The Nationwide Broadcasting Fee (NBS) plans to earn N328.9 million from fines and levies regardless of a courtroom order restraining the fee from imposing fines on broadcast stations.
This goal is contained within the 2024 Authorities-Owned Entities’ (GOEs) budget proposal, which was seen by Nairametrics.
The fines solely make up about 3% of the fee’s goal income for 2024, estimated to be N8.27 billion. The fee plans to generate N7.18 billion of its complete income and get N1.09 billion from the federal government.
Its largest sources of income embrace licence charges (N4.93 billion) and licence share of revenue (N1.91 billion).
Extra Insights
- The Media Rights Agenda (MRA) sued NBC after it fined Channels, TVC, AIT, and 42 others N500,000 every on March 1, 2019, for allegedly violating the Nigerian broadcasting code.
- MRA decided that the fee’s actions breached the precise to a good listening to underneath Part 36 of the 1999 Structure (as amended) and Article 7 of the African Constitution on Human and Peoples Rights (ratification and Enforcement) Act.
- On Could 10, Justice James Omotosho issued an order of perpetual injunction prohibiting NBC from imposing fines on broadcast stations.
- The choose additionally put aside the N500,000 fines levied by the fee on March 1, 2019, on every of the 45 broadcast stations accused of violating its guidelines.
- Following the supply of the judgment, NBC additional asked the courtroom to put aside the judgment, claiming that it was rendered per incuriam and with out jurisdiction.
- Nevertheless, in November 2023, a Federal Excessive Court docket in Abuja refused the Nationwide Broadcasting Fee’s movement for an injunction to put aside its judgement prohibiting the fee from imposing fines on broadcast stations within the nation.
- Regardless of the restraining order, the fee hopes to attain its third-highest income determine from fines this yr.
