The Federal Government of Nigeria has granted a 3-year tax relief to the newly inaugurated Pay TV 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 this 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 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 federal 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 investor 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.

Source: https://www.dailytrust.com.ng/nigeria-grants-tax-reliefs-to-tstv-africa.html

On behalf of my company am here to sympathize with the family of DSTV who died after a brief illness from shock due to the launching of a Nigerian brand TSTV

He died leaving his only surviving son Engr. Gotv

RIP to the dead!

this is good if its true because i take anything coming from Mr lair with a pinch of salt.

Amazing!

If true....

NigerDeltan:
On behalf of my company am here to sympathize with the family of DSTV who died after a brief illness from shock due to the launching of a Nigerian brand TSTV

He died leaving his only surviving son Engr. Gotv

RIP to the dead!

lolz 9ja

next area should be the power sector. deregulate that sector.

princekalani:
this is good if its true because i take anything coming from Mr lair with a pinch of salt.

its normal for any pioneer company

nwadiuko1:
its normal for any pioneer company

There is nothing normal about it. The present government started the initiative recently.

dustmalik:

There is nothing normal about it. The present government started the initiative recently.

well i don't know about the present government, but i know that according to CITA (company income tax act) pioneer companies qualify for tax holiday up to 3 years........and i think TSTV qualifies as a pioneer company