GOVERNMENT GRANTS 60% DEBT FORGIVENESS TO DEBTOR BROADCAST LICENCEES.

The Federal Government of Nigeria has granted 60% debt forgiveness to licencees indebted to the NBC. This is in addition to the 2 months licence fee waiver granted earlier to the Industry as palliative to cushion the devastating effect of Covid-19 on the economy of Broadcast Media in Nigeria.<br />This was made known by the Hon. Minister of Information and Culture, Alhaji Lai Mohammed, on Tuesday, 6th July, 2020, at a press briefing held at the National Press Centre, Abuja.