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Over N362bn remitted to FG’s Consolidated Revenue Fund through spectrum fees -Danbatta

By Juliet Umeh

The Executive Vice Chairman of the Nigerian Communications Commission, NCC, Prof. Umar Danbatta, has revealed that NCC has since 2015 he assumed office till now, remitted N362.34 billion to federal government consolidated revenue fund, CRF, through spectrum fees.

EVC who disclosed this at an interactive session between the commission and the media in Abuja said the funds has helped to boost the revenue-generation drive of the current administration of President Mohammed Buhari.

He said: To optimize the usage and benefit of spectrum, a number of initiatives such as spectrum trading,

Nigerian Communication Commission
infrastructure sharing, satellite infrastructure and wireless infrastructure were put in place to drive socio-economic development.

“For instance, the transfer of the spectrum licence of 2X 10MHz in the 900MHz E-GSM Spectrum band from Intercellular Nigeria to Airtel networks Limited amounted to the sum of N8.9 billion.
“The amount generated through that singular initiative has brought significant revenue to Government.

“The Commission has also remitted N362.34 billion from 2015 to date to the Federal Government Consolidated Revenue Fund (CRF) through spectrum fees and operating surplus, which has helped to boost the revenue-generation drive of the current administration.”

He added: “It is interesting to mention that all the initiatives above have helped the Commission in identifying potential frequency bands to be harmonized for 5G deployment, which include 26 GHz, 38GHz and 42GHz.”

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