The Nigeria Communication Commission (NCC) has projected to generate over N500 billion naira as revenue for the 2023 fiscal year.
The Executive Vice Chairman of the Commission, Professor Umar Danbatta made this known at an interactive meeting on 2023-2025 MTEF-FSP.
He said the revenue would be realised from the auctioning of two 5G spectrums of which the bidding process of the spectrums had already began.
Professor Danbatta further explained that NCC had generated N257 billion in the first quarter, of 2022, while N195 billion was remmited to federal government coffers.
He said from April to August, N318 billion was generated, while N214 was remmited.
According to him, the fund realised was occasioned by the auctioning of two 5G spectrums at the rates of N263 million and N273 million dollars.
He said NCC from 2017 to 2021 had also generated N799 billion and remmited 423 billion to government.
The Vice Chairman advised Nigerians to make use of the 112 emergency national number to report issues of emergency like fire outbreak, accidents, among others and toll free number 622 to lodge complaints on issues relating to drop calls.
The Chairman of the Committee, Senator Solomon Adeola said the Senate would continue to encourage NCC to improve its revenue generation profile to Federal Government.
He also advised NCC to continue to help in facilitating the process of other revenue generation agencies via its operations where necessary.
Bashir Mayere
