―uncompetitive market‖ means market or market segment in which there is no
competition in the provision of service or in which consumer choice of service
provider or service is either absent, limited, impeded, obstructed or constrained.
3. Purpose and object.
(1) The purpose of these Regulations is to provide a framework for the
determination of tariffs and tariff structures.
(2) Without prejudice to the generality of paragraph (1), these Regulations seek to–
(a) ensure licensees maintain financial integrity and attract capital;
(b) Protect interests of investors, consumers and other stakeholders;
(c) Provide market incentives for licensees to operate efficiently; and
(d) Promote fair competition.
4. Tariffs setting.
(1) A licensee shall set tariffs that are—
(a) just and reasonable;
(b) sufficiently clear and enable the end-user to determine the description of the
service, the details relating to the nature of service and charges payable for the
service; and
(c) non-discriminatory and shall guarantee equality of treatment.
(2) A licensee shall provide accurate billing information on tariffs to enable
customers to verify whether they are billed correctly.
(3) A licensee shall not apply tariffs that prevent market entry or distort
competition.
(4) A licensee who contravenes this regulation commits an offence.
5. Filing of tariff rates.
(1) A licensee shall, on a quarterly basis, file the schedules of their tariff rates,
including those of its agents and correspondents with the Commission.