COMMUNICATION SERVICE TAX
FG targets N1.2tn from telecom operators, approves revenue collection solution.
The Federal Executive Council has given approval for the Revenue Assurance Solution
project through the Design, Finance, Build, Operate and Transfer public-private partnership
model.
RAS, which was designed by the Nigerian Telecommunications Commission and the
Federal Ministry of Communications and Digital Economy, seeks to improve the collation
and collection of Annual Operating Levy from network operators
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.
The approval was contained in a statement released on Thursday by the Acting Head Media & Publicity
of Infrastructure Concession Regulatory Commission, Manji Yarling.
The statement was titled, “FG approves Revenue Assurance Solution Project: To generate
N1.2trn in 10 years”
It stated that the RAS project will span a 10-year period and is expected to increase the
revenue accruals from AOL to the tune of N1.2tn within the period.
The statement read in part, “The RAS is expected to block possible gaps in revenue
accountability, using cutting-edge technology solutions and shall provide additional layer of
assurance that the licensees of the Commission pay the correct Annual Operating Levies
and meet other regulatory obligations without any miscalculations and/or exemptions based
on faulty and inaccurate data and information”.
“The deployment of the RAS platform will significantly improve the NCC’s current AOL
revenue computation and collection system, amongst other benefits’’, the statement read.
“The AOL regulations which came into force via a 2014 gazette by the Federal Government,
as an addendum to the NCC Act of 2003, stipulates in part that: “Every licensee that is a
network operator shall pay to the commission an Annual Operating Levy assessed at two
and a half per cent of the Licensee’s Net Revenue for the relevant period being its gross
revenue less its roaming, interconnect and bandwidth costs for the period”.
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FG targets N1.2tn from telecom operators, approves revenue collection solution (punchng.com)
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