IBADAN, Nigeria (VOICE Of NAIJA)- The Nigerian Communication Commission (NCC) says it plans to generate over N500 billion as revenue from the auctioning of two 5G spectrums in 2023.
Prof. Umar Danbatta, the Executive Vice-Chairman, NCC, said this at an interactive meeting on 2023-2025 MTEF-FSP, organised by the Senate Committee on Finance on Monday in Abuja.
Danbatta said that the commission had already initiated the bidding process for auctioning of the spectrums.
He said that NCC generated N257 billion in the first quarter of 2022, saying N195 billion out of the amount has been remitted to government coffers.
Danbatta said from April to August, N318 billion was generated by the NCC, out of which N214 was remitted.
He advised Nigerians to make use of the 112 emergency national number to report cases of emergency like fire outbreak, accidents and toll free number 622 to lodge complaints on drop calls.
The Chairman of the Committee, Sen. Solomon Adeola said the Senate would continue to encourage NCC to improve its revenue generation profile to the government.
Adeola said that the expected NCC revenue in 2023 would help reduce the deficit proposed in the 2023 budget.