The National Broadcasting Commission (NBC) has announced its intention to review the 2.5% gross revenue remittance imposed on broadcast stations in Nigeria. This decision comes as the commission seeks to address emerging economic challenges in the country.
According to the newly appointed Director General, Charles Ebuebu, the NBC management will conduct a comprehensive review of the NBC code to ensure it aligns with the current economic landscape. Ebuebu emphasized the commission’s commitment to the welfare and interests of all broadcast stations in Nigeria.
During a meeting with key stakeholders, Ebuebu expressed concerns about a recent court ruling that halted the NBC’s ability to impose sanctions and fines on broadcast stations. He described the ruling as an anomaly and stated that the commission is appealing the decision.
Despite this setback, the NBC remains steadfast in its mandate to regulate the broadcasting industry. Ebuebu outlined his administration’s core values, including the formulation of comprehensive policies that support the growth of broadcast stations and promote communication and dialogue.
In January, a Federal High Court ruling nullified the NBC’s power to impose fines on broadcast stations for alleged breaches of the Nigeria Broadcasting Code. The court declared that the NBC, as a regulatory body, cannot exercise judicial powers. The NBC has since appealed the judgment at the Court of Appeal.
By reviewing the 2.5% revenue remittance, the NBC aims to find a more sustainable solution that benefits both the commission and broadcast stations, ultimately supporting the growth of the broadcasting industry in Nigeria.
