The Nigerian Communications Commission (NCC) said it has set the new International Termination Rate (ITR) for voice services paid by overseas telecom carriers for terminating international calls on local networks in Nigeria at $0.045. NCC said the $0.045 rate is the floor price for ITR services and shall take effect from January 1, 2022.
The Commission made this known in a statement on Monday. It said the rate is to be paid in US Dollar to enable Nigerian operators receive an increasing rate in Naira terms to accommodate devaluation.
“The new rate is contained in the ‘Determination of Mobile International Termination Rate’ issued by the Commission on November 25, 2021. No licensee shall charge and/or receive effective rate per minute below the determined ITR floor rate.
As such, payment discounts, volume discounts and any other concession that has the effect of bringing the effective ITR lower than the rate determined shall be deemed a contravention of the new determination and will attract sanctions in line with the Nigerian Communications (Enforcement process, etc.) Regulations, 2019.
“The ITR Floor is the minimum that can be charged. Operators will be free to negotiate a rate above the floor and this will be entirely left to commercial negotiation between the operators and international carriers/partners..