Nigeria: Commercialization of Govt Owned Media Begins

Investment

The federal government has begun the process of privatising its media outfits across the country with the appointment of consultants to evaluate the companies and make recommendations to it. The media outfits include: News Agency of Nigeria (NAN) Nigeria Television Authority (NTA); Federal Radio Corporation of Nigeria (FRCN) and the Nigerian Film Corporation (NFC). Bureau of Public Enterprises (BPE) over the weekend, paid a visit to NAN to see the facilities on ground and have a chat with management and staff of the news agency.

When commercialised, the media outfits would now fix their rates; prices and charges for services rendered on commercial basis; capitalise assets; borrow money and issue debenture stocks where necessary and sue and be sued in their corporate names as the need may arise. Acting Managing Director of NAN, Joe Eje Okhiku, observed that special consideration should be taken in the process of commercialising NAN since it was started as a social service provider unlike other government owned media.

The Daily Trust