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NCC Remits N49.7Bn to FG in First 4 Months of 2018

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Nigerian Communications Commission (NCC) has remitted N49. 8 billion to the Federal Government Consolidated Revenue Fund (CRF) within the first four months of 2018, in compliance with the Fiscal Responsibility Act of 2007 (FRA 2007).

 

This figure represents “Payment on Account” in respect of operating surplus for the year 2018.  According to the FRA 2007, such payments are to be made every year after preparation of Audited Accounts.  However, the NCC has taken the initiative to be making payments on Account as it generates revenue.

 

Section 22, Sub section 1 of the Act states that “Notwithstanding the provisions of any written law governing the Corporation, each Corporation shall establish a general reserve fund and shall allocate thereto at the end of each financial year, one fifth of its operating surplus for the year”.

 

Section 22, Sub section 2 of the Act is clear about this: “The balance of the operating surplus shall be paid into the Consolidated Revenue Fund (CRF) of the Federal Government not later than one month following the statutory deadline for publishing each Corporations Account”.

 

The funds remitted are besides Spectrum Assignment fees which are remitted 100 percent to the Federal Government in line with Section 17, Sub section 3 of the Nigerian Communications Act (NCA 2003).

 

The section states that “the Commission shall pay all monies accruing from the sale of Spectrum under part 1 of Chapter VIII into the Consolidated Revenue Fund (CFR)”.

 

Prof. Umar Garba Danbatta, executive vice chairman (EVC) and chief executive of NCC enumerated how telecommunications has impacted the Nigerian economy positively.

 

During a courtesy visit to Mr. Godwin Emefiele, CBN Governor, recently, Danbatta quoted figures released by the National Bureau of Statistics (NBS) to justify this impact.

 

For instance in the first quarter of 2017, telecommunications contributed N1.45Trillion to the Gross Domestic Product (GDP) while the figures rose to N1.549Trillion in the second quarter of 2017.

 

“This performance at a period of recession is very remarkable”, Prof. Danbatta explained adding that “we are keeping dates with the NBS to identify and track how these trends continue”

 

In general terms, telecoms industry contribution to GDP in Nigeria stands at 10 percent yearly in the last four years, Prof. Danbatta submitted.

 

The EVC said these figures may not tell the entire story, because investments in human and material resources are on the rise daily.

 

From a paltry $50million investment in the sector in 2001, the figures stand at $70billion as at September, 2017.

 

Value Added Services segment of the sector investment is over $200m and estimated to hit $500m by the turn of 2021.

 

The industry has provided direct and indirect employment to millions of Nigerians and over 150million subscribers are connected to various networks with broadband penetration currently at 22% according to the UNESCO/ITU Sustainable Development Goal (SDG).

 

The NCC is working hard to achieve the 30% penetration according to the National Broadband Plan (NBP), (2013 – 2018), Prof. Danbatta submitted.

 


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Galaxy Backbone Deploys Fibre Optic Network in Lagos, Ibadan and Ilorin

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Galaxy Backbone (GBB), the information technology and shared services provider of the Federal Government of Nigeria, has announced the successful expansion of its state-of-the-art fibre optic network to Lagos, Ibadan, the capital of Oyo State in southwestern Nigeria, and Ilorin, capital of Kwara State in the north-central region.

Galaxy Backbone Deploys Fibre Optic Network in Lagos, Ibadan and Ilorin

What is described as a remarkable milestone is part of Phase II of the country’s National Information and Communication Technology Infrastructure Backbone (NICTIB) project.

With a robust cross-country optical fibre backbone now extending over 5,000 kilometres and across 27 state capitals, GBB says it has solidified its role as the digital backbone of Nigeria. This development seamlessly integrates the nation’s six geopolitical zones.

The newly completed Abuja-to-Lagos route, traversing key cities such as Minna, Bida, Mokwa, ilorin, Ogbomoso, Oyo, Ibadan and Lagos, is a strategic enhancement designed to strengthen network reliability. By establishing a closed network ring linking Lagos – the nation’s economic hub – to Abuja, the capital city, GBB says it ensures service redundancy and minimises potential downtime.

Professor Ibrahim A Adeyanju, managing director/CEO of Galaxy Backbone, says: “The expansion of our fibre optic network to Lagos, Ibadan and Ilorin is a significant step forward in our mission to bridge the digital divide and position Nigeria as a leader in the global digital economy. This advanced infrastructure empowers us to deliver innovative, customer-centric solutions that serve the needs of both the public and private sectors.”

He adds: “This expansion not only supports the government’s digital economy agenda but also sets the stage for meaningful collaboration with private sector organisations seeking to leverage our infrastructure.”

 


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NBS Says 25m Phones Stolen in Nigeria in 12 Months

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National Bureau of Statistics (NBS) has reported that over 25 million phone thefts between March 2023 and April 2024, according to its Crime Experience and Security Perception Survey 2024.

NBS Says 25m Phones Stolen in Nigeria in 12 Months

The Crime Experience and Security Perception Survey 2024, indicated that an estimated 17,965,741 people had their phones stolen during the reference period

Phone theft, which is a common individual crime in the country, shows that seven out of every 10 stolen phones happened at home or public places, with a mere 11.7% of people who reported to the police expressing satisfaction with their response.

Less than 10% of the victims of phone theft reported the case to the police, while over 90% failed to report to the police for various reasons.

“At the individual level, 21.4 per cent of Nigerians reported being victims of crime, and the most common crime was phone theft (13.8%),” the report read in part.

 

 

 


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Airtel Once Again Wins Partnership of the Year Award at SERAS 2024

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Airtel Nigeria has once again been recognized for its commitment to sustainable development, carting away the Partnership of the Year award at the 18th edition of the Sustainability, Enterprise, and Responsibility Awards (SERAS) held at the Oriental Hotel, Victoria Island, Lagos, on Saturday, 14th December, 2024.

The award celebrates Airtel’s continued success with its Re-imagine Education Initiative, a ground-breaking collaboration with the United Nations Children’s Fund (UNICEF) aimed at transforming education in Nigeria through technology.

Airtel’s consistent focus on creating social value through strategic partnerships reflects its position as a key enabler of progress in the Nigerian education sector.

Commenting on the award, Femi Adeniran, Director, Corporate Communications and CSR, highlighted the significance of the winning the Partnership of the Year award for the second time with the Airtel collaboration with UNICEF to provide digital access to quality educational resources for more than 1,200 schools in Nigeria.

“Winning this award for the second consecutive year is a reflection of our enduring belief in the transformative power of technology in education. We are deeply committed to making a meaningful difference in the lives of Nigerians, and this recognition fuels our resolve to do even more,” he said.

The SERAS Awards, widely regarded as Africa’s most prestigious platform for celebrating sustainability and corporate social responsibility, brought together leaders from various industries to honour organizations driving impactful change.

Airtel Nigeria remains steadfast in its mission to foster inclusive growth, empower communities, and champion a sustainable future for its stakeholders and the environment.


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