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NCC ​Remitted N463b to Federation Account in 5 Years

According to him, the industry’s contribution to the GDP increased from 8.5% in the fourth quarter of 2015 to 12.61 percent in the fourth quarter of 2021. Over the same period, the telecoms sector also attracted over $2 billion in foreign direct investment.

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In the past 5 years, the Nigerian Communications Commission (NCC) transferred N463 billion to the Federal Government’s Consolidated Revenue Fund (CRF).

Prof. Umar Danbatta, Executive Vice Chairman of the Commission, revealed this when he led the management team of NCC on a visit to the Permanent Secretary, Ministry of Communications and Digital Economy, Dr. William Alo.

According to Danbatta, who informed the Permanent Secretary on the state of the business, NCC continues to be a significant contributor to the nation’s Gross Domestic Product (GDP).

According to him, the industry’s contribution to the GDP increased from 8.5% in the fourth quarter of 2015 to 12.61 percent in the fourth quarter of 2021. Over the same period, the telecoms sector also attracted over $2 billion in Foreign Direct Investment.

He mentioned that the Commission’s recent, successful 3.5 gigahertz (GHz) spectrum auction for 5G services, the licensing of seven providers of fiber optic infrastructure, and the addition of 38,296 kilometers of fiber optic as some of the main accomplishments made under his direction.

Reuben Muoka, the NCC’s Director of Public Affairs, endorsed a statement in which he claimed that some access gap clusters in the nation had been decreased from 217 to 114 in order to give 15 million Nigerians access to telecom services.​​

The deployment of fiber optic cables increased from 47,000 kilometers to 54,725 kilometers, he continued.

According to Danbatta, there are now more than 30,0​​00 3G and 4G Base Transceiver Stations (BTS) around the nation.

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Justice Okamgba functions as CONTENT STRATEGIST for TechEconomy.ng with penchant for content planning, development, analysis, management, and measurement. Contact: [email protected]

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