Nigeria, Jan. 31 -- The Nigerian Communications Commission (NCC) has attributed its low revenue in 2024 to the inability to auction 5G spectrum licences.

This was revealed during the 2025 budget defence before the National Assembly Joint Committee on Communications.

The NCC's Director of Financial Services, Yakubu Gontor, explained that market conditions prevented the sale.

He noted that two major telecom operators already have 5G licences but are not fully utilizing them.

The third-largest operator, which was expected to buy the available slot, chose to focus on expanding its business instead.

With only one slot available and a limited number of interested buyers, the auction could not proceed.

Despite a 50% increase in telecom tar...