COVID-19: FG gives reprieve to TV, radio stations over N7.8bn debt


…Forfeits 60% of the outstanding, says talks on with NPAN for bailout

Reprieve came the way of radio and television owners in Nigeria as the federal government Monday announced a 60 per cent slash in the outstanding N7.8billion debt owed by the broadcast media organisations.  

 They are expected to honour this obligation within three months after which government would take further step.

Minister of Information and Culture Lai Mohammed announced this at a media parley in Abuja, with Director-General National Broadcasting Commission Prof. Armstrong Idachaba also in attendance.

Details later….

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