News
New Interconnect Rates to Crash Tariff
A new interconnect rate to be in place latest by January 2010 will result in substantial lowering of call charges for the over 67 million telephone subscribers in the country, Nigeria CommunicationsWeek has learnt.
A report of the review of the present interconnect regime by Detecon International and PriceWaterHouseCoopers submitted to the Nigerian Communications Commission (NCC) will form the pillars of the new rate.
Interconnect rates are the rates which service providers pay to each other for terminating calls on their fixed or mobile networks.
Nigeria CommunicationsWeek gathered that the present interconnect regime has been in force since 2006 and therefore required a review in view of the exigencies and new developments in the industry.
While consumers say the present regime is unfriendly, CDMA operators insist the interconnect rate was very high and unbalanced in favour of the GSM operators compared to many other countries of the world.
Interconnection is a key to a competitive market.
In putting in place a new interconnect regime, the NCC will be invoking the powers granted to it by Section 97 (2) (c) of the Nigerian Communications Act, 2003, to intervene in interconnection matters if it considers it in the public interest to do so.
Nigeria CommunicationsWeek gathered that interconnection rates are part of a complex pattern of investment incentives. Indeed governments may prefer to keep them higher in order to encourage investment, while incumbent operators may prefer to keep them lower in order to protect long term revenues.
News
EFCC Witness Admits Writing Off Arik Air’s $2.3M Debt Amid N76Bn Fraud Trial


News
Anambra Shines in 2025 E-Governance Rankings, Setting National Standards

Anambra State has once again demonstrated its leadership in digital transformation, emerging as one of Nigeria’s top three states in the 2025 e-Governance Report published by the Panorama CIAPS Governance Performance Index (CGPI).
According to the report — a collaborative effort between Nigerian Panorama and the Commonwealth Institute of Advanced Professional Studies (CIAPS) — Anambra ranks alongside Lagos and Enugu as the leading states in adopting and implementing e-governance practices that foster accountability, transparency, and improved service delivery.
In his remarks, Professor Anthony Kila, Director of CIAPS, emphasized the importance of e-governance in shaping how governments interact with citizens. “The centrality of e-governance allows us to assess the performance of state governments in the country. How the government treats the digital world says a lot about them,” he said.
The report evaluated states based on a comprehensive set of criteria, including website security, up-to-date content, public engagement, availability of online services, policy updates, and user accessibility. Anambra’s performance reflects the state’s deliberate investment in digital infrastructure and its commitment to leveraging technology as a tool for inclusive governance.
Reacting to the recognition, the Managing Director/CEO of the Anambra State ICT Agency, Chukwuemeka Fred Agbata, CFA, described the report as a welcome validation of the efforts being made under the leadership of Prof. Charles Chukwuma Soludo, CFR, to reposition Anambra as a liveable and prosperous smart mega-city.
“This is not just about being tech-savvy,” Agbata said. “It’s about using digital tools to create real impact — making the government more accessible, responsive, and transparent. Anambra is building a digital future that works for everyone.”
The CGPI Report recommended that all states intensify efforts to train public servants, maintain digital platforms effectively, and build user-friendly systems that keep citizens informed and empowered. For Anambra, this recognition serves both as a milestone and a motivation to scale new heights.
As the journey continues, Anambra remains focused on setting the pace for e-governance in Nigeria in line with the Governor’s mantra of Everything Technology & Technology Everywhere.
News
SERAP Urges National Assembly to Reject Tinubu’s $24Bn Loan Request Over Debt Concerns

Socio-Economic Rights and Accountability Project (SERAP) has urged the National Assembly to reject the Tinubu administration’s request to borrow $24 billion, warning that the move would significantly deepen Nigeria’s debt crisis.
In a statement posted on its official X account, the advocacy group warned that the proposed borrowing would raise Nigeria’s total debt stock to an estimated ₦183 trillion—an amount it described as “clearly not sustainable and not in the public interest.”
“The National Assembly must immediately refuse to approve the Tinubu administration’s request to borrow $24 billion,” the group said. “The growing national debt is not sustainable and not in the public interest.”
SERAP expressed concern over the heavy burden of debt servicing, which it said is already consuming a substantial portion of government revenue, leaving little room for critical public investment.
Nigeria’s total public debt is projected to surpass ₦180 trillion following the president’s latest loan request. The borrowing plan includes a proposal for over $21.5 billion in external loans, which equates to ₦33.39 trillion at the official exchange rate of ₦1,590 per dollar. The administration is also seeking approval for a domestic bond issuance worth ₦757.9 billion to settle outstanding pension liabilities.
President Tinubu said the 2025–2026 borrowing plan targets key sectors such as infrastructure, healthcare, education, water supply, security, and employment generation. He noted that the plan is also intended to cushion the economic impact of fuel subsidy removal.
The total loan request comprises $21.5 billion, €2.19 billion, and 15 billion Japanese Yen, alongside a €65 million grant. Tinubu assured lawmakers that the funds would be directed toward development projects across all 36 states and the Federal Capital Territory, with emphasis on rail networks, healthcare infrastructure, and poverty alleviation programs.
On pension-related borrowing, the president explained that the proposed bond issuance is aimed at clearing backlogs under the Contributory Pension Scheme. The measure, he added, has already received approval from the Federal Executive Council and is expected to improve retirees’ welfare, restore trust in the pension system, and inject liquidity into the economy.
Nigeria’s public debt has surged in recent years, rising by 48.6% in 2024 to ₦144.66 trillion—up from ₦97.34 trillion in 2023. The Federal Government accounts for 95% of that total.
- E-Financial2 days ago
EFCC Recovers over N20Bn Stolen by Hackers from 6 Banks in Nigeria
- Telecom2 days ago
Engr. Ikechukwu Nnamani Receives Two Prestigious @ABoICT Awards
- Telecom2 days ago
FG to Deploy 80 Percent of 7000 Telecom Towers to North
- E-Financial2 days ago
UBA Launches *919# Advance Top-Up Feature for Instant Access to Customers
- E-Financial2 days ago
Ponzi Scheme Operators Risk N10m Penalty, Others- IST Chair
- News2 days ago
EFCC Recovers Funds, Arrests Suspects in N1.3 Trillion CBEX Crypto Fraud
- E-Financial2 days ago
Court to Deliver Judgment in NIBSS’ Suit against CBN, Others over BVN Database Management
- General News2 days ago
Google I/O 2025 Showcases Temu’s Innovations in Digital Shopping with Web UI Primitives