The Federal Government gained N150 billion from Spectrum licence revenue in five months through the Nigerian Communications Commission (NCC), Checkout Magazine learnt.
The revenue exceeded the commission’s N36 billion projected revenue from spectrum licence fees for 2021.
According to NCC’s Director of Public Affairs of NCC, Dr. Ikechukwu Adinde, the figure represents over 400 per cent increase in revenue budget performance on spectrum fees generated between January 1 and May 31, 2021.
Adinde announced in a statement that the feat reflected the “significant contribution to the revenue drive of the Federal Government”.
He said: “The commission, in its 2021 budget, which was considered and approved by both chambers of the National Assembly in December, 2020, projected a revenue of N36 billion from spectrum fee for the year 2021 but has remarkably surpassed this estimate.
“Over the years, the NCC has put in place an effective regulatory regime, which has significantly facilitated advancements in the nation’s telecoms industry, boosted the GDP, and improved the operations of licencees as well as boosted Federal Government’s revenue generation.”
