The Nigerian Communications Commission has made over N150bn from spectrum license fees in just five months of 2021.

This information is contained in a statement issued by NCC’s Director of Public Affairs, Dr Ikechukwu Adinde titled ‘NCC surpasses revenue projection, post N150bn spectrum fee in five months’.

Adinde said, “The figure represents over 400 per cent increase in revenue budget performance in respect of spectrum fees generated by the commission between January 1 and May 31, 2021, reflecting significant contribution to the revenue drive of the Federal Government.

“Accordingly, the N150bn spectrum revenue achieved in the first half of the year has been remitted to the Federal Government in line with the provisions of the Nigerian Communications Act, 2003, which mandates the commission to remit proceeds from spectrum resources wholly into the government’s Consolidated Revenue Fund.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here