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NCC Targets $1bn Revenue In 2025 With 6G Spectrum, New Technologies

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…attributes low revenue in 2024 to lack of 5G Sales

By Gloria Ikibah

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The Nigerian Communications Commission (NCC) has set a revenue target of $1 billion in 2025, leveraging the introduction of 6G spectrum and other advanced technologies.

This was disclosed by NCC’s Chief Executive Officer/Executive Vice Chairman, Aminu Maida, and Director of Financial Services, Yakubu Gontor, during the 2024 budget review and 2025 proposal defense before the National Assembly Joint Committee on Communications on Thursday, in Abuja.

For 2025, the NCC projects a total revenue of N272.433 billion, with key components including, N205.7 billion from operating levies, N49.784 billion from spectrum fees and additional revenue from other sources.

On expenditure, the NCC plans N95.668 billion for recurrent expenses, N10.735 billion for capital projects and N30.13 billion for special projects. The total projected expenditure stands at N136.534 billion, with an estimated N120.836 billion to be remitted to the Consolidated Revenue Fund (CRF).

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Maida revealed that in 2024, the NCC generated N195.8 billion, with N111 billion remitted to the CRF. The breakdown of earnings included, N137.6 billion from annual operating fees and N26.4 billion from spectrum fees. But the NCC said it fell short of its N292.3 billion revenue target for the year, primarily due to the inability to auction a slot of the 5G spectrum.

Gontor explained that telecom companies’ reluctance to purchase additional 5G spectrum licenses significantly impacted revenue.

He however noted that two major operators already hold 5G licenses but are underutilizing them, and the third-largest operator, expected to buy a slot, opted out, citing business expansion priorities.

Additionally, despite a 50 percent increase in telecom tariffs, the NCC does not anticipate a major revenue boost from spectrum sales, as telecom firms are prioritizing service improvements over spectrum investments.

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Co-Chairman of the Committee, Senator Aliyu Ikrah Bilbis, noted that the NCC’s presentation will guide lawmakers in assessing the commission’s plans and improving its performance in 2025.

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Olorogun Olori hails Wike’s political sagacity in South South

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Elder statesman, Olorogun Morrison Olori, has hailed the Minister of the Federal Capital Territory, Chief Nyesom Wike, for his outstanding political leadership in the South-South region and his strategic role in advancing President Bola Ahmed Tinubu’s Renewed Hope Agenda.

Olori, an octogenarian and chieftain of the All Progressives Congress (APC) in Delta State, particularly praised Wike for his transformative work as Minister of the Federal Capital Territory (FCT).

In a statement made during a public policy dialogue in Abuja, Olorogun Olori hailed Chief Wike as “a tireless bridge-builder and result-oriented leader who has brought stability and strategic political direction to the South-South and beyond.”

Chief Wike has not only strengthened the political base of the South-South region but has also become a key player in driving the Renewed Hope Agenda of President Tinubu through inclusive governance and infrastructural transformation,” Olori said.

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Highlighting Wike’s impact as FCT Minister, Olori pointed to the minister’s record-setting performance in the signing of over 5,000 Certificates of Occupancy, as well as his aggressive infrastructure renewal across the city, including road expansions, urban beautification, and housing developments. He described Wike’s efforts as “a masterclass in leadership and vision.”

“His work in Abuja has demonstrated that the Renewed Hope Agenda is not just a slogan—it is being implemented in concrete ways. He is delivering real, visible change,” Olori noted.

Olorogun Olori also emphasized Wike’s political courage in rallying support for national unity and economic revival, particularly in the South-South geopolitical zone, where he continues to serve as a stabilizing force and a voice of progress.

“Wike has used his influence not for personal gain, but to elevate the South-South and to help President Tinubu consolidate the gains of this administration,” Olori added. “This kind of partnership between the presidency and regional leaders is exactly what Nigeria needs right now.”

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Olori, however, urged other political leaders to emulate Wike’s commitment to excellence and patriotism, emphasizing that Nigeria needs more leaders who “serve with sincerity and deliver with impact.”

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Nigeria Felicitates with South Africa on 31st Freedom Day Anniversary

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By Gloria Ikibah 

Nigeria has congratulated South Africa on the celebration of its 31st Freedom Day anniversary, marking more than three decades since the end of apartheid rule.

This was contained in a statement issued by the Ministry of Foreign Affairs, on Sunday in Abuja, the Minister, Ambassador Yusuf Maitama Tuggar, extended warm greetings to his South African counterpart, His Excellency Ronald Lamola, Minister of International Relations and Cooperation.

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Ambassador Tuggar described the day as a reminder of the historic victory of democracy over apartheid and a celebration of the resilient and unified spirit that continues to shape South Africa’s journey.

“Nigeria and South Africa share a profound bond forged through decades of solidarity in the liberation struggle. As we reflect on this milestone, we recall Nigeria’s unwavering support for the anti-apartheid movement, including diplomatic, material, and moral contributions that underscored our commitment to justice and the ethos of pan-Africanism,” the statement read.

Highlighting the strong bilateral ties between the two countries, Tuggar emphasized the shared responsibility Nigeria and South Africa have in promoting peace, security, and inclusive development across the African continent.

He noted that as Africa’s two largest economies and democracies, there is a need to strengthen collaboration in areas such as trade and investment through the African Continental Free Trade Area (AfCFTA), as well as cultural exchanges and youth empowerment.

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“Therefore, on this Freedom Day, we stand with South Africa in honouring the sacrifices of heroes like Walter Sisulu, Nelson Mandela, Govan Mbeki, Thabo Mbeki and recommit to working together to realize the vision of a prosperous, peaceful, and united Africa,” he added.

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Enugu Reps caucus backs concessioning of Enugu airport

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The Enugu Caucus in the House of Representatives has thrown its weight behind the Federal Government’s plan to concession the Akanu Ibiam International Airport, Enugu, describing it as a potential catalyst for the Southeast economy.

The caucus commended the Federal Government for the initiative and urged it to hasten the process to enable the people of the Southeast and the nation to benefit from it in earnest.

It also called on the people of the region to support the concession as the only way to guarantee sustainable investment to fully develop the airport into a truly international facility.

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