BREAKING: Reps approve N599 billion as NCC budget for 2023

The House of Representatives has approved N599.080 billion as the budget of the Nigerian Communications Commission (NCC) for 2023.

TheNewsGuru.com (TNG) reports the approval came following the consideration of the report on the NCC budget by the Committee of Supply, presided over by the Deputy Speaker, Rep. Ahmed Idris Wase.

The key provisions of the budget were N86.7 billion for Recurrent Expenditure; N5.2 billion for Capital Expenditure; and the sum of N35.089 billion for Special Projects.

The sum of N16 billion was approved to be transferred to the Universal Service Provision Fund (USPF); another N416.013 billion was for transfer to the Federal Government of Nigeria; and the sum of N16 billion for the Budget of the USPF).

TNG reports that the third reading of the money bill was slated for another legislative day.

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