Senate Imposes N350bn Revenue Target On NCC

The Senate has asked the Nigerian Communications Commission (NCC)to take the advantage of the National Policy for Fifth Generation network, to generate N350bn for the Federal Government in the 2022 fiscal year.

This was the verdict of the Senate joint committees working on the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper, when the management of the NCC appeared before the panels of the red chamber.

The Chairman of the joint committees, Senator Solomon Adeola, said the 2022 budget of the NCC would not be N115bn, which it had projected.

He said, “We are proposing about N350bn. This is because there must be projection for the sale of the spectrum following the launch of the 5G network.”

Recall that the Federal Government on Wednesday approved the National Policy for Fifth Generation network to boost the country’s digital economy.