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IBAN begs for extension to pay 40% debt of Broadcast Stations

By Oluwaseun Sonde

The Independent Broadcaster Association of Nigeria (IBAN) has appealed to the National Broadcasting Commission to reconsider the caveat giving indebted stations a 3 month window to pay the balance 40% indebtedness as the association respectfully ask that the dead line be extended to 12 months because of the distress experienced by most of the members predate the pandemic.

In a statement signed by the Secretary of the association, Guy Murray Bruce on Monday, as the association wished to express its appreciation to the National Broadcasting Commission for its proactive initiative to ameliorate the harsh effects of the COVID-19 Pandemic on the broadcast Industry.

“The 60% debt forgiveness on the part of the government is timely and welcome, Indeed it is an indication that the authorities are sensitive and responsive to the issues confronting us as independent broadcasters. There is no gain saying that the broadcast industry has been hard hit by the lockdown and our incomes have taken a direct hit from the lull in economic activities. In spite of which we have collaborated rather robustly with the federal and state governments to enlighten the population about the scourge that the COVID-19 pandemic represents”.

The association thanked the Honourable Minister of Information, Alhaji Lai Mohammed under whose auspices the National Broadcasting Commission has acted.”We however wish to appeal to the commission to reconsider the caveat giving indebted stations a 3 month window to pay the balance 40% indebtedness.

“We respectfully ask that the dead line be extended to 12 months as the distress experienced by most of our members predate the pandemic. The pandemic was more or less the nail on the coffin of some stations, however this life line may just be the elixir needed to revive the fortunes of many distressed stations”.

The association assured Nigerians that its members will continue to cooperate with all institutions of government in the fight against the Coronavirus as pledged to further enlighten the populace about how to stay safe and beat this pandemic. “Once again, IBAN wishes to thank the honourable Minister of Information, the board and Management of the National Broadcasting Commission and indeed Mr President for this most Magnanimous gesture”.

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