Home Headliner HEADLINER FG OFFERS RADIO, TV STATIONS FORGIVENESS ON N7.8BN DEBT

FG OFFERS RADIO, TV STATIONS FORGIVENESS ON N7.8BN DEBT

FG OFFERS RADIO, TV STATIONS FORGIVENESS ON N7.8BN DEBTFG OFFERS RADIO, TV STATIONS FORGIVENESS ON N7.8BN DEBT

As part of palliative measures against coronavirus, the Federal Government has offered 60 per cent 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.