Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has revealed that the telecoms agency remitted N344.71 billion to the Consolidated Revenue Fund (CRF) of the Federal Government in the last five years in support of the government’s. revenue drive.
Prof. Danbatta made the disclosure while briefing the House Committee on Telecommunication – led by Hon. (Prince) Akeem Adeyemi, who were on a legislative oversight function visit to the Commission in Abuja recently.
He told the Committee how the telecoms agency contributed to the revenue drive of the Federal Government by generating and remitting N344.71 billion to the Consolidated Revenue Fund (CRF) in the last five years.
Danbatta attributed the success of the Commission in the last five years to the harmonious relationship between the Commission and the National Assembly.
“Through the support of the lawmakers, especially the House of Representatives Committee on Telecommunications, which the NCC leadership has worked with in the last five years; the Commission has been able to generate and remit N344.71 billion to the Federal Government Consolidated Revenue Fund (CRF) from spectrum fees and operating surplus.
“Between 2015 and September, 2020, active voice subscription has increased from 151 million to 205.25 million with a teledensity standing at 107.53 percent as at end of September, 2020.
“We are also empowering and protecting the consumers and ensuring we are able to sanitize the industry of improperly registered Subscriber Identification Module (SIM) cards, through our impartial regulatory approach.”
According to the report, the telecoms sector’s contribution to Gross Domestic Product (GDP) increased from 8.5% in 2015 to 14.30% as of the second quarter of 2020.
The report revealed that telecoms investment grew from around $38 billion in 2015 to over $70 billion in 2020.
In like manners, the NCC has been able to increase broadband penetration from 6% in 2015 to 45.43 per cent as of September, 2020
Basic active internet subscriptions grew from 90 million to 143.7 million.
To continue to collaboratively advance the development of the industry, Prof. Danbatta listed key areas of collaboration with the House Committee.
These, according to the EVC, include speedy passage of the Commission’s budget, enhancing the mutual working relationship and knowledge transfer sessions/capacity-building for Committee members for better understanding of the workings of the Commission and the industry.
Speaking further, Prof. Danbatta said the NCC is promoting financial inclusion by encouraging the Mobile Network Operators (MNOs) to actively participate in providing financial services towards actualizing FG’s 80% financial inclusion target by 2020.