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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).

Emma okonjiHakeem adeyemiIkechukwu adindeUmar garba danbattaHouse committee on telecommunicationsRevenue fundPublic affairsNigerian communications actNigerian communications commissionConsolidated revenue fundNational assemblyGross domestic productExecutive vice chairmanHouse committeeவீடு குழு ஆன் தொலைத்தொடர்புவருவாய் நிதி