October 2, 2022 7:22 am

TTC/USD : $0.0021

Stats

2 Shares

Sponsored

NEWS

From the sale of 5G spectrum, NCC to make N500bn.

Facebook
Twitter
LinkedIn
WhatsApp
images 11
According to the Nigeria Communication Commission, the auction of two 5G spectrum licenses in 2023 will bring in over N500 billion for the federal government.
The NCC’s Executive Vice-Chairman, Prof. Umar Danbatta, made this statement on Monday, September 19th, 2022, Abuja at an interactive meeting on the 2023–2025 MTEF–FSP that was sponsored by the Senate Committee on Finance.
According to Danbatta, the commission has already started the auctioning procedure for the spectrums.
He claimed that in the first quarter of 2022, NCC generated N257 billion, of which N195 billion was sent to the government’s coffers.
According to Danbatta, the NCC generated N318 billion between April and August, of which N214 was repatriated.
He said that the money was raised as a result of the sale of two 5G spectrums for N263 million and N273 million.
He pointed out that between 2017 and 2021, NCC generated N799 billion and sent the government 423 billion.
He noted that over 80 million Nigerians have access to high-speed internet, and that broadband penetration in the country is currently at 44%, with around 150 million people.
He claimed that the goal was to achieve 75% penetration by 2025. The commission, he continued, hoped to reach 50% penetration by the end of 2022.
The NCC EVC recommended Nigerians to call the toll-free number 622 to complain about dropped calls or to report incidents of emergency such as fire breakouts and accidents.
Senator Solomon Adeola, the chairman of the committee, stated that the Senate would continue to urge NCC to enhance its profile for generating income for the government.
According to Adeola, the deficit in the budget for 2023 would be lessened by the anticipated NCC revenue in 2023 – NAN.

SOURCE: PUNCH NEWS 

Get Mailed when an update on this breaks

Follow Trennews

Trennews

Reporting

guest
0 Responses
Inline Feedbacks
View all comments

Sponsored

TrenApps

…activities to grow your tokens

General

Dizcuz

Leave Comments on Posts

TLSC

Trentimes Link Share Club. Share links in bulk

Sabi

Provide good responses to topics and earn up to 1000TTC​

Affili8

Get commissions on every successful sale

Resource

Datasub

Hottest Data Deals, Buy with Trencons supported

Farming & Interest

cropped 1folio.net

1folio

Farm Trencoins and grow them

Content

PostPad

Create and publish content

IdeaPad

Get ideas on hot topics

Add Sequence

For creating courses and tutorials

Your Referral link

TTC/USD : $0.0021

Trentimes by Schwiz Web

Share & Earn!

Gat Paid & Cycle N1000 when you reshare any news with your unique link given you. Join Trentimes Share & Earn

Login or Sign Up to Support Trennews

Upon Registration, You will be credited with 27TTC

Login | Register

Bringing All Kinds Of People Together

Create a voice online and make money! Trentimes offers a content monetization platform for those who want to share their thoughts, knowledge, expertise or just want to share their interests without necessarily being concerned about money. Express yourself on Trentimes!