ABUJA, NOVEMBER 23, 2016 – With less than two months to end the year, the House of Representatives yesterday approved a whopping N70.6billion for the Nigeria Communications Commission (NCC) as its budget 2016.
This was sequel to the consideration and approval of the report submitted by the House Committee on Communications headed by Hon. Saheed Fijabi.
According to the report which was considered by the Committee on Supply chaired by the Speaker, Hon. Yakubu Dogara, the Green Chamber authorised the issue from the Statutory Revenue Fund of the NCC, N70,672,492,000.00.
From this total, N22,211,186,000.00 is for recurrent expenditure while N15,651,475,000.00 is for Capital Expenditure.
Similarly, N6,557,708,000.00 was also approved for Special Projects just as N8,584,000,000.00 and N17,668,123,000.00 will be transferred to the Universal Service Provision Fund (USPF) and the Federal Government, respectively.
On the late presentation of the budget, Fijabi said the report was stepped down on the floor of the House earlier because of typographic errors as well as wrong placement of figures and subsequently apologised to members.