ADVERTISEMENT
TechEconomy
Saturday, May 31, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Report on NCC N17bn Budget Deficit Inaccurate – Spokesperson

Report on NCC N17bn Budget Deficit Inaccurate – Spokesperson

Techeconomy by Techeconomy
April 26, 2023
in Telecoms
0
NCC - Nigerian Communications Commission LOGO
NCC - Nigerian Communications Commission LOGO

NCC - Nigerian Communications Commission LOGO

RelatedPosts

Fibre 2 Hostel

GBB Joins Forces with Tizeti, Huawei and NBAN as FG Launches Fibre 2 Hostel

May 30, 2025

EMOSIM Launches ‘Travel eSim’, Connecting 190 Countries

May 29, 2025

The Nigerian Communications Commission (NCC), has slammed online publications that suggested the Commission incurred a ‘Deficit of N17bn, Spending N35.2bn on Personnel, Consultancy Fees’.

In a statement signed by Mr. Reuben Muoka, Director of Public Affairs at NCC, the Commission expressed concerned with the inability of the online publication to accurately interpret the contents of its 2021 Annual Reports which have been made public.

The Commission went ahead to argue that it remitted an Operating Surplus/Spectrum Fees of estimated N197.7bn to the Federal Government, under the same Financial Performance Reporting period, and had a bank balance of about N46.97bn, erasing any doubt that there was any deficit spending.

The Statement reads:

“The attention of the Nigerian Communications Commission, NCC, has been drawn to an online publication with a headline titled: “NCC Incurs a Deficit of N17bn, Spending N35.2bn on Personnel, Consultancy Fees”.

“The Commission is concerned with the inability of the online publication to accurately interpret the contents of its 2021 Annual Reports which have been made public.

“As a result, the publication gave a wrong impression that the Commission incurred a N17bn deficit because of expenditures on personnel and consultancy fees. This is far from the truth.

“Though the Statement of the Financial Performance of the Commission for the period ended December 2021, clearly indicates that the sum of N17.3bn was a “Surplus/(Deficit) retained for the period)”, this does not imply that the Commission incurred a cash deficit as the expenditure in its financials were both in cash and accruals applicable to the year.

“If the publication had inquired of the constituents of our expenditure, it would have learnt that the expenditures for the year 2021 included accruals for items undergoing procurement at the end of the year, like the State Accelerated Broadband Initiative, SABI, being implemented by the Commission, which was standing in the sum of about N24bn in the financial report.

“The Commission also remitted an Operating Surplus/Spectrum Fees of estimated N197.7bn to the Federal Government, under the same Financial Performance Reporting period, and had a bank balance of about N46.97bn, erasing any doubt that there was any deficit spending.

“The Commission, therefore, disclaims the wrong impression created by the above headline, and subsequent misinterpretation of our financial report in the publication may have had in the minds of the public, and stakeholders.

“The Commission reiterates its commitment to effective and transparent processes in all its regulatory, management and financial activities.

Loading

Advertisements
MTN ADS

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: NCCReuben Muoka
Previous Post

Here’s how we built our company culture without going broke

Next Post

Again, MultiChoice Increases Tariffs for DSTV, GOTV Packages

Techeconomy

Techeconomy

Related Posts

Fibre 2 Hostel
Telecoms

GBB Joins Forces with Tizeti, Huawei and NBAN as FG Launches Fibre 2 Hostel

by Peter Oluka
May 30, 2025
0

In a significant stride towards bridging the digital divide and empowering Nigerian students with reliable internet access, the Federal Ministry...

Read more
Emosim launches eSim

EMOSIM Launches ‘Travel eSim’, Connecting 190 Countries

May 29, 2025
Lagos Accounts for 25% of MTN Nigeria’s Traffic” – CEO Karl Toriola at MyLagosApp Launch | Infrastructure

Toriola: 2025 is about Fixing Quality with N900 Billion Infrastructure Push

May 29, 2025
FCCPC - Toriola, MTN Executives Accused of Dodging Court Summons

FCCPC: Toriola, MTN Executives Accused of Dodging Court Summons

May 28, 2025
9mobile Secures National Roaming Approval, Eyes Survival Through MTN’s Network

9mobile Secures National Roaming Approval, Eyes Survival Through MTN’s Network

May 28, 2025
Telcos, Telecoms 50% Tariffs, Internet, MNOs, Network Providers - the Big Four & Rising Costs | Connectivity in Nigeria

The Price of Staying Connected in Nigeria

May 28, 2025
Next Post
Again, MultiChoice Increases Tariffs for DSTV, GOTV Packages

Again, MultiChoice Increases Tariffs for DSTV, GOTV Packages

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.