General
FG Approves Bailout For Broadcast Stations
The Buhari-led Federal Government has announced a 60% debt cancellation and a further 40% discount on licensing fees for all broadcast stations operating in the country effective from July 10, 2020.
The measures are part of moves to inject financial stability in the broadcast industry in the wake of the impact of the Covid-19 pandemic.
All functional broadcast stations are entitled to the debt cancellation as long as they pay the outstanding 40% of their license fees within the next 3 months. Minister of Information and Culture, Lai Mohammed who made the announcement says
Money owned Federal Government by broadcast stations amounts to the tune of N7.8 billion.
The bailout however will not cover Pay TV Platforms.
![](https://allnaijaentertainment.com/wp-content/uploads/2022/07/ANELogo.png)
-
Technology2 years ago
VoIP Number: Everything You Need To Know
-
Music5 years ago
[Music] Gnash Ft Olivia O’Brien – I Hate you, I Love you
-
Music2 years ago
[INSTRUMENTAL] John Legend – All Of Me
-
Music2 years ago
Alan Walker – Faded [INSTRUMENTAL]
-
Music2 years ago
[Video] 21 Savage ft. Offset & Metro Boomin – Rap Saved Me
-
Music2 years ago
[Instrumental] Wiz Khalifa – See You Again ft. Charlie Puth
-
ANE Stories6 years ago
[STORY] AMAKA THE LESBIAN (Complete Episodes)
-
Music2 years ago
[Music] Akon – Sorry Blame It On Me