The upper chamber of the National Assembly has approved the sum of N633,393,283,000.00 billion as the budget for the Nigerian Communications Commission (NCC) for the 2022 fiscal year.
The approval followed the consideration of a report by the Committee on Communications.
In her presentation, the Chairperson of the Committee, Senator Olufemi Tinubu (APC, Lagos Central), said out of the approved sum, N86,242,952 was for Recurrent Expenditure; N30,336,144 for Capital Expenditure and N42,445,864 for Special Projects; N466,868,323 was transferred to Federal Government; and N7,500,000 as Transfer to Universal Service Provision Fund.
The lawmaker added that others include: Sundry Income, N5 million, FG Intervention for Broadband Infrastructure, N41.6 billion and Transfer from Reserve, N1 billion.
In a related development, the Senate also on Wednesday approved the sum of N8,824,847,408 billion as the 2022 budget for the Universal Service Provision Fund.
Senator Tinubu, in a second presentation, said out of the sum approved, N1,923,760,092 was for Recurrent Expenditure; N357,959,020 for Capital Expenditure; and N6,543,128,296 for Projects and Programmes.
