The Senate has approved N633.39 billion as the budget for the Nigerian Communications Commission (NCC) for the 2022 fiscal year.
The approval followed the consideration of a report by the Committee on Communications on Wednesday during plenary.
Chairperson of the Committee, 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.
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She explained that the Commission’s Revenue of N633.3 billion consisted of Annual Licensing Fees (N1.5bn); Annual Operating Levy (N124bn); Spectrum Fees Charges (N450.2bn); Numbering Plan (N9.5bn); Administrative Charges (N4.4bn); Type Approval Fees (N902m) and Sanction Fees (N165m).
The lawmaker added that others included: Sundry Income – N5 million, Federal Government Intervention for Broadband Infrastructure – N41.6 billion and Transfer from Reserve – N1 billion.
In a related development, the Senate also on Wednesday approved N8,824, 847,408 billion as the 2022 budget for the Universal Service Provision Fund.
Tinubu, in a second presentation, said 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.
