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NCC Remits N133.4bn To Federation Account

The Nigerian Communications Commission (NCC) said on Thursday it remitted N133.4 billion to the consolidated revenue fund of the Federal Government between 2015 and this year.

The Director, Public Affairs of NCC, Mr. Tony Ojobo, disclosed this in a statement in Lagos.

Ojobo said NCC’s primary role was not only to generate revenue for the government but to nurture and regulate the telecommunications industry.

He said the figures obtained from the Commission showed impressive remittance of funds to the coffers of the consolidated revenue of the federal government, especially in the last two years.

According to him, NCC’s last remittance to the consolidated revenue fund, which was on June 30, was N12.7 billion.

“It came just less than 10 days after the NCC remitted the sum of N1.3 billion to the account,” he said.
Ojobo explained that the Commission transferred N81 billion in 2016 comprising N35 billion transferred in March and N46 billion in December 2016 respectively.

“In 2015 however, the Commission remitted N23, 512,316,450 in October after paying N6, 856,182,132 in September of the same year.

“It is noteworthy also that the quarterly contribution of telecommunications sector to the Gross Domestic Product (GDP) has been consistently impressive in the last two years,” he added.

The Chief Executive Officer of NCC, Prof. Umar Danbatta said the sector contributed N1.549 trillion to the GDP in the second quarter of 2017.


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