FG Earned $500 Million From 5G Spectrum Auction – Pantami

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Minister of Communications and Digital Economy, Ali Pantami, said the federal government has generated over $500 million from the 5G spectrum licence auction.

Mr Pantami stated this at a news conference on the implication of unauthorised use and sale of private mobile radio in Kano.

Represented by Famous Eseduwo, Director, Human Resources in the ministry, Mr Pantami said the 5G spectrum could support Nigeria’s economy if well managed.The Nigerian Communication Commission (NCC) had in September said it planned to generate N500 billion from the auctioning of two 5G spectrums in 2023.

Mr Pantami described the 5G spectrum as a critical national asset, saying, “the control of Spectrum is vested with federal government, in line with the constitution”. The event was part of the nationwide sensitisation by the ministry to create awareness against unauthorised use of private mobile radio.

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