2014, monthly growth in GSM subscribers has averaged 0.95 per cent, with the greatest increase being recorded in December of 2014 at 1.97 per cent and the lowest in July of the same year at -0.43 per cent. The growth in subscribers was mainly driven by Globacom, which recorded an average rate of 1.45 per cent over the period, followed by Etisalat with 1.37 per cent and Airtel with 1.29 per cent, whilst MTN recorded the lowest average monthly growth in subscribers at 0.44 per cent.
Fixed Wireless Line 
The fixed wireless line market is also dominated by Visafone, with 55,244 (92.26%) of the 59,881 subscribers using this network as of April of 2015. The remaining 4,637 (7.74%) were held by Multilinks.    Growth in the fixed wireless technology subsector was negative over the period. From the 60,978 subscribers recorded in May of 2014, there was a decline of 1,097 subscribers (1.80%) to the 59,881 subscribers recorded in April of 2015.
The average monthly growth rate totaled -0.12 per cent over the period, with Multilinks again driving the negative average of -7.00 per cent, whilst Visafone had a positive rate of 0.87 per cent.



For the full story, check the Vanguard Newspaper.





























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