JUST IN: @NigeriaGov has approved a Debt Forgiveness scheme (license fees) for all functioning, licensed Terrestrial Radio and Television stations in Nigeria, effective July 10: 60% debt forgiveness on outstanding debt, on condition that balance of 40% be paid within 3 months.
This is in addition to 2-month licence-fee waiver granted to all terrestrial broadcast stations in May 2020
Also, going fwd, 30% discount on license fees for all Open Terrestrial Radio & TV services, eff July 10, 2020
All part of @NigeriaGov’s Covid19 support for the industry.
Also, going fwd, 30% discount on license fees for all Open Terrestrial Radio & TV services, eff July 10, 2020
All part of @NigeriaGov’s Covid19 support for the industry.
According to the Minister of Information and Culture, who announced this today: “The debt forgiveness and discount shall not apply to pay TV service operators in Nigeria.”
The context to the Debt Forgiveness is this: According to @nbcgovng, radio & TV stations in Nigeria currently owe @NigeriaGov 7.8 billion Naira in unpaid license fees. Predating the pandemic, by the way: google.com/amp/s/m.guardi…
So, a 60% forgiveness on this debt is a big deal.
So, a 60% forgiveness on this debt is a big deal.
