NCC Remits N463billion To Federal Government\’s Consolidated Revenue

Nigerian Communications Commission (NCC) has remitted N463 billion to the Federal Government’s Consolidated Revenue Fund from 2015 to April 2022.

This was disclosed by the Executive Vice Chairman, NCC, Prof. Umar Danbatta, when he led the management team on a visit to the new Permanent Secretary, Ministry of Communications and Digital Economy, Dr. William Alo, in Abuja.

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Danbatta, while briefing Alo on the status of the industry after his deployment to the ministry, disclosed that the focus of the commission was on its Strategic Vision (Implementation) Plan SVP 2021 – 2025, which took into consideration the provisions of the National Digital Economy Policy and Strategy 2020-2030, and National Broadband Plan 2020-2025.

The EVC said SVP has five focus areas, which include: operational efficiency and regulatory excellence, facilitation of infrastructure provision for the digital economy, promotion of fair competition, inclusive growth and investment, improvement of quality of service, quality of experience and facilitation of strategic collaboration.

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In a statement, signed by the Director of Public Affairs, NCC, Reuben Muoka, Danbatta who led a team of two executive commissioners and directors of the commission to the briefing, listed successes recorded since 2015 as teledensity, broadband penetration and significant contribution of the industry to the GDP that grew from 8.5 per cent in the 4th quarter of 2015 to 12.61 in the 4th quarter of 2021 as the sector also attracted over $2 billion in foreign direct investment over the period.

Other achievements listed by the commission are the recent successful auction of 3.5GHz spectrum for 5G, licensing of seven fibre optics infrastructure providers and an additional 38, 296 kilometer fibre optic to the country’s spectrum.