In Nigeria, a new satellite pay television service has been launched, backed by the federal government to provide “Nigerians with value for money”.
The indigenous satellite television called “Silver Lake Television (SLTV)” is fronted by Metrodigital Limited. Its managing Director, Dr Ifeanyi Nwafor, said his firm was encouraged to invest in the venture because “the Nigerian government has shown strong commitment to taking down the monopoly that had impeded the growth of pay TV in Nigeria.
Dr Ifeanyi Nwafor added that subscribers can pay upwards of US$1.60 for its package of hosting 55+ broadcast stations.
In a statement during the launch, a high-level government official said: “Nigerians have been yearning for alternatives to Satellite PayTV that can serve as an alternative to the existing ones. SLTV has responded very loudly and clearly, and from the information made available to me, they are willing to give their fellow compatriots real value for their money regarding service quality and affordability.
“Nigeria is an opportunity that is impossible to replicate or find elsewhere. The Federal Government wishes to assure the management of SLTV of her full backing as they continue to do legitimate business in Nigeria’s broadcast industry.”
