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Nigeria Grants Tax Reliefs To TSTV Africa - TV/Movies - Nairaland

Nairaland Forum / Entertainment / TV/Movies / Nigeria Grants Tax Reliefs To TSTV Africa (31671 Views)

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Nigeria Grants Tax Reliefs To TSTV Africa by NENigeria(m): 1:18pm On Oct 02, 2017
New pay Television operator, TStv Africa, has been granted three-year tax relief by the federal government.

The newly inaugurated television was also granted 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.

The News Agency of Nigeria (NAN) reports TStv Africa is a 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 (CEO) of the company, Dr. Bright Echefu and his team for liberalising and breaking the monopoly of Pay TV in the country.

“The important thing about what Echefu has done today is that he has redefined the pay per view television industry and from today, that industry will never remain the same again.

“What he has done is to democratise the media and entertainment industry and make it possible for even a peasant farmer to have access to the best entertainment and news in the world.

“It is a great opportunity for me to be the one to unveil TStv because just like a Nigerian made history by crashing the cost of telephony in Nigeria, I am glad that another Nigerian is now coming forward to crash the cost of Pay TV,” he said.

The Minister commended the courage of the CEO for coming from the Diaspora to invest in his country and for believing in the government’s seriousness about diversifying the economy.

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.

Specifically, the Minister said that the Government was aware of the huge contributions of the creative industry to the nation’s economy and would continue to support the sector.

He identified contents and the lack of objective audience measurement as major challenges that had slow the growth of TV and advertising industries in the country.

“With the liberalisation of the industry. content has become very key because content determines which channels are being watched and which are not.

“Another major challenge is how to get an accurate measurement of which channel is being watched and which is not.

“Kenya and South Africa are about one third of our population but they do much better in TV and radio advertisement than us because of their robust audience measurement,” he said.

The Minister announced that the National Broadcasting Commission and his Ministry would organise a workshop on Nov. 28 to address the challenge of Audience Measurement.

Earlier, Echefu said that TStv Africa, which had gone through a lot of challenges, was born to liberalise PayTV in the country, make it affordable to every Nigerians with added values.

He said for the first time, Nigerians could now enjoy Pay Per View because with TStv, “subscription runs as you watch and It has the facility to pause your subscription when you travel”.

Echefu said that TStv for a start has 70 premium channels model with the cheapest pay-TV in Africa with maximum subscription fee of N3000.

He said as a fully Nigerian brand with consideration for the masses, TStv is not classified and it has a model that accommodate subscription as low as N200 as N500 for a period of time.

The CEO said TStv came with PVR (Personal Video Recorder) Decoder which allowed viewers greater control over their viewing experience with functions like pause, rewind, forward, save and record of programmes of interest.

Echefu said that once you subscribe to TStv, you will also get complimentary internet service, enabled Wi-Fi, as well as video calls and video conferencing services.

“It has an array of amazing TV channels with premium entertainment, educative programs that cut across all genres.

“The genres included, News, Music, General entertainment, documentary, movies, religious, sports, health, kids, fashion and lifestyle that better define the uniqueness of Nigeria’s diverse culture and traditional values,” he said.

The CEO said TStv which was modelled for Nigerians had come to stay assuring that it would not fail and they would deliver on their promises.

NAN reports that the guests at the ceremony were entertained with live performances by musicians, comedians

Among the dignitaries at the event were Gov. Akinwumi Ambode of Lagos represented by the Permanent Secretary Lagos Ministry of Information and Strategy, Mr Fola Adeyemi and the Permanent Secretary Ministry of Information and Culture, MS Grace Gekpe.

Others were the Director-General of National Orientation Agency, Dr Garba Abari, former Minister of Aviation, Femi Fani-Kayode, Nollywood actors including, Emeka Ike. Adigwe Okafor, Zack Amata, Dr Opa Williams and Afeez Oyetoro aka Saka. (NAN)

source http://youngnaija.com/nigeria-grants-reliefs-to-new-tstv/

24 Likes 9 Shares

Re: Nigeria Grants Tax Reliefs To TSTV Africa by Celcius: 1:18pm On Oct 02, 2017
Nice one.
Tstv should now give us fast relief from Multi-Choice monopoly and wanton disregard of Nigerian customers.
Abeg o...I'll still say it. Quality content rules Digital Media. Many have come and disappeared.

57 Likes 1 Share

Re: Nigeria Grants Tax Reliefs To TSTV Africa by NENigeria(m): 1:26pm On Oct 02, 2017
Celcius:
Nice one.
Tstv should now give us fast relief from Multi-Choice monopoly and wanton disregard of Nigerian customers.
Abeg o...I'll still say it. Quality content rules Digital Media. Many have come and disappeared.
That's all we pray and hope for. I'm quite firm that they'd not disappoint us but rather disappoint our enemies that want to take everything away from us

9 Likes 2 Shares

Re: Nigeria Grants Tax Reliefs To TSTV Africa by veekid(m): 4:30pm On Oct 02, 2017
DSTV is in trouble. They should start packing their loads already. TSTV is entitled to run tax free for 3 years! Good initiative by our govt

90 Likes 6 Shares

Re: Nigeria Grants Tax Reliefs To TSTV Africa by whitebeard(m): 4:31pm On Oct 02, 2017
Yay..so what's next

(Might as well add it to president buhari's administration achievement list)

Hypocrisy.!

6 Likes

Re: Nigeria Grants Tax Reliefs To TSTV Africa by NtoAkwaIbom(m): 4:31pm On Oct 02, 2017
Best news for d Day

3 Likes

Re: Nigeria Grants Tax Reliefs To TSTV Africa by adekanmbi1986(m): 4:32pm On Oct 02, 2017
Ok
Re: Nigeria Grants Tax Reliefs To TSTV Africa by nedu2000(m): 4:32pm On Oct 02, 2017
This is what we want to hear .Hope not as long as fashola's who is unwisely proposing 10yrs tax relief for dangote.Nigeria will need their tax money after a while

7 Likes 1 Share

Re: Nigeria Grants Tax Reliefs To TSTV Africa by Ochasky23(m): 4:32pm On Oct 02, 2017
I really hope they live up to expectations

1 Like 1 Share

Re: Nigeria Grants Tax Reliefs To TSTV Africa by ibrutex(m): 4:32pm On Oct 02, 2017
make this Dsthiefi sha face bush na ma own

2 Likes

Re: Nigeria Grants Tax Reliefs To TSTV Africa by Amein(m): 4:33pm On Oct 02, 2017
That is a good move from the government.
Excellent.

2 Likes

Re: Nigeria Grants Tax Reliefs To TSTV Africa by wickyyolo: 4:33pm On Oct 02, 2017
Will they give them free fuel to run their Generators ?

2 Likes

Re: Nigeria Grants Tax Reliefs To TSTV Africa by publicenemy(m): 4:33pm On Oct 02, 2017
that's what a good government do.
Re: Nigeria Grants Tax Reliefs To TSTV Africa by tivta(m): 4:34pm On Oct 02, 2017
but i posted this news first. corruption everywhere...


https://www.nairaland.com/4091893/tstv-gets-3-years-tax

24 Likes 2 Shares

Re: Nigeria Grants Tax Reliefs To TSTV Africa by SOLMICHAEL(m): 4:34pm On Oct 02, 2017
wickyyolo:
Will they give them free fuel to run their Generators ?
Yes!! And even a free nuclear power station.

89 Likes 3 Shares

Re: Nigeria Grants Tax Reliefs To TSTV Africa by biz9ja(m): 4:34pm On Oct 02, 2017
GOOD FOR THEM
Re: Nigeria Grants Tax Reliefs To TSTV Africa by SillyMods: 4:34pm On Oct 02, 2017
whitebeard:
Yay..so what's next

(Might as well add it to president buhari's administration achievement list)

Hypocrisy.!
Are you programmed to hate good news?

37 Likes

Re: Nigeria Grants Tax Reliefs To TSTV Africa by Chartey(m): 4:34pm On Oct 02, 2017
Nollywood producers will still prefer to give Africa Magic their new movies because DSTV pays them better.

DSTV has poured millions of dollars in into the Nigerian Professional Football League without any profit yet the govt did not give them any tax relief. I see this development making the NFF very uncomfortable.

TV stations like Soundcity and Hip TV will still prefer the DSTV platform because they pay them better. Besides DSTV is partly responsible for the acceptance of Nigerian music across Africa.

Many people are addicted to the shows Telemundo and Zee World which TSTV does not have. Not everybody watches sport. That was the same assumption that killed HiTv.

I don't see DSTV collapsing. They're in so many countries although Nigeria is their second most important market. They have over 200 channels with something for everybody.

People don't know that subscription is actually cheaper in Nigeria than for instance Ghana. Cable TV is a luxury everywhere in the world. Sky is expensive in the UK too.

This competition will be good for the Nigerian consumer and is welcome but people please let's not get our hopes too high. TSTV has to earn credibility and our support.

41 Likes 3 Shares

Re: Nigeria Grants Tax Reliefs To TSTV Africa by Nobody: 4:34pm On Oct 02, 2017
TSTV - DSTV. Why choose a similar name undecided

1 Like 1 Share

Re: Nigeria Grants Tax Reliefs To TSTV Africa by Nobody: 4:34pm On Oct 02, 2017
So where is their office in Lagos? Or is porting allowed?
Re: Nigeria Grants Tax Reliefs To TSTV Africa by dasean1(m): 4:34pm On Oct 02, 2017
okay
Re: Nigeria Grants Tax Reliefs To TSTV Africa by evansjeff(m): 4:34pm On Oct 02, 2017
whitebeard:
Yay..so what's next

(Might as well add it to president buhari's administration achievement list)

Hypocrisy.!
what is your problem? You better retrace your step before you die of self hate.
SMH

25 Likes 2 Shares

Re: Nigeria Grants Tax Reliefs To TSTV Africa by AMZYMAYO(m): 4:34pm On Oct 02, 2017
Good move by the FG
Re: Nigeria Grants Tax Reliefs To TSTV Africa by rozayx5(m): 4:34pm On Oct 02, 2017
nice one


fkk SA rogues


undecided undecided
Re: Nigeria Grants Tax Reliefs To TSTV Africa by Judolisco(m): 4:35pm On Oct 02, 2017
Kai dhis tstv news jst dey sweet my belle grin

4 Likes

Re: Nigeria Grants Tax Reliefs To TSTV Africa by Nobody: 4:35pm On Oct 02, 2017
Tstv the best thing that can happen to me this year.
Re: Nigeria Grants Tax Reliefs To TSTV Africa by Enemking: 4:35pm On Oct 02, 2017
Let the party begin cheesy

1 Like 1 Share

Re: Nigeria Grants Tax Reliefs To TSTV Africa by zeekeyboy: 4:36pm On Oct 02, 2017
H
Re: Nigeria Grants Tax Reliefs To TSTV Africa by gurunlocker: 4:36pm On Oct 02, 2017
I just hope and pray the two giant South African companies (dstv and mtn) won't frustrate this new PayTv in term of breaking their monopoly and data aspect.

1 Like

Re: Nigeria Grants Tax Reliefs To TSTV Africa by FILEBE(m): 4:37pm On Oct 02, 2017
Some Tstv representative should be here on Nairaland so he can listen to reasonable demands or problems of the people. I am strongly behind these Tstv guys! Nigeria first before any other thing i don't care what tribe u are from. As long as it is from Nigeria, u are good to go. Tstv! Make us proud! Spread your wings and fly!

16 Likes

Re: Nigeria Grants Tax Reliefs To TSTV Africa by yakbauer: 4:37pm On Oct 02, 2017
We saw HiTV come & go despite Frank Nweke Jr's efforts in seeing that they got EPL viewing rights, contents matter, if they're as good as they claim with that added Internet access, they should be able to give Dstv a run for their money
Re: Nigeria Grants Tax Reliefs To TSTV Africa by Edopesin(m): 4:37pm On Oct 02, 2017
cool

1 Like

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