The Federal Government is targeting N1.2 trillion revenue from telecommunications operators in the next 10 years.
To meet this target, the Federal Executive Council (FEC) has authorised the Nigerian Communications Commission (NCC) to operate the Revenue Assurance Solution (RAS) for 10 years.
The RAS is expected to generate N1.2 trillion by blocking revenue gaps within this period.
A statement from the Infrastructure Concession Regulatory Commission (ICRC) yesterday in Abuja said the Federal Executive Council (FEC) granted the NCC the approval to operate the RAS platform after it received the certificate of the Full Business Case (FBC) from the ICRC.
The RAS was designed by the Nigerian Communications Commission (NCC) and the Federal Ministry of Communications and Digital Economy (FMCDE), with the aim of improving “the collation and collection of Annual Operating Levy (AOL) from network operators”.
The RAS which is to span a 10-year period, is expected to increase the revenue accruals from AOL to the tune of N1.21 trillion within the period.
The ICRC noted that “with the approval by FEC and a requisite vetting by the Federal Ministry of Justice, the next stage will be the commercial close – contract execution, with Messrs 3R Consortium as the Private Partner”.
Messrs 3R Consortium on behalf of the NCC will Design, Finance, Build, Operate and Transfer (DFBOT) the RAS under the Public Private Partnership (PPP) model.