Senate approves N633.39bn in 2022 budget for NCC

The Nigerian Senate has approved N633.39bn budget for NCC in 2022 following the consideration of a report by the Committee on Communications on Wednesday during plenary.

Chairperson of the Committee on Communications, Sen. Oluremi Tinubu, (APC-Lagos), in her presentation, said out of the approved sum, N86 ,242, 952 was for Recurrent Expenditure; N30, 336, 144 for Capital Expenditure, N42, 445, 864 for Special Projects; N466, 868, 323 was transferred to Federal Government while N7, 500, 000 as Transfer to Universal Service Provision Fund (USPF).

Mrs Tinubu, explained that the Commission’s Revenue of N633.3 billion consisted of Annual Licensing Fees (N1.5 billion); Annual Operating Levy (N124 billion); Spectrum Fees Charges (N450.2 billion); Numbering Plan (N9.5 billion); Administrative Charges (N4.4 billion); Type Approval Fees (N902 million) and Sanction Fees (N165 million).

She added that others included: Sundry Income – N5 million, Federal Government Intervention for Broadband Infrastructure – N41.6 billion and Transfer from Reserve – N1 billion.

The Senate also on Wednesday approved the sum of N8, 824, 847, 408 billion as 2022 budget for the Universal Service Provision Fund.

The lawmaker in her second presentation, explained that out of the sum approved, N1, 923, 760, 092 was for Recurrent Expenditure; N357, 959, 020 for Capital Expenditure; and N6, 543,128, 296 for Projects and Programmes.