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FG Approves 67 New Radio, TV Stations, To Establish Broadcast Institute

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The Federal Government has approved 67 new broadcast licences for radio and television stations across the country, the Director-General of the National Broadcasting Commission, Mallam Balarabe Ilelah, announced Thursday.

He also called on broadcasters to continue to abide by the NBC Act, the Nigeria Broadcasting Code, the Electoral Act, and any extant law that guides media operations to ensure that the general election is free, fair and credible.

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These new licences are coming less than three months to the end of the current regime, which according to industry critics, are parting gifts from President Muhammadu Buhari.

READ ALSO: Full List: NBC Shuts 52 Broadcast Stations

He called on the licensees that had yet to pay their outstanding debts to come forward and settle them.

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Ilelah said the approval of the 67 broadcast licences would bring to a total of 473 licences granted by the Buhari regime.

Ilelah stated these during a media parley where he presented his scorecard in the past two years in office.

He said, ‘‘I have committed so much to repositioning the commission and making it an optimally productive regulator. The intrinsic democratic values in President Muhammadu Buhari have made him to be the President in the history of Nigeria that has granted approval for a hundred broadcast licences.’’

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READ ALSO: Broadcast Code: NBC Slams Arise TV, TVC N2m

Ilelah, however, said the number was expected to grow with the anticipatory approval of additional licences by the President soon.

The NBC DG also revealed that 302 broadcast stations breached its code in the last two years.

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He said the President had approved the independence of the NBC from any political interference in the exercise of its regulatory functions, particularly with respect to issuance and withdrawal of broadcasting licences.

Ilelah called on broadcasters to continue to cooperate with the Commission in abiding by the provisions guiding broadcast operations in Nigeria.

The DG also stated that the President gave approval for the commission to acquire state-of-the-art nationwide broadcast monitoring equipment.

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As part of the commission’s drive to further professionalise the broadcasting industry, Ilelah said the NBC was motivated to establish the Nigeria Broadcast Institute for the training of the players.

‘‘You may recall that in the last parley with you, I inundated you with the intention to establish an Institute. I am glad to inform you that a befitting building has been secured to start the Institute soonest. Each broadcaster is expected to pass through the Institute, particularly new entrants, starting with the 67 new licensees approved by the President’’, he said.

On the status of the Digital Switch Over, the NBC boss said the commission was working on simultaneous delivery of Nigeria to the life-changing experience of digital broadcasting using SIMULCRYPT.

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Elon Musk Puts Twitter’s Value At $20bn

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Elon Musk has put the current value of Twitter at $20 billion, less than half the $44 billion he paid for the social media platform just five months ago, according to an internal email seen by American news media.

The email to employees referred to a new stock compensation program in the San Francisco-based company and the allocation of shares to employees of X Holdings, Twitter’s umbrella company since Musk purchased it in late October.

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The compensation plan values the platform at $20 billion, slightly more than Snapchat’s parent company Snap ($18.2 billion) or Pinterest ($18.7 billion), both of which are publicly traded, unlike Twitter.

Musk, who is also the chief executive of Tesla Inc. and aerospace group SpaceX, said that Twitter would allow its employees to cash in shares every six months.

READ ALSO: Elon Musk Reinstates Suspended Twitter Accounts Of Journalists

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A query from AFP emailed to Twitter’s communications department generated an automatic response in the form of a poop emoji.

In the internal email, Musk describes the brutal contraction in Twitter’s value. He says the platform faced such grave financial difficulties that at one point it was on the verge of bankruptcy.

“Twitter was trending to lose ~$3B/year,” Musk said in a message posted Saturday on the platform.

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He cited a revenue drop of $1.5 billion a year and a debt-servicing burden of the same amount — leaving it with “only 4 months of money.”

Musk, Twitter’s majority shareholder, added simply: “Extremely dire situation.”

But he then said that “It looks like we will break even” in the second quarter of the year, with advertisers — many of whom fled the platform after the mercurial billionaire bought it — now beginning to return.

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READ ALSO: FG Speaks On Banning Twitter Again After Elon Musk’s Takeover

Since taking control, Musk has sharply cut the group’s payroll from 7,500 employees to fewer than 2,000.

He said in the email that he sees a “clear but difficult path” to a valuation of $250 billion, without specifying how long that might take.

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However, in another setback for the company, fragments of Twitter’s source code were published on the development platform GitHub, the latter told AFP on Sunday, confirming a report by the New York Times.

GitHub removed the files from its site at Twitter’s request, but their brief exposure could allow hackers to identify flaws in Twitter’s original software.

AFP

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Obasanjo’s Father Not Fully Yoruba, Might Be Igbo Man – Fani-Kayode

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Former Aviation Minister, Femi Fani-Kayode has expressed the belief that ex-President Olusegun Obasanjo’s father might not be a Yoruba man.

Fani-Kayode said Obasanjo’s ‘silence’ over a recent comment by Igbo businessman Emmanuel Iwuanyanwu that Yoruba people are “political rascals,” was an indication that the former president’s father was an Igbo man, not Yoruba.

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Iwuanyanwu said Igbo people had invested so much in Nigeria and were not going to yield to the pressure of people asking them to leave.

Speaking in Awka, Anambra State, on Saturday, Iwuanyanwu berated Yoruba people.

However, Fani-Kayode said he was disappointed that Obasanjo was silent over Iwuanyanwu’s anti-Yoruba comments.

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Taking to his Twitter handle, Fani-Kayode wrote: “The fact that our revered leader and one of the fathers of our nation, former President Olusegun Obasanjo, can sit there and say nothing when Emmanuel Iwanyanwu, who I have always respected, describes the entire Yoruba race as “rascals” that the Igbo “will DEAL with” tells me that the rumour that he is NOT a fully-fledged Yoruba man and that his father was an Igbo may well be true.

READ ALSO: Coup Comment: ‘I Was Asked To Report To DSS Everyday, Interrogation Challenging,’ Fan-Kayode Laments

“Whatever the case, this is not the OBJ I once knew, loved, defended and worked so hard for. Something has gone wrong. No one could have made a statement against ANY tribe in the presence of the old OBJ that we all knew and respected and got away with it.”

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Following the outcome of the presidential election, there was a face-off between Yorubas and Igbos in Lagos.

The fallout was due to the victory of the Labour Party, LP, presidential candidate, Peter Obi, in Lagos State.

Against the backdrop of Obi’s victory, Igbos were warned against voting during the governorship election in Lagos.

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Report Banks Not Dispensing Cash To State NLC’s Office — LABOUR

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The Nigeria Labour Congress, NLC, has directed workers to report banks not dispensing cash to its state councils, ahead of planned strike over the scarcity of naira notes across the country.

This is even as leaders of NLC have scheduled a meeting of National Executive Council, NEC, meeting tomorrow to take a final decision on Wednesday’s planned nationwide strike.

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It gathered NLC gave the directive weekend after its NEC meeting on Friday where affiliate unions and state councils of NLC were directed to monitor the cash situation and how banks were dispensing naira notes to workers.

Speaking in an interview with Vanguard yesterday, President of NLC, Joe Ajaero, said: “Our affiliate unions and state councils were directed to monitor the situation. Workers have been directed to report banks not dispensing cash to NLC state offices.

”Our state councils and affiliates unions are to report back to us the prevailing situations in their states by Tuesday when we will hold another NEC meeting. The report we get from them will determine our next line of action.

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READ ALSO: NLC Gives FG 7-day-ultimatum Over Naira Scarcity

”In fact, the seven days ultimatum we gave will expire on Tuesday (March 28). The report will determine our final decision. As we speak, I am out on the streets of Abuja monitoring the situation.

”I am aware also that officials of the Central Bank of Nigeria, CBN, were in Lagos on Saturday and Sunday to monitor the situation.”

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It was gathered that part of the decision was that “the nationwide strike will be a sit-at-home and picketing of the headquarters of the CBN and all its offices nationwide on Wednesday, March 29, 2023. If the strike commences, it would continue until cash becomes available to all Nigerians.”

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