Home NCC presents RIA Report, reinforces commitment to consumer-centric telecom regulations

NCC presents RIA Report, reinforces commitment to consumer-centric telecom regulations

Share
Share

By Chioma Obinagwam

The Nigerian Communications Commission (NCC) hosted a Stakeholder Engagement Forum to present the Regulatory Impact Assessment (RIA) report on eight subsidiary legislations reviewed in 2024.

Confiance News gathered from a statement issued by the Commission on Thursday.

The event, a milestone in the Commission’s rulemaking process, underscored its dedication to fostering a transparent, fair, and consumer-focused telecommunications ecosystem through participatory regulatory engagement.

In his opening remarks, the NCC’s Executive Vice Chairman, Aminu Maida, highlighted the RIA’s alignment with the Commission’s three strategic focus areas: consumers, licensees and the market, and government objectives. “Consumers are at the heart of our regulatory efforts,” he emphasized, noting that the RIA evaluated the impact of these legislations on consumer satisfaction and Quality of Experience (QoE). The assessment also examined how these regulations affect licensees and market dynamics, aiming to reduce barriers to entry, promote fair competition, and optimize the use of scarce resources. Additionally, the RIA analyzed the legislations’ role in advancing government policies and national objectives.

He said that the RIA process marks an innovative step for the NCC, providing stakeholders—consumers, industry players, and government representatives—with a platform to offer feedback and suggest improvements. This collaborative approach ensures that subsidiary legislations are agile, adaptable, and effective in safeguarding public interest, stimulating innovation, and attracting investment to the telecommunications sector.

Confiance News learnt that the forum facilitated open discussions on the RIA’s findings and recommendations, which are expected to refine the NCC’s policies and align its regulatory framework with the industry’s evolving needs. “Today’s engagement allows us to recalibrate our strategic focus and ensure we meet the expectations of our stakeholders,” the representative stated, urging participants to engage constructively to build a regulatory framework that promotes growth and market sustainability.

Confiance News learnt that the NCC reaffirmed its commitment to a consumer-centric telecommunications landscape, emphasizing that stakeholder insights from the forum will shape future rulemaking and strengthen market rules. The event concluded with a call for continued collaboration to enhance consumer trust, provide regulatory clarity, and ensure the adaptability of subsidiary legislations.

The Commission expressed gratitude to all participants for their contributions, anticipating that the outcomes of the forum will drive meaningful progress in Nigeria’s telecommunications industry.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Member

Don't Miss

New Month Prayers for Breakthroughs: Powerful Declarations to End Delay, Shame, Stagnation

By Chioma Obinagwam Are you tired of stagnation, delay, and unfulfilled promises in your life? Discover biblical breakthrough prayers and prophetic declarations that...

CBN cuts interest rate to 26.5% as inflation falls for 11th straight month‎

By Chioma Obinagwam‎‎The Central Bank of Nigeria (CBN) has lowered its benchmark interest rate by 50 basis points to 26.5 percent, citing continued...

Related Articles

New Month Prayers for Breakthroughs: Powerful Declarations to End Delay, Shame, Stagnation

By Chioma Obinagwam Are you tired of stagnation, delay, and unfulfilled promises...

CBN cuts interest rate to 26.5% as inflation falls for 11th straight month‎

By Chioma Obinagwam‎‎The Central Bank of Nigeria (CBN) has lowered its benchmark...

History is Watching: Tinubu’s Moment to Rescue Nigeria’s Stolen Future

By Blaise Udunze‎‎Governance is not complicated. It is about people and the...

Atiku reacts to Peter Obi’s attack in Edo State

‎By Chioma Obinagwam The former vice president of Nigeria, Atiku Abubakar, has...