The House of Representatives has on Thursday, adopted the pay-as-you-go model and a price reduction for DSTV and other cable TV operators in the country.
The lower chamber considered and approved the recommendations from the Ad–hoc Committee on Non–Implementation of Pay–As–You–Go.
Rep Unyime Idem, the chairman of the Committee had earlier laid the report before the House and was considered by the House on Wednesday in Abuja.
The House called on the Federal Government as a matter of urgency to expedite action on implementing the content of the National Broadcasting Code and the Nigeria information Policy of 2014.
The House noted that this would trigger healthy competition in the industry, adding that the entertainment industry had a wider spectrum with limitless opportunities for the teeming youths.
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According to the reports, price increase and reduction have always been contentious issues for producers and consumers in the business world.
The House also listed the factors responsible for the hike in subscription fees as the recent increment of VAT by 2.5 per cent by the Financial Amendment Act of Jan. 13 2020, the fluctuating foreign exchange rate in the country that affects the cost of content.
Other issues included broadcast equipment, experienced hire and technical infrastructure, increase in bouquets for a wider choice, inflation on the cost of production and need to maintain the workforce.
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