Friday, September 18, 2020


Home NEWS Federal Government Granted Broadcast Stations 60% Indebted

Federal Government Granted Broadcast Stations 60% Indebted

The Federal government has granted 60% debt forgiveness to indebted broadcast stations, as part of efforts to mitigate the negative impact of the COVID-19 on the broadcast industry.

The privilege only applies to the functional licensed Terrestrial broadcast stations and exempts pay service operators in Nigeria. And this development comes after an earlier two-month license fee waiver granted to terrestrial broadcast stations in Nigeria.

Lai Mohammed. Nigeria’s Information Minister had state that the indebted broadcast stations can only enjoy this privilege if they pay 40% of their existing debts within the next 3 months. And Failure to meet these criteria within the stipulated period will lead to a forfeiture of debt forgiveness.

The period of Grace is to take effect from the 10th of July to the 6th of October 2020.

Leave a Reply

Most Popular

KATSINA: At least Five People Killed By Bandits

On Tuesday at about 9pm, In  Kauyen Dan Makeri village, at least five people were killed by armed bandits of which according...

Regina Daniels Shares adorable Photos Of Her And Son Twinning

Popular Nollywood actress, Regina Daniels took to her instagram handle to share very adorable pictures of herself and son, Munir Ned Nwoko...

FG urges Nigerians To Obtain Self-Certification Forms In their Respective Financial Institutions

The office of Mr. president via its Twitter handle has urged Nigerians to obtain self-certification forms in their respective financial institutions.

Sterling Bank Launches An Initiative To Promote Work-Study Programme

Sterling Bank PLC has announced the launching of an initiative to promote a work-study programme for its esteemed customers.
%d bloggers like this: