Connect with us

Telecom

NCC Remits N51.3Bn to FG in Q1 2019

Published

on

Nigerian Communications Commission (NCC) has remitted N51.3 billion to the Federal Government’s Consolidated Revenue Fund (CRF) in the first quarter of 2019.

 

The remittance, according to Prof. Umar Garba Danbatta, executive vice chairman (EVC/CEO), NCC, is in compliance with the Fiscal Responsibility Act of 2007 (FRA 2007).

 

The payment represents “Payment on Account” in respect of operating surplus of N44 billion and N7.3 billion spectrum assignment fee collected, both of which are due to the Federal Government as at April 30, 2019.

 

According to the FRA 2007, such payments are to be made every year after preparation of Audited Accounts.

 

Specifically, 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 states further that, “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 Corporation’s Account.”

 

Aside from remitting the operating surplus, Section 17, Sub-section 3 of the Nigerian Communication Act (NCA, 2003) also stipulates that spectrum assignment fees generated shall be remitted 100 per cent to the Federal Government.

 

The Section states that, “the Commission shall pay all monies accruing from the sales of Spectrum under Part 1 of Chapter VIII into the Consolidated Revenue Fund (CRF).”

 

Commenting further, Danbatta, said the Commission had taken the initiative to be making payments on Account as it generates revenue.

 

Danbatta noted that through effective regulatory oversight by the Commission, telecommunications sector has witnessed phenomenal growth since 2001, making it an enabler of economic growth and development.

 

“To date, telecoms industry has positively impacted all the sectors of the economy including banking, healthcare, commerce, transportation, agriculture, education and so on, with increased quarter-on-quarter contribution to the country’s Gross Domestic Product (GDP),” Danbatta added.

 

For instance, latest data released by the National Bureau of Statistics (NBS) showed that the telecoms industry contributed 10.11 per cent to Nigeria’s GDP in the first quarter of 2019.

 

This represents a 0.92 per cent increase from the first quarter of the last year. This year’s first quarter contribution is also 0.26 per cent more than the figure (9.85 per cent) recorded in the last quarter of 2018.

 

“From 2001 till date, telecoms investment has increased tremendously from $500 million to over $70 billion, just as the Commission intensifies measures aimed to further facilitate investment growth in telecoms infrastructure to drive the economy, especially through the licensed Infrastructure Companies (InfraCos). We are also working with necessary stakeholders across all levels of government to address identified impediments to investment drive in the sector,” Danbatta said.

 

Danbatta, while providing latest data on the industry to underscore the impressive growth already recorded in the industry, said “in the 21st Century, access to pervasive broadband is a game changer for any economy.”

 

He explained further: “The Commission has since placed greater emphasis on broadband development as the next frontier for economic growth by driving efficiency and innovations in Nigeria. Consequently, through painstaking implementation of our 8-Point Agenda with the need to facilitate broadband development topping the agenda, we have been able to increase broadband penetration to 33.13 per cent as at end of May, 2019.”

 

Accordingly, Danbatta stated that as at May this year, there were over 173.6 million active mobile lines across mobile networks, corresponding to a teledensity of 90.98 per cent. Internet subscriptions during the month stood at 122.6 million up from 119 million in April.

 

The EVC noted that while the industry has provided and continues to provide direct and indirect jobs for millions of Nigerians, the Commission, through effective regulatory approach, is embarking on more initiatives to boost access to telecoms services in rural, unserved and underserved areas across the country “by ensuring service availability, accessibility and affordability for more Nigerians.”

 

 

 

 

.

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Comments

Telecom

Paga Acquires Ethiopian Software Company Apposit; Plans to Enter Mexico

Published

on

Paga, a Nigerian mobile payments company, has acquired an Ethiopian software company, Apposit for an undisclosed amount.

This acquisition is part of its strategy to commence operations into Ethiopia later this year. Paga also intends to leverage the US incorporated Apposit to support its expansion into East Africa and Latin America.

Paga also announced that it would begin operations in Mexico this year.

Paga’s relationship with Apposit is not new; the company has always had an engineering team dedicated to Paga since 2009, led by Eric Chijioke, who is Paga’s Chief Technology Officer

Paga will retain Apposit’s CEO, Adam Abate, as the new CEO of Paga Ethiopia. Eric Chijioke will remain the Chief Technology Officer responsible for product development, Simon Solomon becoming the Lead Systems Architect, and Gideon Abate as the Head of Product Innovation. It will also retain the 63 man engineering team and tech capabilities. It intends to direct its boosted capabilities and total workforce of 530 to support expansion. Paga Ethiopia will go live when it gets a banking license to operate in the country.

In addition, Paga now owns Apposit’s other in-house technology products, Terra and Tangio.

Terra is a digital agricultural platform that provides products & tools to collect, manage and analyze data in agricultural value chains. The Terra platform harnesses the power of data to improve decision making in agriculture.

Tangio is a sales force automation platform for manufacturers and distributors of FMCG products. It provides companies the tools and intelligence to plan and execute their route to market strategies.

Tayo Oviosu, CEO, Paga had signified Paga’s intention to go global when it raised $10 million in 2018.

According to Oviosu in a discussion with Techcrunch, “The goal is straight-forward. We want Ethiopians to use the Paga wallet as their payment account. So it’s about digitizing cash transactions and driving financial services.”

“There are several very large countries around the world in Africa, Latin America, Asia where these [financial inclusion] problems still exist. So our strategy is not an African strategy…We want to go where these problems exist in a large way and build a global payments business,” said Oviosu

Continue Reading

Telecom

MTN Foundation Donates to Orphanages and Correctional Centres across Nigeria

Published

on

MTN Foundation has donated various items to orphanages and correctional centres across the country. This is in furtherance of the Foundation’s effort to make life better for Nigerians at various levels.

In Abuja, wife of former Head of State, Hon. Justice Fati Abubakar, who was present at the handover of items to Halal Children’s Home, commended MTN Foundation for the initiative.

Similarly, during the visit to the Juvenile Correctional Institute & Child Care Unit, Ibadan, Oyo, Wife of the Executive Governor, Engr. (Mrs) Tamunominini Makinde joined by Wife of the Deputy Governor, Prof. Bolanle Olaniyan and Commissioner for Women Affairs & Social Inclusion, Alhaja Fausat Joke Sanni, thanked the MTN Foundation for the support.

Speaking at the event in Oyo State, the Acting Executive Secretary, MTN Foundation, Odunayo Sanya stated that the support was part of MTN Foundation’s effort at caring and making life brighter for Nigerians.

In Lagos, Chairman, MTN Foundation, Prince Julius Adelusi-Adeluyi; Chief Operating Officer, MTN Nigeria, Mazen Mroue; President, Rotary Club of Ikeja, Rtn. Olumiyiwa Fagbola and other distinguished members of the Rotary Club of Ikeja led the delegation’s presentation to the Love Home Orphanage.

Handing over the gift items, Prince Adelusi-Adeluyi admonished Nigerians and the government on the need to constantly support the future of the Nigerian society. “When this orphanage was founded, it was created to show care for the disadvantaged, which is why the MTN foundation was commissioned in the first place – to help people who are educationally and financially disadvantaged.”

“These children are the future and we cannot allow any circumstance that the society has created to dim that future.

“We will continue to support and partner with organizations to ensure we take active part in their development. I urge the states and federal government to increase their efforts now more than ever,” Prince Adelusi-Adeluyi stated.

Items donated include foodstuff, beverages, detergents, baby diapers, and other utilities.

Over the years, the MTN Foundation has partnered with various organizations in its commitment to brighten lives across Nigeria. The Foundation has visited and donated to over 60 orphanage homes. The Foundation continues to seek ways to improve the quality of life in various areas of human endeavor.

Continue Reading

Telecom

SIMs are National Resources, Telcos Have Right to Reassign Inactive Lines- NCC

Published

on

Nigerian Communications Commission (NCC) has said the telecommunications companies have the right to reassign SIM cards once they’re inactive for a maximum of 180 days.

 

SIMs are National Resources, Telcos Have Right to Reassign Inactive Lines- NCC

Dr. Henry Nkemadu, director, public affairs, NCC, said that telcos exercise the power to reassign dormant SIM cards without recourse to the previous owners so long as they remain inactive for the said number of days.

This is coming on the heels of commotion generated after Anthony Okolie, a Delta-based trader, was arrested by the Department of State Services (DSS) for using a SIM previously owned by Hanan Buhari, the president’s daughter.

The businessman had thereafter sued Hannan and the DSS for N500 million while demanding the same sum in damages from both the latter and MTN.

NCC however described SIMs as national resources which no subscriber can claim ownership of — even when the card is registered in the subscriber’s name.

If we must change and extend the validity period of SIM card from 180 days, it has to be deliberated upon by all stakeholders and captured in the regulatory policy of the NCC,” Nkemadu said.

Speaking on the issue, Gbenga Adebayo, chairman of the Association of Licensed Telecoms Operators of Nigeria (ALTON), added that telcos aren’t obliged to inform subscribers that their SIM had become dormant.

According to him, subscribers don’t have ownership rights to SIM cards in their possession as the telecom operators pay procurement and recurrence costs for each registered to a subscriber.

Continue Reading

Trending

Copyright © 2017 Communication Week Media Limited.