By all indications, the financial burden heaped on the broadcasting industry by the outbreak of the COVID-19 pandemic may result in the closure of a vast number of broadcast operators in Nigeria.
The chairperson of the Broadcasting Organization of Nigeria (BON), Hajiya Sa’a Ibrahim, during a media interactive session organized by NUJ Kano state council , said broadcast stations have recorded dwindling revenue generation which has further incapacitated the stations from exercising their financial responsibilities to their employees and regulators.
According to Sa’a, broadcast media organizations are indebted to their regulators, specifically Nigeria Broadcasting Commission (NBC) in huge sums, explaining that the monies were regulatory debts that the operators could not upset prior to the outbreak of the pandemic.
She explained that with the financial hardships caused by the pandemic, the operators are now further under severe austerity situation, adding that the organization has approached the federal government to salvage the situation.
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