The Federal Ministry of Communications and Digital Economy has recorded total revenue of N1.05 trillion in the last two years, Checkout Magazine learnt.
The above-stated revenue was generated collectively alongside its departments and agencies.
Minister of Communications and Digital Economy, Dr Isa Pantami, disclosed this on Thursday during the 12th batch, virtual commissioning of eight projects in Abuja.
Pantami said the ministry and its parastatal agencies got a major chunk of its revenues from the salle spectrum allocation.
“The Ministry and its parastatals have generated over N1 trillion for the Federal Government in less than two years, this translates to an average of about N44 billion every month, or over N1.4 billion every day.
“For example, about N360 billion of this revenue was largely from spectrum allocated by the National Frequency Management Council (NFMC) to the Nigerian Communications Commission (NCC) and National Broadcasting Commission (NBC) for commercial purposes.
“Another, over N600 billion was paid by ICT Companies to the account of the Federal Government through the Federal Inland Revenue Service (FIRS),” he said.
He expressed gratitude to the Chief Executive Officers (CEOs) of the parastatal agencies, stakeholders, partners and all who contributed one way or the other to the success story of the ministry within the last two years.
