Nigeria Made $547m From 5G Auction- Buhari

President Muhammadu Buhari has disclosed that the auctioning of the fifth generation (5G) spectrum generated over $547 million into the federal government coffers.

Buhari made this known on Tuesday while inaugurating the national shared services centre (NSSC) in Abuja.

The NSSC is a one-stop shop for ministries, departments, and agencies (MDAs) to interface with citizens; and also houses a cybersecurity operations centre, network centre, and call centre.

Speaking at the inauguration, Buhari said, aside from the revenue generated from the auctioning, the 5G spectrum an additional fueling option for funding development.

He also applauded the contributions of the digital sector in driving growth, creating employment, and generating revenue for the country.

On NSSC, Buhari said the facility would provide services that are “swift, secure, and seamless’’.

He added that the information, communication, and technology sector (ICT) had accelerated the diversification of the economy and contributed an unprecedented 18.44 percent to the gross domestic product (GDP), close to three times the 6.33 percent contribution of the oil sector in the second quarter of 2022.