Senate approves N140bn budget for NCC

0
268

The Senate on Wednesday approved the sum of N140,383,591,000 as the 2020 budget for the Nigerian Communications Commission (NCC).
The Senate also approved the sum of N11,594,920,847 for the Universal Service Provision Fund (USPF) for 2020.
The approvals followed the consideration of the reports of the Senate Committee on Communications during plenary.
Chairman of the Communications Committee, Senator Oluremi Tinubu, represented by the Senator representing Niger South, Mohammed Bomai, gave details of the NCC’s budget at plenary.
According to Senator Tinubu, the Commission would expend, the sum of N39,297,044,000 is for recurrent expenditure and N20,863,699,000 for special projects.
She added that out of the total budget for the Commission, the sum of N8,129,462,000 is for capital expenditure, N64,208,446,000 for Transfer to Federal Government, and N7,500,000,000 as Transfer to the Universal Service Provision Fund.
Out of the N11billion approved for the USPF by the upper chamber, N2,354,055,799 is for recurrent expenditure, N196,108,610 for capital expenditure and N9,044,756,438 for USPF projects and programmes.

LEAVE A REPLY

Please enter your comment!
Please enter your name here