NCC Incurs N17bn Deficit After Spending N35.2bn On Personnel, Consultancy Fees

Nigeria’s Telecommunications regulator, the Nigerian Communications Commission incurred a deficit of N17.39bn after spending N35.2bn on personnel and consultancy fees in 2021.

The NCC’s financial records for 2021 revealed the agency incurred a record N272bn which was driven by the country’s spectrum fees worth N189bn and N64.99bn revenue from administrative fees.

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