Home » NCC » How telecoms regulator remits over N360bn to Government
5g new ITR ncc regulator

How telecoms regulator remits over N360bn to Government

NCC, Nigeria telecoms regulator says it has remitted over N360 billion to government account in 5 years

Advertisement

IT News Nigeria

The Executive Vice Chairman/CEO, Nigerian Communications Commission (NCC), Prof. Umar Danbatta revealed this during his presentation to Course 29 Participants at the National Defence College, Nigeria, recently.

He described telecoms as critical in the diversification of the nation’s economy. Speaking on a theme, “The Telecommunications Industry and National Development in Nigeria: The Roles of the NCC in Promoting Digital Economy”, he said, telecoms sector is the life-wire that will drive the National Digital Economy Policy and Strategy (NDEPS) of the Federal Government.”

He noted that the sector plays a dual role of contributing to the Gross Domestic Product (GDP) and being an enabler to other sectors of the economy.

“Telecommunications is key to the diversification of the Nigerian economy, as the telecom sector played a dual role of contributing to the Gross Domestic Product (GDP) and being an enabler to other sectors of the economy,” he said.

The EVC informed that the commission remitted over N362.34 billion as revenue in five (5) years to the Federal Government’s consolidated revenue account.

He listed fixed broadband Infrastructure gap, Right of Way (RoW), Foreign Exchange, Vandalism of telecoms infrastructure, Electric Power Supply, Multiple Taxations and regulations as some of the challenges bedeviling the industry.

On fixed broadband infrastructure gap, he said, the commission will bolster the exiting fibre optic infrastructure across the country by 38,296 km through the Infrastructure Companies (InfraCo) project Initiative.

danbatta regulator
Professor Umar Garba Danbatta


On Row, the NCC boss said, the engagement with the Nigeria Governors Forum on adoption of N145/m as RoW fees has yielded results in Kaduna, Katsina, Imo, Ekiti and Plateau State.
He urged other states governments to key into the success of the digital economy drive by reducing RoW fees and other charges targeting telecom service providers.

READ ALSO  NCC Awards N40m to Ibadan, Bauchi Universities Professorial Chairs

Danbatta’s paper delved into a range of issues, including the correlation between broadband and GDP, telecom contribution to national development, telecom investment trend in Nigeria, telecom contribution to digital economy, conceptualisation of digital economy, among others.

In his remarks, the Commandant of the National Defence College, Rear Admiral Mackson Kadiri, appreciated the EVC, describing his paper as in-depth, incisive and timely, giving the pivotal role the telecom sector plays in ensuring National Security and National Development.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

5g new ITR ncc regulator

Nigeria has not concluded plans for 5G network – Regulator

NCC says 5G consultation ongoing in ...

NCC

NCC, Danbatta Bag New Telecoms Awards

NCC says it has been recognised ...

ncc New ITR danbatta

Fair Leadership Solution to Nigeria Economy Crisis – Danbatta of NCC

Danbatta says Nigeria needs a shifting ...

ncc New ITR danbatta

NCC okays MTN and 9Mobile for e-SIM trial 1 week after granting them National Roaming Service

NCC has approved MTN Nigeria and ...

ncc New ITR danbatta

NCC says MTN, 9mobile are 3 months into National Roaming Service trial

NCC says MTN and 9mobile roaming ...