Digital Economy: Ministry, agencies generate N1.05trn in 2 years

Digital Economy: Ministry, agencies generate N1.05trn in 2 years

The Federal Ministry of Communications and Digital Economy and its departments and agencies have collectively generated a total of N1.05 trillion in the last two years.

The Minister of Communications and Digital Economy, Dr Isa Pantami, disclosed this on Thursday during the 12th Batch Virtual Inauguration of eight projects in Abuja.

Pantami said that the ministry and its parastatal agencies got a major chunk of its revenues from the sale of spectrum allocations.

“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.

The minister said that over N94 billion was generated for the government, and approved by the National Assembly, in line with relevant laws, as part of the 2020 appropriation for personnel, capital projects, capacity building and interventions, among others.

Pantami thanked the Chief Executive Officers (CEOs) of the parastatal agencies, stakeholders and partners, as well as all those who had contributed, in one way or the other, to the success story of the ministry within the last two years.

“The IT Projects Clearance Programme also saved over N5 billion for the Federal Government.

“I wish to thank all our esteemed partners, stakeholders and members of the communications and digital economy family for supporting us in the last two years.

“We look forward to your continued support and partnership.

“The CEOs of all the parastatals under the ministry have been committed to their responsibilities and I commend them for this.

“I also urge them to redouble their efforts in ensuring that we keep up the good work of developing Nigeria’s digital economy,” he said.

The Executive Vice Chairman of the NCC, Prof. Umar Dambatta, and the Director-General, National Information Technology Development Agency (NITDA), Malam Kashifu Inuwa, thanked the minister for the feats in executing the projects.

The two CEOs also said that the projects would help the government in its digital economy drive.

The inaugurated projects are Emergency Communications Centre (ECC), Makurdi; Virtual Examination Centre, College of Education, Argungu and E-accessibility Centre, Alderstown Schools for the Deaf, Warri.

Others are E-Health/Data Sharing Project, Leko Abdulrahman Hospital, Daura; Digital Economy Centre and E-Learning Facilities, Ogba Grammar School, Lagos State; and Digital Economy Centre & E-Learning Facilities, St Paul Secondary School, Eke, Enugu State.
The remaining ones are Digital Economy Centre and E-Learning Facilities, Federal Character Commission, Abuja; E-Accessibility Centre, Bauchi State Orphans and Vulnerable Children School, Bauchi.

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