NCC targets N632.39bn revenue by 2022

The Nigerian Communications Commission (NCC) has announced a revenue target of N632.39 billion for the 2022 fiscal year.

This was disclosed by its Executive Vice Chairman Prof. Umar Danbatta during the budget defence before the National Assembly Joint Committee on Communications in Abuja.

He stated that the revenue targets will also be made up of proceeds from the 5G spectrum auction.

Danbatta said, “Each slot of the 5G spectrum is going for an exact price of N75 billion. However, in an auction, it can go as high as N100 billion. The exact price for the Spectrum auction in 2022 will give the Federal Government N300 billion; when the projected revenue is added to it we are expecting well over N600 billion because it is an auction. Our revenue in 2022 will be higher than what is being generated in 2021. For the commission’s main budget, a sum of N86.2 billion is proposed for recurrent expenditures, N29.36 billion is for Capital while N2.55 billion is earmarked for Special Projects.”

On fears related to the 5G, he stated that the NCC shares the same concern because it is justified, adding that it has been sensitising Nigerians about the safety of the new technology.

“Up till date, there is no credible evidence about the health hazard of the 5G technology, therefore, it is safe,” he said.

Recall that last month, NCC said it is 97% ready for the deployment of the Five Generation (5G) network across the country.

Danbatta explained that the agency is working with operators to implement a number of initiatives to ensure network expansion.

The initiatives include an ongoing plan to auction spectrum in 3.5 gigahertz (Ghz) band to operators for the deployment of 5G network in Nigeria.

The NCC boss mentioned that the Committee set up to auction the Spectrum has already developed an Information Memorandum (IM) which is already published for inputs and comments from all industry stakeholders.

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