NCC Remitted N70bn into Federation Account in Q1

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The Nigerian Communications Commission (NCC), the telecoms business controller, has transmitted N70 billion into the league account in the principal quarter of 2016, definitely from December 2015 to March 2016, as per an announcement discharged by the commission.

The sum is notwithstanding the N30 billion paid by MTN Nigeria Communications Limited as of late, as a section installment of the N330 billion fine hammered by NCC and the $96 million paid by the same MTN, for 5 MHz of 6 openings of 30MHz in the 2.6GHz band closeout that it won for the current year.


The era and abatement of the N70 billion into the organization account by the NCC, is coming during an era when the nation need cash, attributable to its contracting economy, occasioned by the sharp drop in the costs of oil at the worldwide markets.

THISDAY however accumulated that the N70 billion that was transmitted, is a piece of the aggregate commitment of the telecoms segment to the nation's Gross Domestic Product (GDP), which is put at over N1.4 trillion in quarter one, as per money related figures discharged by the National Bureau of Statistics (NBS).

NCC has been in the vanguard of creating non-oil income for the country and under the initiative of its present Executive Vice Chairman, Prof. Umar Garba Danbatta, the commission has kept on creating reserves for the national government, through straightforward closeout of broadband ranges that will develop broadband entrance and make get to a considerable measure simpler and less expensive.

Through its strict however straightforward administrative capacities, NCC could fine MTN a whooping N1.04 trillion as fine for refusal to deactivate 5.2 million unregistered and disgracefully enlisted SIM cards on the MTN system, notwithstanding rehashed notices from the NCC. The fine was however decreased to N330 billion after a few supplication arrangements from MTN and the telecoms organization has paid the total of N80 billion as a major aspect of amazed installment understanding came to between the organization and the NCC.

Affirming the commitment of NCC and the whole telecoms industry to GDP development of the district, the Special Assistant to Danbatta on Media, Yakubu Musa, said: "These and some all the more, including the N1.4 trillion telecom division commitment to the GDP, are doubtlessly, parts of noteworthy accomplishments under Danbatta's initiative."

In light of its money related commitments to the development of the Nigerian economy, combined with its late local grant as the African Regulator of the year at the African Information Technology and Telecoms Awards (AITTA) in Ghana, Danbatta was welcomed close by heads of key government organizations to make a presentation at a two-day retreat on improving income era in the nation.

The retreat, which is adapted towards sharpening partners on the financing of the 2016 Budget, initiated Wednesday in Kano State, finished on July 15.

SOURCE: THISDAY