Ncc makes n47bn spectrum sale usage

You're referring to the recent spectrum sale by the Nigerian Communications Commission (NCC).

To provide some context, the NCC recently conducted a spectrum auction, which is a process where the commission sells off unused or underutilized spectrum (a range of frequencies used for wireless communication) to telecommunications companies. The goal of the auction is to generate revenue for the government and to promote the growth of the telecommunications industry in Nigeria.

According to reports, the NCC sold a total of 2,036.12 MHz of spectrum in the 2.6 GHz and 3.5 GHz frequency bands to various bidders. The total revenue generated from the sale is approximately N47 billion (or $123 million USD).

Here's a breakdown of the sale:

The sale of the spectrum is expected to improve the quality of mobile services in Nigeria, particularly in terms of data speeds and capacity. It will also enable telecommunications companies to offer new and innovative services to their customers.

It's worth noting that the NCC has been working to improve the country's telecommunications infrastructure and promote competition in the industry. The spectrum sale is part of these efforts, and it's expected to have a positive impact on the sector in the long run.