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NCC rakes in N362.34bn in 5 years

NCC rakes in N362.34bn in 5 years

File photo of the Nigerian Communications Commission, NCC

The Executive Vice Chairman of the Nigerian Communications Commission, NCC, Professor Umar Danbatta disclosed that the Commission has remitted N362.34 billion into the Federal Government Consolidate Revenue Fund from 2015 to date.

Prof Umar Danbatta said the revenue was realised through spectrum fees and operating surplus, which he claimed helped to boost the revenue generation drive of President Mohammadu Buhari’s administration.

He further stated that there has always been support from the Commission toward the development of the innovative services and life-changing solutions with the use of information and communications technologies for the promotion of indigenous content through collaboration with academics.

The NCC boss reiterated that the Commission had so far released N336.4 million as research grants to the academia, endowed professional chairs in two Nigerian universities and 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 the Commission 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.’

Danbatta noted that the broadband penetration in 2015, when he first assumed office as Executive Vice Chairman, was six per cent but is now 42 per cent as at July, 2020 and this achievement is as a result of key policy initiatives to improve broadband penetration embarked upon by the Commission.

Uchechi Ojo
Uchechi Ojo, is a Lagos-born and based writer, newscaster and voice-over artist. A versatile and committed journalist with the yearning to make a difference in the industry. She writes balanced, informative and interesting stories. Uchechi has the ability to interact and listen with rapt attention, excellent time management and great communication skills while paying attention to detail. She is very approachable and a good team player. Instagram | LinkedIn
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