COVID-19: FG Writes Off N4.2bn Debt For Radio, TV Stations

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The Federal Government has written off 60% of the n7bn owed by radio and television stations in licensing and renewal fees.    

The government has also slashed the existing license fee by 30% for all open terrestrial radio and television services with effect from July 10.

The minister of information and culture, Lai Mohammed said however said for any debtor station to benefit from the 60% debt relief, it must be ready to pay the 40% balance within the next three months.

He said the debt relief offer would open on July 10 and close on October 6, 2020.

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