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NCC generates N150 billion from spectrum license fees in five months
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The Nigerian Communications Commission (NCC) has said that it generated a revenue of over N150 billion from spectrum license fees within the first 5 months of 2021, exceeding its N36 billion projection for the year.
This figure represents an over 400% increase in budgeted revenue performance with respect to spectrum fees generated by the commission between January 1 and May 31, 2021.
According to the News Agency of Nigeria (NAN), this disclosure is contained in a statement issued by NCC’s Director, Public Affairs, Dr Ikechukwu Adinde, on Sunday, July 4, 2021, in Abuja.
Adinde said that this performance reflected a significant contribution to the revenue drive of the Federal Government adding that the N150 billion spectrum revenue achieved in the first half of the year has been remitted to the government in line with the provisions of the Nigerian Communications Act (NCA), 2003.
Emma Okonji
The Nigerian Communications Commission (NCC) has recorded N150 billion from spectrum licence fees within five months of 2021.
Data from NCC showed that the revenue exceeded its initial N36 billion projected figure from spectrum licence fees.
The figure represents over 400 per cent increase in revenue budget performance in respect of spectrum fees generated by the commission between January 1 and May 31, reflecting a significant contribution to the revenue drive of the federal government.
NCC, in a statement yesterday by its Director, Public Affairs, Dr. Ikechukwu Adinde, said the N150
billion spectrum revenue achieved in the first five months of the year had been remitted to the federal government in line with the provisions of the Nigerian Communications Act (NCA), 2003, which mandates the commission to remit proceeds from spectrum resources wholly into the government’s Consolidated Revenue Fund (CRF).