NCC generates N1.5trn in 3 years

NCC generates N1.5trn in 3 years
NCC generates N1.5trn in 3 years

The Minister of Communications and Digital Economy, Prof. Isa Ibrahim c, has revealed that the Information and Communication Technology (ICT) sector has generated around N1.5 trillion over the past three years through the Nigeria Communications Commission (NCC).

The minister revealed this during the defense of the 2022 and 2023 budgets held at the request of the joint Senate and House committees on communications and ICT and cybersecurity.

Chairman of the House Committee, the Hon. Akeem Adeyemi, however, demanded evidence of revenue paid into the Federation account, contracts awarded, a reduction in 2022 personnel costs of N1.033 billion and the proposal of N991.899 million for the budget estimates of 2023.

In his presentation, the minister explained that the ministry recorded three unprecedented contributions to GDP in the first quarter of 2020 with 14.07%, 17.92% in the second quarter of 2021 and 18.44% in the second quarter of 2022, and played a pivotal role in pulling the economy out of recession with the ICT sector recording the highest growth rate in the fourth quarter of 2020 as the only sector to record double-digit growth.

He added that the ministry and its parastatals have established 2,000 ICT projects and centers across the country in two years; developed 19 guidance documents and ensure full implementation of 70% access to broadband connectivity by 2025.

According to him, the department has generated significant funds for the federal government, including the recent 5G spectrum auction that generated $547.2 million for the government, among other significant contributions to the country’s economy.

He observed that in August 2019, broadband coverage was 33.7% and today it is 44.65%, representing almost 13 million new broadband users, adding that he there were 13,823 4G base stations and now we have 36,751, which is 165.86%. increase. The percentage of 4G coverage across the country also increased from 23% to 77.52%.

Additionally, the cost of data has dropped from N1,200 per GB to around N350, making it easier for Nigerians to connect to the internet.

From less than 40 million people with National Identification Numbers (NINs) in October 2020, we now have approximately 91 million NIN records as of October 2022.

“Our endorsement of the National 5G Policy, spectrum auctioning and deployment of the technology has the potential to transform the digital technology landscape in Nigeria over the next few years. As one of the few countries to have deployed the technology in Africa, it is positioning itself to continue leading the way in Africa,” he said.

The Minister further noted that the quarterly revenue generated for the Federal Government increased from N51.3 billion to N408.7 billion and the quarterly savings for the government through the IT project clearance process increased. from 12.45 million naira to 10.57 billion naira. More than 863,372 citizens have benefited from digital skills programs and 355,610 direct and indirect jobs have been created.

During the year, legislators including the Hon. Ossai Nicholas Ossai expressed concern over the N572,529,322 released out of N1,032,789,793 earmarked for personnel costs, which amounted to 100% at the implementation level in October 2022, alleging that the ministry had inflated staff costs, taking into account the sum of N 991,898,999 proposed in the 2023 provisional budget.

The lawmakers also demanded proof of payment of the sum of N366.327 million in revenue generated and paid to the Federation account by the ministry and contracts awarded during the reporting period.

Lawmakers also questioned the alleged duplication of certain budget lines, including local travel, training, among others, in the 2023 draft budget.

Breakdown of the overall budget proposals of N29.018 billion for the ministry and its parastatals, the sum of N4.068 billion is for the main ministry, N4.544 billion is for NIGCOMSAT, N13.703 billion is for NIPOST and N6.682 billion is for NIPOST. is for the National Identity Management Commission (NIMC).

According to documents submitted to the joint commissions, $2 billion in revenue is expected from non-commercial spectrum licenses and renewal fees in 2023.

. NCC generates N1 .5trn years