By Christiana Ekpa
The House of Representatives on Wednesday approved a budget of N633, 393, 283, 000 for the Nigerian Communications Commission (NCC).
The budget is for the proposed capital expenditure, special projects and other costs of the commission during the fiscal year 2022.
This followed the consideration and adoption of the report of the Committee on Telecommunications on the issue from the Statutory Revenue Fund of the commission, by the House during plenary.
Chairman of the Committee on Telecommunications, Hon. Akeem Adeniyi Adeyemi, while presenting the report said out of the total sum, N86,242,952, 000 is for recurrent expenditure; N30,336,144, 000 is for capital expenditure; N42,445,864,000 is for special projects; andN7,500,000 is for transfer to the Universal Service Provision Fund (USPF).
He added that N466, 868, 323, 000 will be transferred to the Federal Government of Nigeria, while N8,824,847,408 is for the budget of the Universal Service Provision Fund (USPF) for the period ending on 31 December, 2022.
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