Through the operations of the players in the telecommunications industry, the Nigeria revenue base has been jacked up by N344.71 billion, in 5 years, Nigerian Communications Commission (NCC), has declared.
In a press statement issued by the Executive Vice Chairman (EVC) of NCC, Prof. Umar Garba Danbatta, the commission was said to have contributed well to the revenue drive of the Federal Government, by generating and remitting N344.71 billion to the Consolidated Revenue Fund (CRF) in the last five years.
The statement was made in respect of the interactive session that involved the NCC management and the House Committee on Telecommunication – led by Hon. (Prince) Akeem Adeyemi, during a legislative oversight function on the Commission in Abuja.
Prof. Danbatta told the Committee how the telecoms agency contributed to the revenue drive of the Federal Government by generating and remitting N344.71 billion to the Consolidated Revenue Fund (CRF) in the last five years.
Prof. Danbatta attributed the success of the Commission in the last five years to the harmonious relationship between the Commission and the National Assembly.
“Through the support of the lawmakers, especially the House of Representatives Committee on Telecommunications, which the NCC leadership has worked with in the last five years; the Commission has been able to generate and remit N344.71 billion to the Federal Government Consolidated Revenue Fund (CRF) from spectrum fees and operating surplus.
“Between 2015 and September, 2020, active voice subscription has increased from 151 million to 205.25 million with a teledensity standing at 107.53 percent as at end of September, 2020.
“We are also empowering and protecting the consumers and ensuring we are able to sanitize the industry of improperly registered Subscriber Identification Module (SIM) cards, through our impartial regulatory approach.”