According to Balogun (2000), GSM facilitates economic development as it provides easy and effective communication need to stimulate and promote trade between Nigeria and its foreign partners in the world. Even at home, it play a cynical role in communicating government programmes thereby linking to entire sector of the economy together in order to achieve a common goal. Above all it encourages investment which in the long run promotes employment opportunities.
At microeconomic level, the sector contributes to GDP increased by 53% in 2003 making it the third highest contributor above of the financial sector which has been in operation for
about 100 years. In respect of employment, over 200,000 persons have been directly and indirectly employed by the operators and their distribution chain components while industries support service sectors like banking, insurance, consultancies, shipping and IT as well as the small and medium scale enterprises (SIM) segment of the economy have also witnessed very significant levels of increased activity.
According to a report in Nigeria Tribute Newspaper of July 16, 2004, government treasury has been boasted by payment of over 200 billion naira in taxes and levies. National productivity has also been enhanced as travel times and associated risks have been reduced. Business communications improve and the rural-urban migration narrowed down. Social and family relationship and the security situation have also been significantly enhanced.
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