Federal Government Grants Three Years Of Tax Relief To TStv Africa

TStv Africa, The Federal Government has granted a three year tax relief to the newly inaugurated Pay Television operator in the country, TStv Africa, as well as tax free dividends to all investors in the company. The Minister of Information and Culture, Alhaji Lai Mohammed, announced incentives on Sunday night in Abuja at a dinner to mark the official unveiling of the new company.

TStv Africa is wholly owned by Nigerian Pay TV operator with refined offerings of novel Unclassified Pay Per View subscription and complimentary internet services. Mohammed who performed the official unveiling of the new company and its products said the tax reliefs were in line with the Pioneer Status recently granted
to the Creative Industry by the Government.

The Minister congratulated the Chief Executive Officer of the company, Dr. Bright Echefu and his team for liberalising and breaking the monopoly of Pay TV in the country. He said the company had also demonstrated that government alone could not do all things but needed the participation and synergy of the private sector. “I want to assure that this administration will continue to assist you and other investors in creating the enabling environment for businesses to grow,” he said.

Photo Credit: Getty

Leave a Reply