FG Pass NCC’s N553.7bn 2023 Budget

President Buhari has proposed to the House of Representatives, the sum of N553.7bn 2023 allocated budget for the Nigerian Communications Commission (NCC).

In a report titled, ‘Report of the Committee on Telecommunications on the issue from the Statutory Revenue Fund of the Nigerian Communications Commission, the total sum of N553.72bn only, of which the sum of N72.13bn only is for recurrent expenditure, while N4.06bn only is for capital expenditure;

“The sum of N23.81bn only is for special project, while the sum of N10bn only is for transfer to the Universal Service Provision Fund; N443. 6bn only will be transferred to the Federal Government of Nigeria, and the sum of N16bn only is for the budget of the Universal Service Provision Fund for the period ending 31 December, 2023.”

In like manner another letter titled, Transmission of the FCT 2023 statutory budget proposal was obtained by The Eagle.

It contained the proposed budget allocated to the Federal Capital Territory.

READ ALSO: Labour Party Loses Another Leader

It read, “Pursuant to Section 121 of Constitution of the Federal Republic of Nigeria1999 (as amended), I forward, herewith, the Federal Capital Territory’s 2023 statutory budget proposal for the kind consideration of the House of Representatives.

“In the preparation of the Federal Capital Territory’s 2023 statutory budget proposal, the Federal Capital Territory Administration aligns with the Federal Government’s laudable fiscal development policies.

“Accordingly, the FCT 2023 budget proposal prioritises improvement in health care services, job creations, youth empowerment, social welfare services, education and increased productivity in agriculture, in order to lift significant numbers of our citizens out of poverty.