Modupe Gbadeyanka
By Modupe Gbadeyanka
The N70.6 billion needed by the Nigeria Communications Commission (NCC) as its budget in 2016 has been approved by the House of Representatives.
This followed the consideration and approval of the report submitted by the House Committee on Communications led by Mr Saheed Fijabi.
According to the report which was considered by the Committee on Supply chaired by the Speaker, Mr Yakubu Dogara, the lower legislative chamber of the National Assembly authorised the issue from the Statutory Revenue Fund of the NCC, N70,672,492,000.
From this total, N22,211,186,000 is for recurrent expenditure while N15,651,475,000 is for Capital Expenditure.
Similarly, N6,557,708,000 was also approved for Special Projects just as N8,584,000,000 and N17,668,123,000 will be transferred to the Universal Service Provision Fund (USPF) and the Federal Government, respectively.
On the late presentation of the budget, Mr 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.
