• Advertise
  • Opinion
  • Features & Interviews
  • Investigation
  • Contact
Wednesday, February 1, 2023
  • Login
No Result
View All Result
NEWSLETTER
The Lagos Today
  • Home
  • News
    • Lagos News
    • National News
    • World News
  • Entertainment⚡ by CRAWL
    • All
    • Art & Design
    • Books
    • Movie
    • Music
    • Sports
    Why Arsenal Are Winning- Guardiola

    Why Arsenal Are Winning- Guardiola

    Falcons Coach picks Ebi, Oshoala, 21 others for Revelation Cup in Mexico

    Falcons Coach picks Ebi, Oshoala, 21 others for Revelation Cup in Mexico

    Tottenham Sign Nigeria-born Danjuma On Loan From Villarreal

    Tottenham Sign Nigeria-born Danjuma On Loan From Villarreal

    Beyonce rakes in $320k per minute for Dubai concert 

    Beyonce rakes in $320k per minute for Dubai concert 

    Chelsea Agree £29m Deal For PSV Forward, Madueke

    Chelsea Agree £29m Deal For PSV Forward, Madueke

    Pele Leaves Millions In Will For Out Of Wedlock Daughter He Denied

    Pele Leaves Millions In Will For Out Of Wedlock Daughter He Denied

    Eight states register for NSSFF American Football Championship

    Eight states register for NSSFF American Football Championship

    Big Brother Titans: 20 Housemates Compete For $100,000

    Big Brother Titans: 20 Housemates Compete For $100,000

    Kenya Suspends 16 Players And Coaches For Match-fixing

    Kenya Suspends 16 Players And Coaches For Match-fixing

    Police Summon OAP Do2dtun Over Alleged Domestic Violence

    Police Summon OAP Do2dtun Over Alleged Domestic Violence

  • Opinion
  • Business
  • Features & Interviews
  • Best Of Lagos
    Lagos welcomes The Art hotel: A flamboyant 5 star Business Boutique Hotel

    Lagos welcomes The Art hotel: A flamboyant 5 star Business Boutique Hotel

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    A Rare Hobby: Sports Fishing In Lagos

    A Rare Hobby: Sports Fishing In Lagos

    Chef Nkesi- Experiencing Different Cultures Through Food

    Chef Nkesi- Experiencing Different Cultures Through Food

    Wumi Jubril: Creating Memorable Experiences

    Wumi Jubril: Creating Memorable Experiences

    Nordic hotel

    Nordic Hotel Makes Grand Debut in Lagos

  • Things To Do
  • Home
  • News
    • Lagos News
    • National News
    • World News
  • Entertainment⚡ by CRAWL
    • All
    • Art & Design
    • Books
    • Movie
    • Music
    • Sports
    Why Arsenal Are Winning- Guardiola

    Why Arsenal Are Winning- Guardiola

    Falcons Coach picks Ebi, Oshoala, 21 others for Revelation Cup in Mexico

    Falcons Coach picks Ebi, Oshoala, 21 others for Revelation Cup in Mexico

    Tottenham Sign Nigeria-born Danjuma On Loan From Villarreal

    Tottenham Sign Nigeria-born Danjuma On Loan From Villarreal

    Beyonce rakes in $320k per minute for Dubai concert 

    Beyonce rakes in $320k per minute for Dubai concert 

    Chelsea Agree £29m Deal For PSV Forward, Madueke

    Chelsea Agree £29m Deal For PSV Forward, Madueke

    Pele Leaves Millions In Will For Out Of Wedlock Daughter He Denied

    Pele Leaves Millions In Will For Out Of Wedlock Daughter He Denied

    Eight states register for NSSFF American Football Championship

    Eight states register for NSSFF American Football Championship

    Big Brother Titans: 20 Housemates Compete For $100,000

    Big Brother Titans: 20 Housemates Compete For $100,000

    Kenya Suspends 16 Players And Coaches For Match-fixing

    Kenya Suspends 16 Players And Coaches For Match-fixing

    Police Summon OAP Do2dtun Over Alleged Domestic Violence

    Police Summon OAP Do2dtun Over Alleged Domestic Violence

  • Opinion
  • Business
  • Features & Interviews
  • Best Of Lagos
    Lagos welcomes The Art hotel: A flamboyant 5 star Business Boutique Hotel

    Lagos welcomes The Art hotel: A flamboyant 5 star Business Boutique Hotel

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    A Rare Hobby: Sports Fishing In Lagos

    A Rare Hobby: Sports Fishing In Lagos

    Chef Nkesi- Experiencing Different Cultures Through Food

    Chef Nkesi- Experiencing Different Cultures Through Food

    Wumi Jubril: Creating Memorable Experiences

    Wumi Jubril: Creating Memorable Experiences

    Nordic hotel

    Nordic Hotel Makes Grand Debut in Lagos

  • Things To Do
No Result
View All Result
The Lagos Today
No Result
View All Result
Home Business

NCC Targets N500bn From 5G Spectrums Auction

by Rosemary Opara
September 20, 2022
in Business
2 min read
0
0
Lagos Telcos Should Resist RoW Tarriff Hike – Minister
Share on FacebookShare on Twitter

The Nigeria Communication Commission (NCC) says it plans to generate over N500 billion as revenue for the Federal Government from the auction of two 5G spectrums in 2023.

Prof. Umar Danbatta, the Executive Vice-Chairman, NCC, said this at an interactive meeting on 2023-2025 MTEF-FSP, organised by the Senate Committee on Finance on Monday in Abuja.

Danbatta said that the commission had already initiated the bidding process for auctioning of the spectrums.

He said that NCC generated N257 billion in the first quarter of 2022, adding that N195 billion out of the amount has been remitted to government coffers.

Danbatta said from April to August, N318 billion was generated by the NCC, out of which N214 was remitted.

According to him, the fund realised was occasioned by the auction of two 5G spectrums at the rate of N263 million and N273 million dollars.

He noted that from 2017 to 2021, NCC also generated N799 billion and remitted 423 billion to the government.

On broadband penetration in Nigeria, he said it stood at 44 per cent, noting that about 150 million Nigerians have access to the Internet, with over 80 million having access to high-speed internet.

According to him, the target was to hit 75 per cent penetration in 2025. He added that the commission was hopeful of achieving 50 per cent penetration by the end of 2022.

The NCC EVC advised Nigerians to make use of the 112 emergency national number to report cases of emergency like fire outbreaks, accidents and toll-free number 622 to lodge complaints on drop calls.

The Chairman of the Committee, Senator Solomon Adeola said the Senate would continue to encourage NCC to improve its revenue generation profile to the government.

Adeola said that the expected NCC revenue in 2023 would help reduce the deficit proposed in the 2023 budget.

Follow us on social media
  • Facebook
  • Twitter
  • Instagram

Share this:

  • Twitter
  • Facebook

Like this:

Like Loading...
Tags: 5G5G networkFederal Government of NigeriaNigerian Communications Commission (NCC)
Previous Post

INEC Reacts To Alleged Seven Million Uncompleted Registrations

Next Post

NASS Resumes as 2023 Budget, CJN Confirmation on Top Agenda

Rosemary Opara

Rosemary Opara

Related Posts

EFCC Nabs Racketeers Of Redesigned Naira In Abuja, Meets Officials Of Banks

CBN Uncovers Mismanaged New Naira Notes In Ogun, Knocks Commercial Banks 

by Rosemary Opara
January 31, 2023
0

The Central Bank of Nigeria, on Tuesday, said it has uncovered N4 million of new naira notes mismanaged by a...

Naira Gains Across Forex Markets Amid CBN Intervention

Banks Will Accept Old Naira Notes After Deadline – Emefiele 

by Idonosan Debe
January 31, 2023
0

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says banks will continue to accept old naira notes after the...

Next Post
NASS Resumes as 2023 Budget, CJN Confirmation on Top Agenda

NASS Resumes as 2023 Budget, CJN Confirmation on Top Agenda

Please login to join discussion

Recommended

Odusanya, Mati Emerge Winners in Lagos Top 16 Tennis Championship

Odusanya, Mati Emerge Winners in Lagos Top 16 Tennis Championship

2 years ago
At least 50 dead after gold mine collapses in DR Congo

At least 50 dead after gold mine collapses in DR Congo

2 years ago

Popular News

    Newsletter

    Connect with us

    Tags

    #EndSARS 2023 Elections 2023 polls 2023 Presidency Academic Staff Union of Universities (ASUU) ACCIDENT Africa All progressives Congress APC Asiwaju Bola Tinubu ASUU Strike Babajide Sanwo-Olu Bitcoin CBN Central Bank of NIgeria Central Bank of Nigeria (CBN) China Coronavirus pandemic Covid-19 Covid-19 in Lagos Covid-19 in Nigeria Covid-19 Vaccine Cryptocurrency Donald Trump Drug Trafficking EFCC Federal Government Federal Government of Nigeria Fraud Gov. Sanwo-Olu Insecurity Lagos-Ibadan expressway Lagos state Lagos State Government Lagos State Police command Muhammadu Buhari Murder Naira NDLEA Nigeria Rape Strike action UK United states US

    News

    • Business
    • National
    • Politics
    • Tech

    Opinion

    • Editorials
    • Today’s Opinion
    • Letters
    • Sunday Review
    • Advertise
    • Opinion
    • Features & Interviews
    • Investigation
    • Contact

    © 2020 The Lagos Today - Nkali.

    No Result
    View All Result
    • Home
    • News
      • Lagos News
      • National News
      • World News
    • Entertainment
    • Opinion
    • Business
    • Features & Interviews
    • Best Of Lagos
    • Things To Do

    © 2020 The Lagos Today - Nkali.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms bellow to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    %d bloggers like this: