Abuja – President Bola Tinubu has thrown his weight behind a series of fiscal relief measures proposed by the Nigeria Guild of Editors (NGE) to stabilize the country’s struggling media sector.
The endorsement came during the 21st All Nigeria Editors Conference in Abuja. Responding to an appeal from NGE President Eze Anaba, President Tinubu explicitly approved requests for corporate tax relief, Value Added Tax (VAT) exemption, and access to affordable financing for media houses.
“I, as your President, endorse your proposal,” Tinubu stated, assuring the editors that their requests were “in my pocket.”
The move follows an alarm raised by the NGE over the severe financial distress facing the industry. Anaba highlighted that soaring costs, including newsprint priced at over N1.3 million per ton, have pushed many media outlets to the brink of collapse, threatening their ability to pay salaries and hold power accountable.
While endorsing the media tax relief, President Tinubu also charged the editors to exercise their gate-keeping role with patriotism and fairness, warning against irresponsible reporting that could undermine national unity.
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Disclaimer: This CDA News report is based on proceedings from the Nigeria Guild of Editors Conference and official statements. The implementation timeline and specific details of the approved tax relief are yet to be formally announced by the relevant government agencies.
