NCC surpasses income projectIon, makes N150bn in 5 months
The Nigerian Communications Commission (NCC) has exceeded its N36 billion projected income from spectrum license charges for 2021, having recorded over N150 billion from the income supply throughout the 5 months of the yr.
The determine represents over 400 per cent improve in income price range efficiency in respect of spectrum charges generated by the Commission between January 1 and May 31, 2021, reflecting a big contribution to the income drive of the Federal Government.
Accordingly, the N150 billion spectrum income achieved within the first half of the yr has been remitted to the Federal Government in step with the provisions of the Nigerian Communications Act (NCA), 2003, the NCC mentioned.
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The Commission, in its 2021 Budget which was thought-about and authorized by each chambers of the National Assembly in December 2020, projected a income of N36 billion from spectrum charge for the yr 2021 however has remarkably surpassed this estimate.
Over the years, the NCC has put in place an efficient regulatory regime that has considerably facilitated developments within the nation’s telecoms trade, boosted Gross Domestic Product (GDP), and improved the operations of licensees in addition to boosted Federal Government’s income era.
Commenting on the income efficiency, the Executive Vice Chairman of the Commission, Prof. Umar Garba Danbatta, mentioned the spectacular uptick in spectrum charge was the results of the beneficial flip of occasions for the telecom sector, which on the time of making ready the estimates for the 2021 Budget of the Commission was not clear because of the ravaging affect of COVID-19 on the worldwide financial system.
Danbatta famous that the 10-year spectrum charges made by among the main operators immediately impacted the projected spectrum charge favourably, including that the Commission believes that enthronement of efficient regulation will proceed to enhance the final efficiency of the telecoms sector.
On October 28, 2020, Danbatta informed members of the House Committee on Telecommunications whereas on an oversight operate to the Commission that the NCC had generated and remitted N344.71 billion to the Federal Government’s CRF within the final 5 years.
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During the oversight go to, the Chairman of the Committee, Hon. Akeem Adeyemi, recommended NCC’s Management for the feat and urged the Commission “to sustain its regime of effective regulation of the telecoms sector in a manner that would be more mutually beneficial to the industry stakeholders, including the consumers of the telecoms services, the operators and the Nigerian government.”
NCC surpasses revenue projectIon, makes N150bn in 5 months