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Media  Owners Requesting  Tax Relief for Sustainability of The Industry

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The 20th All Nigeria Editors Conference (ANEC) in Yenagoa, the Bayelsa State Capital,  rounded off with a shared commitment from Nigerian media proprietors, media executives and editors to promote responsible journalism, support economic growth, and defend press freedom and democracy.

The media industry leaders also called on the federal government to urgently mitigate the negative impact of fuel subsidy removal and the exchange rate volatility on the economy.

Noting the economic constraints and rising operational costs, the Guild also urged the federal government to consider subsidies or tax relief to help media houses cope with the current challenges.

In a communique signed by the NGE President, Eze Anaba and the General Secretary, Dr Iyobosa Uwugiaren, the professional body of editors and media executives, said that while it recognizes the potential long-term benefits of the federal government’s reforms, the immediate economic strain on all sectors, especially the media, is becoming unbearable and unhelpful to the economic growth as well as media sustainability and viability.

The Guild therefore called for targeted relief measures to ease the burden on citizens and businesses alike. On the sustainability of media revenue models, the Guild advocated for innovation in revenue generation beyond traditional advertising.

‘’Media owners are encouraged to invest in quality journalism, embrace digital platforms, and offer premium content to ensure financial sustainability.

In a communique signed by the NGE President, Eze Anaba and the General Secretary, Dr Iyobosa Uwugiaren, the professional body of editors and media executives, said that while it recognizes the potential long-term benefits of the federal government’s reforms, the immediate economic strain on all sectors, especially the media, is becoming unbearable and unhelpful to the economic growth as well as media sustainability and viability

‘’Concern over the rise in harassment and violence against journalists was also prominent at the conference. And we called for stricter enforcement of journalist protection laws and urged media houses to provide safety training for their staff, especially those covering sensitive issues’’, the editors added.

Reaffirming the importance of ethical journalism, media proprietors were urged to maintain high standards of professionalism, saying adhering to these standards is essential for building public trust and countering pressures that threaten press freedom.

The Guild also urged the federal government to create a media-friendly environment by reviewing policies that affect operational costs, and consider tariff reductions on essential media equipment.

According to the NGE, ‘’There was a strong recommendation at the conference that the media proprietors should invest in digital transformation, enhance content delivery, and train staff in digital skills, like data journalism and multimedia production to adapt to Nigeria’s increasingly digital audience.

‘’There was also call for the Guild to encourage greater collaboration among the media organizations, NGOs, and civil society to advocate for press freedom, and emphasized that unity is essential in confronting restrictive laws and policies.’’

The ANEC also discussed the outcome of a conference titled “The Big Tech and Journalism – Building a Sustainable Future for the Global South, which was held last year in Johannesburg.

The conference, which brought together over 70 journalists, news publishers, media organisations, including Nigerian Guild of Editors, scholars, activists, lawyers, and economists from 24 countries discussed solutions to the crisis of the sustainability of journalism and its intersection with the role of major tech platforms .

According to the Guild, ‘’The conference culminated in the adoption of Big Tech and Journalism: Principles for Fair Compensation (the Principles).

The Principles are intended to be universal, serving as a framework for any country seeking to address media sustainability through competition or regulatory approaches, while enabling adaptation to the unique context.’’

The ANEC, therefore, resolved to use the Principles and hoped that the Principles will represent an important step forward in addressing Nigerian media sustainability in ‘’the tumultuous era of Big Tech.”

The ANEC also expressed concern over the gagging of Nigerian press, especially online platforms, with obnoxious laws and resolved to compile all the anti-media laws and forward it to the National Assembly to begin the process for repeal or amendment. 

The Guild expressed its gratitude to Governor Douye Diri of Bayelsa State, members of the Bayelsa State Executive Council, and traditional rulers for their hospitality and support.

Their contributions, according to the Guild, were instrumental in facilitating a successful conference and demonstrated Bayelsa’s commitment to fostering national dialogue and media development.

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Senate confirms Oyedele as minister

During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.

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The Senate has confirmed the nomination of Taiwo Oyedele as Minister of State for Finance.

His confirmation comes after two hours of screening as lawmakers grilled him on various aspects of the economy.

Oyedele’s screening followed a motion moved by Opeyemi Bamidele, the Senate leader, after he called for the suspension of the Senate rule to allow strangers to come into the chamber.

During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.

Oyedele was escorted to the chamber by Bashir Lado, the Special Adviser to the President on the National Assembly ( Senate), alongside others.

His screening followed President Bola Tinubu’s letter to the Senate on Tuesday, requesting his confirmation as a minister.

Tinubu had, on March 3, nominated Oyedele, who currently serves as chairman of the presidential committee on fiscal policy and tax reforms, as Minister of State for Finance.

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Tinubu appoints Lamido Yuguda as CBN’s Deputy Governor

Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.

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PRESIDENT Bola Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN)

The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.

This was disclosed on Wednesday by the presidential spokesman, Bayo Onanuga.

The President charges Yuguda to discharge his responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth.

Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.

He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy.

In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.

He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.

He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.

He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN.

He retired from the CBN in 2016, after he had served as Director of the Reserve Management Department for six years.

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JUST IN: IGP Disu Assigns Portfolios to New DIGs

DIG Zachariah Fera Achinyan has been deployed to Legal Services, DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.

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The Inspector-General of Police (IGP) Olatunji Disu has assigned the new Deputy Inspectors -General of Police (DIGs) their duties responsibilities.

Sources said that the DIGs were assigned departments based on their areas of competence.

DIG Zachariah Fera Achinyan has been deployed to Legal Services,

DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.

Similarly, DIG Margaret Agebe Ochalla has been posted to the Force Criminal Investigation Department (FCID);

DIG Mohammed Abdul Sulaiman to Finance and Accounts; DIG Kenechukwu Onwuemelie will oversee the Force Intelligence Department (FID); DIG Fayoade Adegoke will head Information and Communication Technology, while DIG Umar Shehu Nadada has been posted to Operations departments.

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