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NBC eyes N328.9 million from fines in 2024 despite restraining court order 

The National Broadcasting Commission (NBC) plans to earn N328.9 million from fines and levies despite a court order restraining the commission from imposing fines on broadcast stations. 

This target is contained in the 2024 Government-Owned Entities’ (GOEs) budget proposal, which was seen by Nairametrics.  

The fines only make up about 3% of the commission’s target revenue for 2024, estimated to be N8.27 billion. The commission plans to generate N7.18 billion of its total revenue and get N1.09 billion from the government.  

Its biggest sources of revenue include licence fees (N4.93 billion) and licence percentage of income (N1.91 billion).  

 

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