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NCC remits N362.34bn to national treasury

By Stanley Iwuoha

The Nigerian Communications Commission (NCC), says it has remitted N362.34 billion to Federal Government’s consolidated revenue account.

The Executive Vice Chairman/CEO, Prof. Umar Danbatta disclosed this while making a presentation to Course 29 Participants at the National Defence College, Nigeria, on Monday.said this telecommunications industry

The EVC said the sector has been repositioned to play dual role of contributing to the Gross Domestic Product (GDP) and being an enabler to other sectors of the economy.

has been positioned to drive the economic diversification plan of Federal government.

He described Telecoms sector as the life-wire that will drive the National Digital Economy Policy and Strategy (NDEPS) of the Federal Government.

“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 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.

Speaking on fixed broadband Infrastructure gap, Danbatta said, the commission will bolster the exiting fibre optic infrastructure across the country by 38,296 km through the infraCo project Initiative.

On Row, he informed that 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 called on state governments to key in to the success of the digital economy drive by reducing RoW fees and other charges targeting telecom service providers.

Prof Danbatta’s paper dwelled on 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.

Responding, the Commandant of the National Defence College, Rear Admiral Mackson Kadiri praised the EVC for his achievements so far, describing his paper as indepth, incisive and timely, giving the pivotal role the telecom sector plays in ensuring National Security and National Development.

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