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NCC remits over ₦409bn to Federal Government

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The Nigerian Communications Commission says it has remitted over four hundred and nine billion naira into the Federation account from the 5G Auction sales to Telcos in the first quarter of the year.

The Executive Vice Chairman of the Commission, Umar Danbatta made this known while appearing before the Senate Committee of Finance on Monday at the National Assembly to give it’s report on the medium term Expenditure Framework and Fiscal Strategic Paper.

The Telecom Regulatory Body further indicated that it is likely to generate more revenue into the Federal Government coffers from the two slots yet to be auctioned.




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