Section 16, The Telecommunications Act, 2006

(1) The activities of the Commission shall be financed bya fund consisting of – (a) moneys appropriated by Parliament for the purposes of the Commission; (b) moneys accruing to the Commission in the course of its operations, including licence fees, fines and other monetary sanctions imposed by the Commission; and (c) loans obtained from reputable financial institutions. (2) Subject to paragraph (c) of subsection (2) of section 9, the Universal Access Development Fund established by section 13 shall be used to address the needs of the least advantaged communities in telecommunications. (3) The fees referred to in paragraph (c) of subsection (1) shall be fixed so as to ensure the recovery of the full cost of the work involved in the services for which the fees are charged and the realisation of the optimal commercial value for the facilities and opportunities provided thereby.