NIGERIAN Communications Commission, NCC, has disclosed that with a contribution of nearly N1.4 trillion (1.11 percent growth in the real term) to the Gross Domestic Product, GDP, in the third quarter of 2016, the telecommunications sector still remains the toast of the economy. The commission in a statement signed by the director of Public Affairs, Mr. Tony Ojobo, and made available to journalists yesterday in Abuja, read: “Reports released on November 21, 2016 National Bureau of Statistics NBS, state that telecommunications contributed N1.398Trillion representing 1.11percent addition to the GDP. Although this figure is slightly lower than the N1.5 trillion recorded in quarter 2 of 2016, the NBS says the figures reflect the signs of the times.” Ojobo said the GDP for telecommunication as at Q3 of 2016 under Information and Communication contracted 0.95 percent in Q3 2016 from 1.49 percent in Q2 2016 and 4.69 percent in Q3 2015. The information and communication sector contributed 9.9 percent to total nominal GDP in third quarter of 2016, which is the same rate as recorded in the same quarter of 2015, but lower than the 12.6 percent it contributed in the preceding quarter. The sector grew by 1.11 percent in real terms, year on year in the Q3 of 2016 from the recorded rate in the period of 2015, which was 4.16 percent point lower and also lower by 0.25 percent points when compared with the rate recorded in the second quarter of 2016. The International Standard Industrial Classification (ISIC Revision 4.0) is the international reference for the classification of productive activities. Its main purpose is to provide a set of activity categories that can be used for the collection and reporting of statistics. Revisions of the ISIC on the gross output are based on the Revenue from telephone, telex, facsimile, telegraph and other income from satellite and internet services. The Intermediate consumption while Transit fees, operational expenditure, minor repairs and maintenance and other expenses of the telecommunication and information services are recorded in the ISIC Report. The Gross Domestic Product constant basic prices for information and communication under the Telecommunications and Information Service as at Q1 of 2015 is N1.3trillion and Q2 of 2015 is N1.5trillion and Q3 of 2015 is N1.3trillion and Q4 of 2015 is N1.6trillion which is a total of N5.9trillion for the year 2015. Mobile telephone subscription increased from 149million in Quarter 2 of 2016 to 153million as at September 2016 (Q3) and teledensity now is 109percent. There are currently five Mobile Network Operators, MNOs, viz Airtel Nigeria Limited, Etisalat Nigeria, Globacom Nigeria Limited, MTN Nigeria Communications Limited and NATCOM Consortium trading as Ntel. Fixed Wireless Operators include IPNX, 21st Century Nigeria Limited, Glo Wired and MTN Wired in that order who have contributed to the growth of the sector meaningfully.