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FG Offers Radio, TV Stations Forgiveness on N7.8bn Debt

Published

4 years ago

July 6, 2020

As part of palliative measures against Pandemic COVID-19, the Federal Government has offered 60 percent debt forgiveness to defaulting radio and TV stations.

The affected stations are indebted to the Federal Government to the tune of N7.8billion.All the stations have a three-month timeline to enjoy the debt reprieve.

The Minister of Information and Culture, Alh. Lai Mohammed made the announcement at a briefing in Abuja in the company of the Director-General of the National Broadcasting Commission, Prof. Armstrong Idachaba.

Mohammed said: “According to the National Commission (NBC), many
Nigerian radio and television stations remain indebted to the Federal Government to the tune of N7.8billion Naira in total.

“Also, many of the stations are faced with the reality that their licenses will not be renewed, in view of their indebtedness.

“Against this background, the management of the NBC has therefore recommended, and the Federal Government has accepted, the following measures to revamp the Broadcast Industry and to help reposition it
for the challenges of business, post-COVID-19:-

“60 percent debt forgiveness for all debtor broadcast stations in the country.

“The criterion for enjoying the debt forgiveness is for debtor stations to pay 40 percent of their existing debt within the next three months

Any station that is unable to pay the balance of 40 percent indebtedness within the 3 months window shall forfeit the opportunity to enjoy the stated debt forgiveness.”

On palliatives for the print media, the Minister said “we are already discussing with the Newspapers Proprietors Association of Nigeria (NPAN)

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NSC DG Olopade Meets NSC Directors, Calls for Scientific Approach to Sports Federation Activities

Published

2 weeks ago

November 27, 2024

The Gleamer

Joel Ajayi
The Director General of the National Sports Commission (NSC), Hon. Bukola Olopade, has reiterated the new transformative vision of the Commission during his meeting with the Directors and Heads of Departments of the Commission.

The interactive sessions allowed senior officials to introduce themselves to the new DG, who emphasized the importance of strategic, standardized and scientific approach to the Commission’s operations, including the conduct of Sports Federation Elections.

In his remarks, Olopade stressed the need for reforms that would attract top administrators to vie for leadership roles within Nigeria’s Sports Federations.
“There is no way we can’t be looking at having top industry CEOs on board in our Sports Federations,” he stated.

The DG also highlighted the Commission’s mandate to elevate the Corporate image of various Sports in Nigeria.

He reemphasized the NSC’s commitment to reviving key initiatives such as the National Sports Industry Policy and the 10-Year Football Master Plan.

“The Chairman and myself strongly believe we need to have a different approach to our Federation Elections,” he noted.

“This is why the emphasis of the Renewed Hope agenda of President Bola Ahmed Tinubu is a balanced approach to both sports consumption and sports production.”

The meeting reflects the new direction of the NSC, with Olopade pledging to champion and support policies that will foster professionalism and sustainable development across Nigeria’s sports landscape.

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