The Nigerian Communications Commission has so far remitted N463 billion directly into the Federal Government’s Consolidated Revenue Fund (CRF) in the last five years.
This disclosure was made while the Executive Vice Chairman of the Commission, Prof. Umar Garba Danbatta with the management team of NCC visited the Permanent Secretary, Ministry of Communications and Digital Economy, Dr. William Alo who briefed them on the status of the industry after his recent appointment to the Ministry.
Prof Danbatta who led a team of two executive commissioners and directors of the Commission to the briefing listed successes recorded since 2015 by the commission.
Consolidated Revenue Fund is a general fund of government into which all receipts are paid into and out of which all withdrawals, except those that are charged on other funds, are made from in accordance with the Constitution
According to Section 80(1) of the 1999 Constitution, “all revenues or other money raised or received by the Federation (other than revenues or other money payable under this Constitution or any Act of the National Assembly into any other Public Fund established for a specific purpose) shall be paid into and form one Consolidated Revenue Fund of the Federation.”
The NCC chief executive listed some other key achievements of the Commission under him including the recent successful auction of 3.5GHz spectrum for 5G services, licensing of 7 fibre optics infrastructure providers, and adding up to 38,296 kilometers of fibre optic in the country.
Click Here To Read: NCC Remits N362.34 Billion to FG’s Consolidated Revenue Fund in Five Years
Danbatta noted that access gap clusters in the country have been reduced from 217 to 114 to enable 15 million Nigerians to have access to telecommunications services, and increase of fibre optics deployments from 47,000 kilometers to 54,725 kilometers.
The EVC revealed that the 3G and 4G Base Transceiver Stations (BTS) in the country have increased from less than 30,000 in 2015 to 53,460 while 7 VSAT gateway earth stations have been licensed to boost broadband penetration in the country.
