Wednesday, August 17, 2022

NCC remits N362.34bn revenue into federation account

Must read

Rayyan Alhassan
Rayyan Alhassan is a graduate of Journalism and Mass Communication at Sikkim Manipal University, Ghana. He is the acting Managing Editor at the Daily Nigerian newspaper, a position he has held for the past 3 years. He can be reached via [email protected], or, or @Rayyan88 on Twitter.
- Advertisement -

The Nigerian Communications Commission, NCC, says it remitted N362.34 billion revenue to the Federal Government’s consolidated account in five years.

NCC Executive Vice-Chairman, Umar Danbatta, said this while making a presentation to Course 29 Participants of the National Defence College, in Abuja.

The Director of Public Affairs, NCC, Dr Ikechukwu Adinde, made this known in a statement on Friday in Abuja.

Mr Adinde said that Danbatta spoke on the theme, “The Telecommunications Industry and National Development in Nigeria: The Role of NCC in Promoting Digital Economy.

He said that the telecoms sector was the life-wire that would drive the National Digital Economy Policy and Strategy, NDEPS, of the Federal Government.

READ ALSO:   19 ships discharge petrol, others at Lagos ports

He noted that the sector play dual role of contributing to the Gross Domestic Product, GDP, and that of being an enabler to other sectors of the economy.

“Telecommunications is key to the diversification of the Nigerian economy, as the telecom sector plays a dual role of contributing to the Gross Domestic Product (GDP) and being an enabler to other sectors of the economy,” he said.

He listed fixed broadband infrastructure gap, Right of Way, RoW, Foreign Exchange, Vandalism of telecoms infrastructure, Electric Power Supply, Multiple Taxations and regulations as some of the challenges bedeviling the industry.

On fixed broadband infrastructure gap, he said, the commission would bolster the exiting fibre optic infrastructure across the country by 38,296 km through the infraCo project Initiative.

READ ALSO:   OAU dismisses another lecturer for sexual harassment

On Row, he explained that the engagement with the Nigerian Governors Forum on adoption of N145 per metre as RoW fees has yielded results in Kaduna, Katsina, Imo, Ekiti and Plateau.

He also spoke on other issues, including the correlation between broadband and GDP, telecom contribution to national development, telecom investment trend in Nigeria, telecom contribution to digital economy and conceptualisation of digital economy.

He, therefore, urged state governments to key into the success of the digital economy drive by reducing RoW fees and other charges targeting telecom service providers.

In remarks, the Commandant of the National Defence College, Rear Admiral Mackson Kadiri appreciated Danbatta, describing his paper as indepth, incisive and timely.

READ ALSO:   TETFund research development committee unveils plans for 2022


the sun newspaper

- Advertisement -

More articles


Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

- Advertisement -

- Website Designed By DEBORIAN.COM, a Nigerian Web Designer and Web Developer -