Significance of The NICC
On the face of it, the NICC was a total failure as it did not achieve its aims of agreement between the two sides or of introducing 'rolling devolution' (gradual introduction of devolution as and when the parties involved saw fit to accept it). Nevertheless, coming as it did not long after the Conservative-sponsored Sunningdale Agreement, the NICC indicated that no British government would be prepared to re-introduce majority rule in Northern Ireland. During the debates William Craig accepted the possibility of power-sharing with the SDLP, a move that split the UUUC and precipitated the eventual collapse of Vanguard.
The idea of electing a consultative body to thrash out a deal for devolution was also retained and in 1996 it was revived when the Northern Ireland Forum was elected on largely the same lines and with the same overall purpose. The Forum formed part of a process that lead to the Belfast Agreement and the Northern Ireland Assembly.
Read more about this topic: Northern Ireland Constitutional Convention
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