Close Menu

    Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    AIICO, AXA Mansard Dominate as Nigerian Insurers Pay N288.85bn Claims in 2025

    April 25, 2026

    Mali junta battles “terrorist groups” as coordinated attacks hit Bamako and other cities

    April 25, 2026

    Japan eases long-standing restrictions on weapons exports to strengthen defence ties with allies

    April 25, 2026
    Facebook X (Twitter) Instagram
    Megastar Magazine
    • Politics

      US Lawmakers Raise Concerns Over Gbajabiamila’s Alleged Call to Disrupt ADC Ahead of 2027 Elections

      April 24, 2026

      APC Ogun East Stakeholders Declare ‘No Endorsement Provision, Recognise Only Consensus or Direct Primaries’

      April 24, 2026

      Obasa Endorses Hamzat for Lagos 2027 Governorship Race

      April 24, 2026

      Afrobeats Star Davido Appointed Head of Youth Mobilisation for Governor Adeleke’s 2026 Re-Election Campaign

      April 24, 2026

      Rescue Mission 2.0: Why Governor Dauda Lawal Should Continue Rebuilding The Future Of Zamfara Through Investment in Education

      April 22, 2026
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment April 24, 2026

      Laffmattazz Announces Strategic Partnership with FirstBank of Nigeria Limited for 2026 International Tour

      Recent

      Laffmattazz Announces Strategic Partnership with FirstBank of Nigeria Limited for 2026 International Tour

      April 24, 2026

      5 Reasons Why Lovers of Good Comedy Should Attend “Mr Talk Unbothered – The Fearless on Sunday”

      April 24, 2026

      Zinoleesky Exits Marlian Music, Launches Independent Record Label

      April 24, 2026
    • Business

      Transcorp Group reports ₦125.1bn revenue and ₦50.7bn profit before tax in Q1 2026 results

      April 25, 2026

      Dangote Refinery Exports 1.1bn Litres Of Aviation Fuel To Europe, Supplies 95% Of Nigeria’s Jet A1 – AON  

      April 24, 2026

      Guinness Nigeria Shines as Major Winner in Sustainability Award at Industry Awards

      April 22, 2026

      FirstBank Declares Readiness to Sponsor Global Trade Review 2026

      April 21, 2026

      Dangote Cement Reaffirms Commitment To Host Communities As LOYAMP Seeks Stronger Media Partnership

      April 20, 2026
    • Health

      Cross River Dismisses Report of New COVID-19 Cases

      April 23, 2026

      Cross River Activates Emergency Response As It Confirms First COVID-19 Case Since 2022

      April 23, 2026

      FG Bans Importation of Paracetamol, Metronidazole to Boost Local Drug Production

      April 19, 2026

      Heatwave Raises Malaria Risk as Health Officials Issue Nationwide Alert

      April 17, 2026

      Lagos Pushes Grassroots Health Insurance Drive With Ilera-Eko, Ilera Ibile Engagement

      April 16, 2026
    • Culture

      Adron Homes Strengthens Cultural Influence During Ibadan Cultural Festival

      April 20, 2026

      Ogun State to Showcase “The Rock That Remembers” at Milan Design Week

      April 19, 2026

      Tourism: Olumo Rock Revenue Hits N40m Monthly After Refurbishment ~ Ogun Gov

      April 18, 2026

      Adron Homes Champions Cultural Heritage at Ibadan Cultural Festival 2026

      April 17, 2026

      Abuja Hosts Nigeria–China Martial Arts Exchange to Boost Cultural Diplomacy

      April 14, 2026
    • Lifestyle

      World Bank Highlights Early Childhood Development as Key to Nigeria’s Economic Future

      April 19, 2026

      Hilda Baci Secures Third Guinness World Record, Extends Culinary Milestone

      April 6, 2026

      Lagos Hosts “Homecoming Live Music Show” as Alternative Scene Takes Center Stage

      April 4, 2026

      QR Menus and Aesthetic-Driven Dining Redefine Restaurant Experience for Gen Z

      March 27, 2026

      How My Gold Jewelry Ended In Lagoon ~ Adeboye

      March 19, 2026
    • Sports

      D’Tigress Set for Historic USA Tour Opener Against Los Angeles Sparks

      April 25, 2026

      D’Tigress in group with France, South Korea in FIBA World Cup

      April 22, 2026

      FIFA ranking: Super Falcons top Africa at 36th position

      April 21, 2026

      World Chess Championship: Tunde Onakoya To Represent Nigeria In Hong Kong

      April 21, 2026

      Fmr. Nigerian Sports Minister Galadima Passes On

      April 19, 2026
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home » Budget: NCC Defends ₦472bn For 2026, Lawmakers Request Better Accountability
    News

    Budget: NCC Defends ₦472bn For 2026, Lawmakers Request Better Accountability

    Ifetayo AdeniyiBy Ifetayo AdeniyiMarch 9, 20263 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

    • Says all these efforts, on the budge, helped improve broadband penetration and key network quality indicators.

    The Nigerian Communications Commission (NCC) has defended its proposed ₦472 billion budget for the 2026 fiscal year before the joint communications committees of the Senate of Nigeria and the House of Representatives of Nigeria in Abuja, outlining its spending plans, revenue projections, and key priorities for the telecommunications sector.

    Leading the presentation was the Commission’s Executive Vice Chairman and Chief Executive Officer, Aminu Maida, who explained that the proposed budget aligns with the 2026–2028 Medium-Term Expenditure Framework (MTEF) and covers recurrent expenditure, capital projects, statutory transfers and special interventions.

    According to Maida, the Commission expects to spend about ₦424 billion on recurrent costs, including personnel expenses, regulatory operations, industry monitoring and other oversight activities. Another ₦15 billion has been set aside for capital projects and targeted interventions, such as expanding broadband access in underserved communities and strengthening consumer protection programmes.

    He also disclosed that the Commission plans to remit approximately ₦207 billion to the federal government’s Consolidated Revenue Fund, while ₦20 billion will be transferred to the Universal Service Provision Fund (USPF) to support nationwide digital infrastructure development.

    Maida told lawmakers that the telecommunications sector recorded strong growth in 2025, driven by increased network investments by operators and regulatory initiatives by the Commission. These efforts, he said, helped improve broadband penetration and key network quality indicators.

    However, members of the National Assembly sought greater clarity on several aspects of the proposal. The Chairman of the Senate Committee on Communications, Ikra Aliyu Bilbis, and the Chairman of the House Committee on Communications, Akeem Adeniyi Adeyemi, questioned the Commission on its internally generated revenue projections, differences between past budget approvals and actual spending, and the status of unspent funds from previous fiscal years.

    Lawmakers also examined the allocation for capital projects, urging the regulator to ensure stronger oversight and measurable results. They requested detailed plans on spectrum management, reforms around telecom Right-of-Way charges, and broader digital economy strategies aimed at boosting the sector’s contribution to national development.

    Despite the scrutiny, members of both chambers acknowledged the telecommunications sector’s growing role in Nigeria’s economy, noting that the NCC exceeded earlier revenue projections in the previous fiscal year and significantly increased remittances to the federation account.

    Civil society groups present at the hearing also urged the Commission to maintain focus on consumer rights, service quality, affordability and digital inclusion, particularly for rural and underserved communities.

    The NCC’s appearance forms part of the National Assembly’s ongoing review of the 2026 Appropriation Bill, which proposes total federal spending of about ₦58.47 trillion for the year.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleUBA Business Series to Spotlight New Generation of Female Leaders
    Next Article Airtel Africa Foundation Awards Scholarships To First Batch Of Nigerian Undergraduates 
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    News April 25, 2026

    FG approves increase in allowances, new benefits for Nigerian civil servants

    News April 25, 2026

    Osahon Okunbo Wins Vanguard Young Entrepreneur of the Year for Cross-Sector Impact

    News April 25, 2026

    As Sanwo-Olu swears in Seven New Permanent Secretaries, Demands Alignment with THEMES+ agenda 

    Health & Wellness April 25, 2026

    World Malaria Day: Chevron Reinforces Commitment to Malaria Eradication Across Africa

    News April 25, 2026

    Nigeria Customs, Stakeholders Drive Communication Strategies On Food Security At NPRW 2026

    News April 25, 2026

    NCC Introduces IPv6 Council To Drive Next-Generation Internet Transition

    Leave A Reply Cancel Reply

    Don't Miss
    Stocks $ Bonds April 25, 2026

    AIICO, AXA Mansard Dominate as Nigerian Insurers Pay N288.85bn Claims in 2025

    Manny Ita  – Top Nigerian listed insurers on the Nigerian Exchange (NGX) paid a total…

    Mali junta battles “terrorist groups” as coordinated attacks hit Bamako and other cities

    April 25, 2026

    Japan eases long-standing restrictions on weapons exports to strengthen defence ties with allies

    April 25, 2026

    Sarah Mullally, first female Archbishop of Canterbury, to meet Pope Leo XIV in historic Vatican visit

    April 25, 2026

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Our Picks

    Olori Atuwatse III To Champion Free Medical Outreach In Delta

    December 8, 2021

    Prophet Joshua Iginla Buries Mother In Grandstyle As Ooni Of Ife, Wife, Top Dignitaries Storm Ekiti

    October 31, 2021

    Telegraph honour late Capt. Okunbo, Lawan, Sanwo-Olu, Emefiele others

    November 25, 2021
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2026 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.