Broadcasting Organization of Nigeria, BON ZONE C
PRESS RELEASE
The economic downturn and low revenue generation occasioned by the total lockdown as a result of COVID 19 pandemic ravaging the world has created a financial cul-de-sac for broadcast stations in the southwest which may necessitate a shutdown of operations if urgent actions are not taken. As a result of the lockdown, the stream of income of broadcast stations have been stifled with most companies who are also experiencing a dire strait, halting the flow of commercials, the blood that runs the stations.
It is instructive to note that the broadcast media in the south west as a creative industry contributes substantially to the nations GDP and the sector is a huge employer of labour, especially youths across genres of professions. At this auspicious period when the nation is battling the COVID 19 pandemic, the strategic importance of the broadcast industry cannot be overemphasized as the potent agent of advocacy across the nooks and crannies of the nation. A shutdown of broadcast media in the SW will spell doom to the advocacy efforts of government and unleash a large number of youths on the unemployment market. The consequences of such a shutdown of radio and television houses are better imagined than experienced.
Broadcasting Organization of Nigeria, BON Zone C however calls on Governors and governments of the South West, the leadership of Nigeria Centre for Disease Control, NCDC, members of the Presidential Taskforce Force on COVID 19 and the Central Bank Nigeria to put issues of how to sustain the broadcast industry in the front burner and factor the broadcast industry into the stimulus packages being contemplated.
Signed
Festus Kehinde
Chairman, BON Zone C
