Nigeria to manufacture TV sets as firm invests $1bn in set up boxes

As part of efforts geared towards meeting up with the new June 2017 deadline rescheduled by the Nigerian Broadcasting Commission (NBC) on migration from analogue to digital technology, one of the 13 licenced set up boxes manufacturers, Media Concepts International (MCI) has signed a partnership agreement with a South Korea firm, KAON with over $1billion investments.

 Addressing newsmen in Lagos ‎on Tuesday, the Chairman and CEO of MCI, Mr. Babatope Agbeyo said part of the technical agreement with KAON as a technical partner was to establish set up boxes assembly plant in Nigeria.

 According to him, the plant which will be ready for manufacturing before the end of 2016 will also create about 1000 jobs in the country and foster technology transfer between MCI and KAON.

 Agbeyo noted that the plant to be located at Abule Egba in Lagos when completed will also have capacity to manufacture mobile phones, tablets and television sets.

 He said the partnership signaled the beginning of development as the future of digital broadcasting rest on the availability of set up boxes.

Daily Trust

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