September 26, 2022

Welcome, Login to your account.
Recover your password.
A password will be e-mailed to you.

Nigerian Senate Not In Talks On Impeachment
Nigeria to Generate N500b from 5G Spectrum in 2023
Commission Extends Application Deadline for Mobile Virtual Network Operators Licence
Nigeria Labour Congress Launches Book on Historical Struggle
Ethiopia Accuses Eritrea of Starting Attack
Protesters Reject EU Oil Project Policy in Uganda
Equatorial Guinea Abolishes Death Penalty
Police Detain Party Leaders in Tunisia

Putin Ally Backs Separatist Referendums in Ukraine
One killed in Palestinian Clashes
Typhoon Batters Japan
World Athletics Ratifies Tobi Amusan Hurdles Record
NYSC kick-starts 2022 annual sports, cultural festival
Ultra runner Aleksandr Sorokin breaks his own 24-hour record
NBA star builds basketball academy in Enugu
The Nigerian Communication Commission, NCC has disclosed its plan to generate over 500 billion naira  in 2023 fiscal year through the 5G spectrum.
The Executive Vice Chairman of the NCC, Professor Umar Danbatta, made this known in Abuja, Nigeria’s capital  at an  interactive meeting on 2023-2025 Medium-Term Expenditure Framework , MTEF, and Fiscal Strategy Papers , FSP  organised by the Nigerian Senate Committee on Finance.
Danbatta said the projected revenue would be realised from the auctioning of two 5G spectrums and the bidding process for auctioning  of the spectrums  in 2023.
He also revealed that NCC had generated N257 billion in the first quarter of 2022, while N195 billion was remitted to government coffers.
The NCC Boss explained that from April to August, N318 billion was generated while N214 billion was remitted.
According to Danbatta  the fund realised was occasioned by the auctioning of two 5G spectrums at the rates of $263 million and $273 million.
“ The NCC from 2017 to 2021 had also generated N799billion  and remitted N423billion to the government.
“The target was to hit 75 per cent penetration in 2025. Hopefully, we will achieve 50 per cent penetration by end of 2022,” he stated.
Professor Danbatta advised Nigerians to make use of the 112 emergency national number to report issues of emergency  such as fire outbreak, accidents, among others, and a toll free number, 622, to lodge complaints on issues relating to drop calls.
The Chairman of the Committee, Senator Olamilekan Adeola, said the Senate would continue to encourage NCC to improve its revenue generation profile to the Nigerian Government.
 
 
Confidence Okwuchi
Prev Post

Next Post

Nigerian Senate Not In Talks On Impeachment
Commission Extends Application Deadline for Mobile Virtual Network Operators Licence
Nigeria Labour Congress Launches Book on Historical Struggle
Successful Operation: President Buhari Commends Anti-Narcotics Agency
Your email address will not be published.







FEATURED NEWS
Nigerian Senate Not In Talks On Impeachment
World Athletics Ratifies Tobi Amusan Hurdles Record
Successful Operation: President Buhari Commends Anti-Narcotics Agency
Nigerian Government Set to Adjust Workers’ Pay
Latest News
Ethiopia Accuses Eritrea of Starting Attack
Protesters Reject EU Oil Project Policy in Uganda
World Tourism Day to Focus on Aquatic Tourism
Welcome, Login to your account.
Recover your password.
A password will be e-mailed to you.

source

Leave a Reply

Your email address will not be published.