The House of Representatives has approved the sum of ₦N70,672,492,000 as 2016 budget for the Nigerian Communications Commission (NCC).
The decision followed the adoption of the report of the Saheed Akinade Fijabi-led Committee on Telecommunications at plenary presided over by Speaker Yakubu Dogara.
Of the amount, ₦N22,211,186,000 is for recurrent expenditure, while ₦N15,651,475,000 goes for capital expenditure.
Besides, special projects get N6,557,708,000 while ₦N8,584,000,000 and ₦N17,668,123,000 are to be transferred to the Universal Service Provision Fund (USPF) and the Federal Government.
Source:© Copyright Guardian Online
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