By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: 6G: NCC Eyes $1 Billion Revenue Boost, 5G Spectrum Sales Lag
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

6G: NCC Eyes $1 Billion Revenue Boost, 5G Spectrum Sales Lag

Genesis Obong
By Genesis Obong
Published: January 31, 2025
Share
3 Min Read
6G Nigeria, NCC
SHARE

The Nigeria Communications Commission (NCC) is poised for a significant revenue surge with the imminent arrival of 6G technology, projecting a potential windfall of $1 billion. This ambitious target, outlined during the 2025 budget defence before the National Assembly, underscores the transformative potential of this next-generation wireless communication standard.

However, a major roadblock to the NCC’s revenue aspirations remains: the sluggish uptake of 5G spectrum licenses. Despite a recent 50% tariff hike, the Commission acknowledged that its spectrum sales this year are unlikely to meet initial projections.

“Two large operators already possess 5G spectrum, yet they are underutilising it,” lamented Yakubu Gontor, NCC’s Director of Financial Services. “The third major player, who we anticipated would acquire the available spectrum, indicated that now might not be the opportune moment.” This lack of industry enthusiasm casts a shadow over the Commission’s short-term revenue goals.

While Gontor emphasised the long-term value of spectrum leases (“It’s a 10-year cycle, much like leasing land”), the current market realities pose a significant challenge. The focus for telecommunications companies appears to be on service improvement and network expansion rather than immediate spectrum acquisitions.

- Advertisement -

Read Also:

Nigeria 5G: Subscription Falls to 4.05m After Audit

Nigeria’s Mobile Tariff Hike to Unlock $150M Investment, Boost 4G Access to 94%: GSMA Projects 2% GDP Growth

This shift in priorities has direct consequences for the NCC’s budget. The Commission projected a total revenue of N272.433 billion for 2025, with a significant portion reliant on operating levies and spectrum fees.

- Advertisement -

“We had to revise and be more realistic,” admitted Aminu Maida, the NCC’s CEO/EVC. The Commission fell short of its 2024 revenue target of N292.3 billion, primarily due to the failed 5G spectrum auction. This shortfall directly impacted the amount remitted to the Consolidated Revenue Fund (CRF).

Despite these challenges, the NCC remains optimistic about the future. “6G represents a paradigm shift,” Maida stated. “It will not only revolutionise telecommunications but also drive economic growth across various sectors.” The potential for 6G to unlock new revenue streams and propel Nigeria into a digital frontier is undeniable.

However, navigating the current market realities and fostering a more conducive environment for 5G adoption will be crucial for the NCC to achieve its ambitious revenue targets and fulfil its mandate of driving the nation’s digital transformation.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:5G6GNCCRevenueSpectrumTechnologyTelecom
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByGenesis Obong
Follow:
Genesis Obong is a Journalist with relevant experience in Business, Finance and Economic matters in Nigeria and across the West African space.
Previous Article Local Gin Production Local Gin Producers Crack Down on Unwholesome Practices
Next Article Nigerian CNG Station Nigeria Targets 150 CNG Stations by Year’s End, Aims for 1 Million CNG Vehicles by 2027

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 3 weeks ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Taiwo Oyedele
FG Sets Ambitious Target to Raise Tax-to-GDP Ratio to 18% Within Three Years
Economy
Suspected IPOB/ESN Landmine Explosion Claims Six Lives in Imo Market
News
Political Rift Between Wike and Fubara Resolved After Presidential Mediation
News
NNPC
Senate Issues Ultimatum as NNPCL Fails to Appear Over N210 Trillion Audit Discrepancies
Energy & Oil
Federal Revenue Agencies to Undergo Restructuring as President Tinubu Enacts Major Tax Reform Legislation
News Top stories
- Advertisement -
Ad imageAd image

You May Also Like

NewsTop stories

BREAKING: President Tinubu Endorses Four Major Tax Reform Bills

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 26, 2025
Lagos State Government
News

Lagos State Government Refutes Peter Obi’s Allegation of Property Demolition, Orders Probe

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 26, 2025
News

Oyo State Governor Seyi Makinde Renames Polytechnic Ibadan in Honour of Late Dr. Omololu Olunloyo

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 26, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?