Business
FG Generates N34bn From DSO Spectrum Sale
The Federal Government
says it has generated N34 billion from sale of one-third of the spectrum for the transition from analogue to digital broadcasting.
The Vice Chairman of Cable Channel Nig. Ltd (CCNL), Mohammed Bawa, disclosed this on Thursday in Abuja at a workshop organised for stakeholders on Digital Switch Over (DSO)
The workshop was organised by the Ministry of Information and Culture to educate stakeholders on the UK experience on DSO.
Bawa, who is also a DSO content aggregator and owner of Free TV, said the funds realised and that being expected would be ploughed back to finance the switch over project.
He said the situation was different from the UK experience where broadcasters financed their DSO.
He said, in the UK, the broadcasters financed the project, but in Nigeria, we are trying to use the digital dividends to finance the project.
“At the moment, the one-third of the spectrum that had been sold, generated N34 billion and I believed that when the remaining two-third are sold, we will be able to generate more funds’.
He commended the Minister of Information and Culture, Alhaji Lai Mohammed for inviting the former Director of DSO in the UK, Alex Pumfrey to the workshop to share her experience with participants,“the workshop enlightened stakeholders in the digital process in Nigeria and gave us the background on how the UK transformed from analogue to digital.
“We are using the workshop to take stock and see how we are doing at the moment.
“We have noticed some difference from their platforms and the one we have in Nigeria.
“We were also briefed on the challenges they had which we will use as guide to forestall such challenges,’’ he said.
Bawa also observed that there was the need for stakeholders to engage in vigorous enlightenment campaign on DSO taking cue from the UK experience, “from what we were told, the UK placed about 200 advertisements weekly to create awareness.
“At the moment, we are a far cry from that and we need to let people know about the project. We must intensify advertisement for people to know what we are doing,’’ he said.
The Chairman of the Set-Top Box Manufacturers Association of Nigeria, Godfrey Ohuabunwa said that the workshop was to show stakeholders the pitfalls and gains in the process so far.
Ohuabunwa suggested that in addressimg the challenge of funding, Nigeria could take cue from UK where the British Broadcasting Corporation (BBC) funded the project through TV licence fee.
According to him, the local government areas can come together to fund the DSO, because at the end of the day, they will be the ones to collect TV licence fee through the set-top boxes.
“The BBC spent less than one billion Pound for the DSO and they got back about 10 billion pounds at the end of the day”, he added.
Ohuabunwa said that four of the licensed firms for local production of set-top boxes would soon take off after clearing their equipment from the port.
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
Business
Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
-
Niger Delta2 days agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Sports3 days agoSimba open Nwabali talks
-
News4 days agoDon Lauds RSG, NECA On Job Fair
-
Nation3 days agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Niger Delta3 days ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Niger Delta2 days ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Oil & Energy3 days agoNUPRC Unveils Three-pillar Transformative Vision, Pledges Efficiency, Partnership
-
Rivers3 days ago
Fubara Restates Continued Support For NYSC In Rivers
