How NCC grew total remittances to Federal Government’s coffers toN344bn in 2020
The total remittances by NCC into the Federal Government’s coffers from 2015 grew and reached N344bn in 2020, according to NCC.
In a report obtained by The Daily, www.thedaily-ng.com, it stated: “The revenue was essentially generated from spectrum sales, operating surplus and sanctions. So, aside from spectrum auctions, NCC also engaged in spectrum re-planning, re-farming to optimise the usage of the scarce resource while it continued to address the quality of service (QoS) delivery through effective monitoring of Key Performance Indicators (KPIs) and development of KPIs for Third Generation (3G) and Fourth Generation (4G) networks.
“All these are in a bid to ensure improved service delivery to telecom consumers. Interestingly, the Commission has received commendation on this financial performance from the House Committee on Telecommunications, who visited the Commission on an oversight function sometime in October 2020. “
It added: “The committee commended the leadership of the Commission for its transparency in ensuring remittances to FG’s CRF, considering the current revenue drive of the government. The committee urged the NCC to sustain its current template of ensuring effective regulation of the telecoms sector in a manner that would be more mutually beneficial to the industry players, the consumers of telecoms services and to the Nigerian government.”
