NCC clears the air over reported N1.4 trillion 2016 first quarter revenue

Posted by News Express | 16 July 2016 | 2,417 times

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The Nigerian Communications Commission (NCC) has offered explanation to a recent statement credited to its Executive Vice Chairman (EVC), Professor Umar Garba Danbatta, who was quoted as saying that the NCC “has realised over N1.4 trillion in the first quarter of 2016,” and “the funds generated was part of their contribution to the country’s Gross Domestic Product (GDP).”

The ECV was reported to have made the disclosure during a courtesy call to Kano State Governor on Wednesday, July 13, 2016.

“We wish to, however, unequivocally state that what a section of the media attributed to him was not the accurate representation of what he said at Kano State Government House on Wednesday,” the NCC said in a statement issued by Yakubu Musa, SA (Media) to the EVC.

“To set the record straight,” the statement further read, “the EVC was only quoting a recent report of the National Bureau of Statistics (NBS), which puts the entire contribution of the telecommunications sector to the GDP, during the period under review, at N1.4 trillion and thus not funds generated by the Commission as alluded by the reports.”

The NCC explained that it was not the first time the EVC was referring to the NBS report at a function and the media, including respected newspapers, which erroneously published the story, had always reported him accurately.

The Commission further explained that it has been in the vanguard of generating non-oil revenue for the nation and under the leadership of its current EVC, it has just realised $ 96 million for the Federal Government from a successful auctioning of 2.6GHz spectrum, which MTN Nigeria paid for 5 MHz of 6 slots of 30MHz.

“Similarly, the commission has remitted the sum of N70 billion to the federation account from December 2015 to March 2016. These and many more, including the N1.4 trillion telecom sector contributions to the GDP, are no doubt parts of significant feats under Danbatta's leadership,” the NCC said.

•Photo shows NCC EVC, Prof. Umar Danbatta.

Source: News Express

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