Rising energy cost affecting broadcasting business – BON

January 11, 2023

1 min readCategories: News

The Broadcasting Organisations of Nigeria has hinted that erratic electricity supply, the continued collapse of the national grid, and the high cost of procuring diesel and Premium Motor Spirit were responsible for the poor performance of broadcast stations in the country.

In a statement, BON said the dwindling advertising budget of advertisers and non-payment of outstanding debt have been militating against the optimal performance of the broadcasting sector.

Appraising the sector’s performance last year, the Executive Secretary of the BON, Dr Yemisi Bamgbose, stated that government should adequately fund their broadcasting stations.

He said, “Federal Government should deploy necessary funds to the National Broadcasting Commission to enable it to implement digitisation programmes that will benefit stakeholders and the public.

“It was a year that the national electricity grid collapsed many times, magnifying the epileptic public power supply problem while bills for the non-available power supply kept rising unabated.”

He expressed concern over the imposition of double taxation on broadcast stations, claiming worsened the industry’s problems.

He also worried over the saturation of the airwaves by private radio and television stations, calling for linkages and mergers to benefit from advert revenues.

He assured that broadcast managers would perform their constitutional responsibility without fear or favour.

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