Economy
Reps approve NCC 2022 budget, expects N633 billion revenue
The Nigerian Communications Commission has been approved a sum of N166 billion by the House of Representatives for the year 2022. The expected revenue is N633 billion.
The Chairman of the House Committee of Communications, Akeem Adeyemi (APC, Oyo) on Wednesday 15th, December 2021, presented a report which was approved by the House Committee on Supply.
A clause by clause consideration was made after which the report was adopted and passed.
The telecommunications regulator is expected to generate N633.3 billion in the coming year 2022
The breakdown of the NCC expected revenue is as follows: Licensing fees N1.5 billion, Annual operating levy N124 billion, Spectrum fees N420 billion, and Numbering plan, N9.5 billion.
Others are Administrative charges, N4.4 billion, Type approval fees, N920 million, Sanction fees N165 million, FG intervention for broadband, N41.6 billion, Transfer from reserve N1 billion, and Sundry income of N5 million.
The sum of N466.6 billion will be transferred to the Federal Government of Nigeria.
On expenditure, N86.2 billion has been earmarked for recurrent expenditure, N30.3 billion for capital, special projects N42.4 billion, and N8.82 billion for USFP.
Spectrum license fees
In the 2021 budget, N36 billion was estimated for the spectrum license fee, but by end of May 2021, the NCC had generated N150 billion.
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