Senate approves 2024 NCC budget of N549.7bn

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The Senate at plenary on Thursday, approved 2024 Budget of the Nigeria Communications Commission(NCC) of N549, 674, 311.

This followed presentation of the harmonised report of the House of Representatives;by the Chairman, Senate Committee on Communications, Sen. Bilbis Ikra (Zamfara Central).

Ikra, while presenting a breakdown of the budget, said the sum of N155billion had been earmarked for recurrent expenditure while N18 billion was earmarked for capital expenditure.

He further said that the sum of N2billion had been estimated as surplus.

Contributing, the Deputy President of the Senate, Barau Jibrin commended the committee for a thorough job.

He said compared to 2023 revenue target of N48billion, the 2024 revenue target of N549billion was a huge progress owing to the thorough oversight of the committee.

Former President of the Senate, Ahmad Lawan, called on the need for more budgetary provision for wider network coverage across Nigeria, particularly in rural areas.

According to him, one of the major areas that require wider network coverage is electronic voting.

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He said in the last election, there was only 50 per cent network coverage across Nigeria, adding that there should be more budgetary allocation for network coverage in all relevant Ministries, Agencies and Departments (MDAs).

In a similar vein, the senate approved the 2024 budget of the Universal Service Provision Fund (USPF) of N17billion.

Presenting harmonised report of House of Representatives, Chairman, Senate Committee on Communications, Sen. Bilbis Ikra, said recurrent expenditure stood at N3.6billion and capital expenditure stood at N193, 300, 000 among other proposed expenses.

He said the fund was established to promote widespread availability of network services to underserved areas across Nigeria.

 

 

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