Nigeria Grants Tax Reliefs To TSTV Africa
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 thin...