The Nigerian Guild of Editors (NGE) has yet to secure a formal policy action or legal instrument on its request for corporate tax relief and VAT exemptions for the media industry, but President Bola Ahmed Tinubu has publicly "endorsed" and committed to "consider" the comprehensive proposals for fiscal incentives and other interventions, reports ITREALMS.
During the opening of the 21st All Nigerian Editors Conference (ANEC) in Abuja, NGE President Mr. Eze Anaba passionately pleaded for a 5–10 year tax holiday and VAT exemption on essential inputs to save the media’s struggling business model and ensure its constitutional watchdog function, noting that the inability to pay salaries due to soaring production costs, with newsprint alone rising to 1.3$ million to 1.4$ million per tonne, threatens the very existence of many newsrooms.
