The 2014 Appropriation bill of the Nigerian Communications Commission (NCC) yesterday scaled through second reading stage in House of Representatives.
The bill which was presented on the floor by the Leader of the House, Hon. Mulikat Akande- Adeola was unanimously passed when its Deputy Speaker, Hon. Emeka Ihedioha called for a vote.
The bill is for an Act to authorise the issue from the Statutory Revenue Fund of the NCC the total sum of N54,443,967,000
Of the amount, N14,823,226,000 is for recurrent expenditure and N7,359,320,000 is for transfer to the Federal Government, while the the sum of N8,400,000,000 is for transfer to the Universal Service Fund (USPF).
An additional sum of N8, 012,778,000 is expected to be transferred from reserves and the balance of N15, 847,743,000 is for capital and special projects for the year ending December 31 this year.
