The Nigerian Communications Commission, NCC, has remitted N362.34 billion into the Federal Government Consolidate Revenue Fund, CRF, from 2015 to date.
The NCC Executive Vice Chairman, Prof. Umar Danbatta, made the disclosure in an interactive session on Friday in Abuja.
According to him, the revenue was realised through spectrum fees and operating surplus, which he noted helped to boost the revenue generation drive of the present administration.
The executive chairman also said that NCC had continued to collaborate with academics to support the development of the innovative services and life-changing solutions through information and communications technologies.
“The Commission has so far released N336.4 million as research grants to the academia and has endowed professional chairs in two Nigerian universities.
“More importantly, we have empowered the Nigerian youth by promoting their ingenuity and innovation in the development of locally-relevant technology solutions.
“The latest of such was the 2020 NCC Virtual Hackathon, where we gave N9 million in grant to three top promising tech startups for solutions, aimed at addressing the impact of COVID-19 and diseases in thematic areas of health, community, productivity, economy and transportation,” he said.
Mr Danbatta added that the broadband penetration in 2015, when he first assumed office as Executive Vice Chairman, was six per cent.