The House of Representatives has approved N166 billion for the Nigerian Communications Commission for fiscal year 2022.
On Wednesday, the House Supply Committee approved the report presented by Akeem Adeyemi (APC, Oyo), chairman of the House Communications Committee.
The report was adopted and approved after clause-by-clause consideration.
The telecommunications regulator is expected to generate N633.3 billion in the next year.
The NCC’s expected revenue breakdown is as follows: license fees N1.5 billion, annual operating rate N124 billion, spectrum fees N420 billion, and numbering plan, N9.5 billion.
Others are administrative charges, N4.4 billion, type approval fees, N920 million, sanction fees N165 million, FG intervention for broadband, N41.6 billion, reserve transfer N1 billion, and miscellaneous revenue N5 millions.
The sum of 466.6 billion naira will be transferred to the Federal Government of Nigeria.
In expenses, N86.2 billion have been earmarked for recurring expenses, N30.3 billion for capital, special projects N42.4 billion and N8.82 billion for USFP.
Spectrum license fees
In the 2021 budget, N36 billion was estimated for the spectrum license fee, but by the end of May 2021, the NCC had generated NCC 150 billion.
Spectrum fees remain the largest source of revenue for the commission.
On Monday, MTN and Mafab Communications Limited won the tender for 5G spectrum. The two companies obtained the two spaces at $ 273 million each.
During clause-by-clause consideration, the report was adopted and approved.