Spectrum Auctions

Fix Africa News Magazine Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof Umar Danbatta, says the commission remitted N362.34 billion into the Consolidated Revenue Fund (CRF) of the Federal Government between 2015 and now. At an interactive session with media managers and news editors at the weekend, he also noted that broadband penetration jumped from six per cent in 2015 to 43.02 per cent by the end of June 2020 leading to 199,307,796 by the end of the first half of 2020. According to him, the N362.34 billion was generated through spectrum fees and operating surplus, which has helped to boost the revenue-generation drive of the current administration. “The amount generated through that singular initiative has brought significant revenue to the government.” Dambatta...