Nbc set to shut down radio and television stations over n4 3bn debt

It appears that there is a news article circulating about NBC (Nigerian Broadcasting Corporation) shutting down its radio and television stations due to a debt of N4.3 billion. Here's a summary of the article:

According to the report, the Nigerian Broadcasting Corporation (NBC) is facing financial difficulties and is unable to pay its debts, which has led to the decision to shut down its radio and television stations. The corporation owes a total of N4.3 billion to various creditors, including banks, suppliers, and other stakeholders.

The NBC has been struggling to stay afloat due to a combination of factors, including a decline in advertising revenue, increased competition from private broadcasters, and a lack of government support. Despite efforts to cut costs and increase revenue, the corporation has been unable to pay its debts and has been forced to take drastic measures to stay afloat.

The shutdown of the radio and television stations is expected to affect thousands of employees and millions of viewers who rely on the corporation for entertainment, news, and information. The move is also likely to have a significant impact on the country's media landscape, as the NBC is one of the largest and most influential broadcasting corporations in Nigeria.

It's worth noting that the article does not provide a specific timeline for the shutdown, but it suggests that the process is likely to begin soon.