MCSN ANNOUNCES FG’S RELEASE OF ₦1.2BN COPYRIGHT LEVY FOR MUSIC INDUSTRY

The Musical Copyright Society Nigeria Ltd/Gte (MCSN), has announced the receipt of the first tranche of the Copyright Levy under Section 89 of the Copyright Act 2022 in the sum of One Billion, Two Hundred and Five Million Nine Hundred and Fifty-Six Thousand, Five Hundred and Eighty Naira, Twenty Kobo (N1,205,956,580.20) for musical works and sound recordings. In a statement released on Monday, MCSN thanked President Bola Ahmed Tinubu, GCFR, for his intention “to make the creative industry a very viable sector in the Nigerian economy”, through the release of…

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