The EVC stated this during the brief by the Committee members, led by their Chairman, Hon. (Prince) Akeem Adeyemi, at a legislative oversight function on the Commission on Wednesday, October 28, 2020, in Abuja.
Prof. Danbatta, who attributed the successes of the NCC in the past five years to the cordial relationship between the NCC and the National Assembly, said such a relationship, the diligent oversight by the lawmakers and necessary legislative support have resulted in lots of dividends for the telecoms industry.
“The NCC in the past five years via support from the House of Representatives Committee on Telecommunications has generated and likewise remitted N344.71 billion to Federal Government Consolidated Revenue Fund (CRF) from spectrum fees and operating surplus,” the EVC said.
Prof Danbatta stated that the sector’s contribution to Nigeria’s Gross Domestic Product (GDP) increased from 8.5 percent in 2015 to 14.30 percent as of the second quarter of 2020.
In financial value, the 14.30 per cent translates to N2.272 trillion in Q2. The NCC boss also mentioned that telecoms investment grew from around $38 billion in 2015 to over $70 billion currently.
Prof. Danbatta said the Commission is promoting financial inclusion by encouraging the Mobile Network Operators (MNOs) in active participation to provide financial services in actualising FG’s 80 per cent financial inclusion target by 2020.
Through the collaboration of critical stakeholders as the National Assembly, the Commission has increased broadband penetration from 6 percent in 2015 to 45.43 per cent as of September 2020 while basic active internet subscriptions grew from 90 million to 143.7 million.
“Between 2015 and September 2020, active voice subscription has increased from 151 million to 205.25 percent 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 sanitise the industry of improperly-registered Subscriber identification Module (SIM) cards through our impartial regulatory approach,” Danbatta stressed
The EVC listed major areas of collaboration with the House Committee, moving forward.
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.
The committee commended the leadership of the NCC for its transparency in ensuring remittances to CRF of the Federal Government.
The committee urged the Commission to continue sustaining its current template of ensuring effective regulation of the telecoms sector in a way that would be more mutually beneficial to the industry players, the consumers of the telecoms services, and to the Nigerian government.
Featured Image: L-r: Deputy Chairman, House Committee on Telecommunications, Unyime Josiah Idem; Chairman, House Committee on Telecommunications, (Prince) Akeem Adeyemi and the Executive Vice Chairman/CEO, Nigerian Communications Commission (NCC), Prof. Umar Danbatta, during the Committee’s oversight visit to the Commission Headquarters recently in Abuja
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