The Senate, on Tuesday, approved the 2023 budget of N559,080,711,000.00 for the Nigerian Communications Commission, NCC.
This was sequel to the presentation of the report by the Chairman, Senate Committee on Communications, Senator Oluremi Tinubu (APC, Lagos Central).
The NCC 2023 budget of N559,080,711,000 is made up of total recurrent expenditure of N86. 7bn, total capital expenditure of N5. 2bn, and special projects of N35bn.
In the report, the Commission is expected to transfer N416bn out of the projected revenue, to the Consolidated Revenue Fund.
The Senate also passed the Universal Service Provision Fund 2023 budget of N16bn, which is made up of N2. 4bn recurrent expenditure, N124.8bn capital expenditure and projects expenditure of N13. 4bn.
