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

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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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Eid-el-Fitr: Buhari Asks Christians, Muslims To Jointly Pray Against Kidnapping, Banditry

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President Muhammadu Buhari in his Eid-el-Fitr message to Nigerians asked both Christians and Muslims to unite and jointly pray against tragic incidents of kidnapping and banditry.

He also called for practices that promote brotherhood and forgiveness noting that unity and solidarity among all citizens is imperative especially at this time when Nigeria is faced with multiple challenges.

This was disclosed in a statement signed on Wednesday by the President’s Senior Special Assistant on Media and Publicity, Garba Shehu.

“On this blessed occasion, I wish that the Eid festival brings with it peace, safety, security, brotherhood, and love amongst all.

 “Unity and solidarity among all citizens, Muslims, and Christians are imperative especially at a time when our country is faced with multiple challenges which are surmountable only when we come together as one.

“It is important that we remember how we share, through our faiths, common bonds that should serve to unite us and not allow ourselves to succumb to those who seek to divide us, using our two great religions, for their own selfish advantages.

“We should jointly pray against the tragic incidents of kidnapping and banditry and the desperate quest for political power expressed through blackmail against the existence of our country as a united entity.

“We must resist the temptation to retreat into our communities. I urge our political and religious leaders as well as traditional rulers to encourage our citizens to turn towards one another in love and compassion,” the statement read in part.

President Buhari said further that it is noteworthy and delightful to see “Christians breaking fast and in some instances, extending goodwill and gifts to Muslim faithful during the Ramadan.”

He added that “This model also shone through with Muslim groups joining Christian festivities. These are practices that promote brotherhood and forgiveness.”

The President, therefore, urged Nigerians to continue to observe all COVID-19 prevention measures and celebrate responsibly during the holidays.

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