The Nigerian Communications Commission has disclosed that the failure of telecommunications companies to purchase 5G spectrum licences was largely responsible for its low revenue generation in 2024. The NCC’s Director of Financial Services, Yakubu Gontor, and its Chief Executive Officer/Executive Vice Chairman, Aminu Maida, revealed this during the 2025 budget defence before the National Assembly
NCC blames failed 5G auction for 2024 revenue shortfall
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