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The Federal Government of Nigeria has unveiled a new satellite pay television, Silver Lake Television (SLTV), in Abuja, promising Nigerians value for money. The launch event, held at the Shehu Yar’Adua Centre, was attended by government officials and stakeholders in the broadcasting industry.
George Akume, the Secretary to the Government of the Federation, represented by Prof. Babatunde Bernard, praised the establishment of SLTV, describing it as a patriotic step towards providing Nigerians with alternatives to existing satellite pay-TV services. He assured SLTV of the government’s full backing as they venture into Nigeria’s broadcast industry.
Dr. Ifeanyi Nwafor, the Managing Director of Metrodigital Limited, the operator of SLTV, expressed regret over the hindrances to pay TV growth in Nigeria due to monopolistic practices and outdated policies. However, he expressed optimism that SLTV would provide quality service at an affordable price, offering packages starting from N2,500 and hosting over 55 stations.
Addressing journalists at the ceremony, Dr. Charles Ebuebu, the Director General and Chief Executive Officer of the National Broadcasting Commission (NBC), disclosed that the commission would consider calls for the introduction of pay-per-view options for Nigerian pay satellite television subscribers. He acknowledged the need to renegotiate existing contracts with content providers to accommodate this model.
Ebuebu also assured Nigerians that NBC would address concerns about the overpricing of content, stating that the commission is reviewing its policies and regulations to create a competitive broadcasting ecosystem where consumers have choices and market forces determine prices, ensuring fair pricing and quality service delivery.
