General
NCC to Use Revenue Assurance Solution to Block Leakages
By Adedapo Adesanya
The Nigerian Communications Commission (NCC) says it is going to deploy Revenue Assurance Solution (RAS) to monitor revenue generated by its licensees in a bid to block leakages in their Annual Operating Levy (AOL).
This was disclosed by the Executive Vice-Chairman, (EVC) of the telecommunications industry regulator, Mr Umar Danbatta, on Friday in Abuja, during an interactive session with stakeholders on the deployment of RAS in the Nigerian telecommunication industry.
Speaking on the importance of RAS to the nation’s economy, Mr Danbatta said it would enable the commission to determine how much their licensees generate annually.
He explained that the technology solution would not wait for licensees to submit information to the commission before determining what they should pay as AOL.
“The financial burden of deployment will be on the operators. This project relieves the commission of the initial financial burden that will be required for the deployment of the RAS project.
“It will also ensure that accurate revenue generated by the licensed network operators are tracked, analysed and utilised for the benefit of the industry. Beyond revenue assurance, when deployed, the NCC RAS will bring a lot of solutions to the industry,” he said.
He added that the solution would include more effective and enhanced monitoring and regulation of the licensed telecommunications operators by the commission.
The EVC said the commission believed that the deployment of an appropriate revenue assurance solution would confer higher levels of integrity and fidelity on the AOL figures obtainable in the industry.
He also said the RAS would enable NCC to validate the information, records and data supplied to it by the licensees from time to time, amongst others.
“This is in addition to plugging possible loopholes and leakages in the revenue computation and collection processes. AOL is a very important tool in the regulation of the telecommunications industry. In Nigeria, the importance of AOL is well expressed in the Nigerian Communications Act 2003.
“AOL can be described as the taproot of an efficient and effective telecommunications regulatory environment. The mechanisms for collection and computation of AOL, are of interest and importance to both the regulator and the operating networks,” he said.
Mr Danbatta explained that various efforts had been made towards achieving a very effective AOL administration, pursuant to the powers of the commission under Section 72 of the NCA Act 2003.
He informed that one of these key efforts include the making of the Regulations 2014, which was also currently undergoing review. According to him, some of the major objectives of the AOL Regulations, as provided in Part 1 (2) of the AOL Regulations 2014, are to:
“Create and provide a regulatory framework for the effective and efficient administration by the Commission of the Annual Operating Levy regime and all matters related thereto;
“Stipulate the mode and methods of assessment of Annual Operating Levy and the payment modes thereof; specify guiding standards and principles for the administration by the Commission of the Annual Operating Levy regime.”
The NCC boss also said that the size of the Nigerian telecommunications industry and revenue events engaged by the network operators, demands effective, accurate and technology-driven revenue assurance solution which NCC-RAS represents.
Mr Danbatta said appropriate revenue assurance systems have resulted in higher revenues and plugging of leakage and that modern revenue assurance systems had shown to be equipped with additional capacities to generate and analyse information beyond those required for revenue computation.
“The system is designed to be connected to the licensed telecommunications operators’ systems. It will have the capability of capturing and reporting in near real-time billing activities by the operators for the purposes, amongst others.
“Computing and assuring with minimal, if any, error margin, the accrued AOL payable to the NCC by the licensees,” he said. He advised Ministries, Departments and Agencies (MDAs) who might need data not to duplicate efforts but come to the NCC for it.
“This effort may be relevant to the FIRS for payment of taxes by our licensees and so there is no need for duplication of this effort by another agency of government. So the whole essence is to ensure seamless cooperation of all MDAs that require the kind of data we will be getting from this effort. Which is for the purpose of computation of other levies, operating levies,” he explained.
Nigerian Bottling Company (NBC), the official bottling partner of The Coca-Cola Company in Nigeria, is marking World Youth Day 2025 by celebrating the resilience, innovation, and impact of young Nigerians who are transforming their communities and driving inclusive growth.
At the core of this celebration is NBC’s flagship #YouthEmpowered initiative—designed to equip young people with essential life and business skills for the future of work. Since its launch in Nigeria in 2017, the program has empowered over 60,000 youth through hands-on training, digital upskilling, mentorship, and entrepreneurial coaching.
As part of this year’s activities, NBC will premiere a documentary that spotlights inspiring YouthEmpowered alumni who are building businesses, leading change, and shaping brighter futures for themselves and their communities. The documentary will be available to the public on NBC’s official website, YouTube channel, and social media platforms.
Featured in the film is Esohe Ekunwe, who now leads Alpha Connect, a community initiative focused on financial literacy, wellness, and civic engagement. She credits the YouthEmpowered program with not only influencing her business journey but also transforming her mindset.
The documentary also highlights other changemakers such as Doyin Ogunye, founder of Women and Youth Empowerment, whose environmental work in Lagos is tackling waste and creating jobs; and Kingsley Oguchechukwu, founder of Kingsman Luxury in Enugu, who turned a major business setback into a thriving fashion brand.
By shining a light on these stories, NBC reaffirms its commitment to empowering young Nigerians and supporting their vital role in national development.
By Aduragbemi Omiyale
It was a glorious moment for Ms Bunmi Esther Olalude and Ms Christianah Madu, the two Nigerian innovators honoured at the prestigious Anzisha Prize Awards Gala held on August 6, 2025.
They were among the four prize winners who received a $10,000 prize each to further the impactful work they are already delivering in their communities.
Ms Olalude was honoured with the Job Creation Award for creating the most jobs, particularly for women and youth, and she informed the audience, “If I keep on doing what I am doing, I know I can go anywhere and reach my biggest dreams.”
On her part, Ms Madu was awarded the Storytelling Award for her powerful communication and ability to increase visibility for her venture.
Another winner was Ms Cebolenkosi Gcabashe from South Africa, who earned the Revenue Growth Award for his business which showed the greatest increase in profitability.
“As a person from a rural area, this award means the world to me and the community I come from,” he said, urging young business leaders to “start where you are with what you have and the rest will come along with your journey.”
The fourth winner, Mr Tafadzwa Manyanye, received the Systems of Delivery Award for building strong operational systems to scale efficiently, and he advised other aspiring entrepreneurs to “just start,” noting, “whatever you are doing, starting today means you are gearing up for a successful tomorrow.”
The ceremony was part of the Anzisha Entrepreneurship Education in Africa (EEA) Summit, held at the African Leadership Academy campus.
The event concluded with a powerful call to action for business and community leaders to support the continent’s very young entrepreneurs.
The summit brought together policy architects, educators, investors, and business leaders to explore best practices in entrepreneurship education and celebrate the innovative strategies driving youth-led growth.
“Youth entrepreneurship isn’t the backup plan, it’s the blueprint. For too long we have treated entrepreneurship as plan B, the path we take when the real systems fail you. But today has reminded us that youth-led enterprise isn’t what happens when things go wrong, it’s what happens when young people take control of their futures,” Anzisha Prize Managing Editor, Didi Onwu, said.
“We’ve heard from our entrepreneurs who are running digital schools, inventing organic farming alternatives, designing global fashion brands, solving health challenges and more – all before the age of 25. They’re not asking if they’re too young. They’re building anyway,” Onwu added.
By Adedapo Adesanya
The Minister of Industry, Trade and Investment, Mrs Jumoke Oduwole, has described the regulation of the European Union (EU) on cocoa sustainability, which could impact Nigeria’s export, as both a “formidable challenge and a transformative opportunity” for the country.
On Monday, the federal government and stakeholders in the cocoa value chain met to assess the progress so far made towards complying with the EU Deforestation Regulation (EUDR) on sustainability.
She said the regulation was a call to action as it remained a “pivotal moment for Nigeria’s cocoa industry.”
The EU, which accounts for over 60 per cent of Nigerian cocoa exports, had set the December 31, 2020, deadline (later extended to December 2025) for Nigerian cocoa farmers to comply with the regulation which bordered on sustainable cocoa trade under the EUDR Compliance framework.
The deadline applies to the broader EUDR, which includes cocoa and other commodities, and was extended from an earlier date to allow for more preparation time.
Failure to comply could lead to rejection of Nigeria cocoa exports to Europe, among other punitive measures.
Mrs Oduwole said the roundtable was more than a high-level dialogue but a “platform to align national ambition with global standards, as well as a crucial step in ensuring the resilience, sustainability, and competitiveness of our cocoa value chain.”
The Minister pointed out that the the EU deforestation regulation was reshaping the way agricultural commodities are traded globally.
“But beyond that, Nigeria and this administration is at the forefront of climate change and climate justice, and what is important to is the use of our land for sustainability.
“So, without even an external project, this is something that is Nigeria first. As Mr President has put it, always Nigeria first in this issue. We’re thinking first and then joining the rest of the world to see how we’re using our resources for the betterment of everybody.
“So, for Nigeria, Africa’s fourth largest cocoa exporter, it’s both a formidable challenge and a transformative opportunity.
“With the EU accounting for over 60 per cent of our cocoa exports, compliance is not optional. It is an economic, environmental, and developmental imperative. And importantly, we have to support our domestic farmers and investors who are in this space,” she said.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking7 years agoSort Codes of GTBank Branches in Nigeria
-
Economy2 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking2 years agoFirst Bank Announces Planned Downtime
-
Sports2 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Technology5 years agoHow To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN