Telecoms overtakes finance: Nigeria's new growth driver

    Dr. Oluyemi Adeosun | Editor’s picks | Sep 04, 2025    
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In the hierarchy of Nigeria's GDP contributors, finance has long been one of the top service-sector performers, matched only by trade, real estate, and oil. But the latest GDP data marks a symbolic shift: telecommunications and information services have definitively overtaken financial institutions in their share of economic output. This is more than a statistical milestone; it reflects the fundamental reconfiguration of Nigeria's growth drivers in an increasingly digital economy.

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