Following consultation with various stakeholders in the telecoms industry, the regulator, the Nigerian Communications Commission, has released a new set of interconnection rates determination for voice services.
Kicking off on April 1, 2013, the new determination rates, which significantly reviewed prices downwards, are informed by the depth of competition in the industry while taking into consideration the position of New Entrants and Small Operators.

Determination.
In a statement signed by the Commission’s Director of Public Affairs,Tony Ojobo, the NCC determines that the Termination Rates for voice services provided by new entrants and small operators in Nigeria, irrespective of the originating network, shall be N6.40k from 1st April, 2013; N5.20 from April 1, 2014; and N3.90 from April 1, 2015.
The Termination Rates for voice services provided by Other Operators in Nigeria, irrespective of the originating network, shall be N4.90 from April 1, 2013; N4.40 from April 1, 2014; and N3.90 from April 1, 2015.
The Determination, which takes effect from April 1, 2013, will remain valid and binding on licensees for the next three years except further reviewed by the Commission.

Note:
∙ New entrant is defined as newly licensed Operator entering an existing or new market within 0 to 3 years.
∙ Small Operator is defined, for the purpose of the Determination, as an existing Operator with a market share of 0 – 7.5 per cent in terms of subscriber base.
It will be recalled that the current interconnection rate regulation was implemented through the Commission’s Interconnection Rate Determination issued on December 21, 2009.
Since then, the Nigerian communications market has seen tremendous growth in both subscriber numbers as well as traffic volumes and available technologies (e.g. 3G).
The current rate, which is symmetric to all operators, is N8.2k.

SOURCE: http://sunnewsonline.com/new/business/ncc-approves-n6-40k-as-new-interconnection-rate-for-voice-services/

Good development.. we are moving forward jare

Number portability, reduced sms tariff and now reduced interconnection rate for voice. NCC i hail thee ooh!

But i think more should be done in monitoring Quality of service and delivery from these providers especially for Data cos some Telcos are definately going to compromise with cheaper, non reliable technologies (as being experienced already), to maximise profit.

this space is not for sale