StarTimes Invests $220m Into The Nigerian Economy, Pays $US25 Millon In Tax
The Chinese direct-to-home Pay-TV service, StarTimes said it had invested over $220 million in Nigeria, in the last eight years to enrich the country’s television viewing experience and also to boost entertainment.
A representative of the CEO of NTA-STAR TV, Mr Joshua Wang, said StarTimes began operation in 2010 in Nigeria through NTA-Star TV. He also adds that it has actively promoted a few leading Chinese programmes in local languages, like Hausa and Yoruba.
Wang, a director of the organisation, said this in Abuja at the celebration of Chinese Film Festival and cinema show of the “Operation Red Sea Movie”.
He said, that so far, NTA-STAR TV had invested $220m in Nigeria, developed around four million subscribers and also developed a network of nearly 3,000 distributors in the country. He further states that NTA-STAR TV is actively involved in corporate social responsibility and have paid a total amount of $25m in tax, recruited more than 1,300 local staff. 97 per cent of the staff recruited are Nigerians.
Charge d’affair of the Chinese Embassy to Nigeria, Mr Lin Jing, assured that the Chinese Government is committed to the agreements reached with Nigeria and other African countries to bring swift development to the continent.
Mr. Adedayo Thomas, the Executive Director of the Nigerian Film and Video Censors Board emphasised that China is Nigeria’s biggest trading partner and that there is still a need for more cooperation in the area of animation and film content production.