The Minister of Information and Culture, Alhaji Lai
Mohammed, has said the new PayTV platform, TSTV, would enjoy a pioneer status
with a three-year tax relief, reports ITRealms.
The Minister made this disclosure in Abuja on Sunday night
at the unveiling of TSTV, and said that the TSTV Managing Director, Dr. Bright
Echefu, have come at a very good time because this government only recently
granted a pioneer status to the creative industry and what this means is that
you will be entitled to a three-year tax relief and all your investors will not
pay any tax dividends," he said.
The Special Assistant (SA) to Hon. Minister of Information
and Culture, Segun Adeyemi, quoted Alhaji Mohammed said the unveiling of TSTV
has totally redefined the payTv platform and, by extension, the TV industry,
through the provision of access to people in all segments of society to enjoy
high quality entertainment.
"What Dr. Echefu has done is to democratize the media
and entertainment industry and make it possible for all to have access to the
best entertainment in the world. Just like a Nigerian also made history by
crashing the cost of telephony in Nigeria, I am glad that another Nigerian is
now coming forward also to crash the price of PayTV," he said.
The Minister said the advent of Digital Switch Over in
broadcasting in Nigeria has created a paradigm shift in the television
industry, where compelling contents will now attract viewership.
He identified lack of objective audience measurement
mechanism as a key factor against investment in content production, but
disclosed that his ministry is planning a workshop to address the challenge.
Alhaji Mohammed said the Creative Industry played a critical
role, along with other non-oil sector players, in pulling Nigeria's economy out
of recession, and that the government plans to develop the industry to
contribute 5% to the GDP, as against its current contribution of 1.36 per cent by 2020.
He commended Dr. Echefu for his courage of conviction and
belief in Nigeria and pledged the readiness of the Federal Government to continue
to create the conducive environment for private sector investments to thrive.
Uboshe Uboshe/GEE
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