Nigerian Radio Stations Cut Down Hours Of Operation Due To Rising Cost Of Diesel.

It has been revealed that some radio stations in Nigeria on Friday announced the cutting down on their hours of operation.

The Broadcasting Organisation of Nigeria has warned that television and radio stations in the country might shut down their operations over the persistent fuel scarcity and skyrocketing diesel prices.

Yemisi Bamgbose, executive secretary of BON, stated that broadcast stations could no longer cope with the lingering fuel scarcity and skyrocketing prices of the black market fuel.

“There is a lingering scarcity of petroleum products and diesel, which fuels the generating sets of these organisations, has more than doubled in price over the last four months,” reads part of the statement.

Bamgbose stressed that broadcast stations which rely heavily on fuel to power their machines and keep them running at an optimal temperature to avoid overheating, are now running at a loss which has caused a delay in staff salaries.

“With diesel costs averaging more than N700 per litre and having to resort to buying petrol from the black market at more than N2,000 per litre, broadcast organisations are recording such huge deficits that have resulted in staff salaries being delayed,” said the BON executive secretary.

According to him the shutdown of TV and radio stations will pose a huge security threat to the dissemination of fact-checked information.

Meanwhile, one of the radio stations in a letter signed by the management and titled ‘announcement’, said the decision was taken due to high cost of diesel in the country. Here are notices from some radio stations;

The letter reads in part;

“Due to the diesel scarcity and the poor power supply we would like to notify all Hot FM Abuja listeners and partners that the station will be adjusting transmission times until the current situation improves.
“Transmission will now commence daily from 5.00 am until 9:30pm. Thank you for your cooperation and understanding.”

Comments

Omisande: CPS Pensioners in Lagos State assured of payment of their increase pension benefits as their Federal counterparts.

By Afolabi Oyekunle. Pensioners under the Contributory Pension Scheme(CPS) in Lagos State have been urged to be patient concerning their much awaited increases, as there are assurance that all what they are entitled to will be paid earlier next year. This assurance is coming from the Chairman, Nigeria Union of Pensioners, Contributory Pension Scheme, NUPCPS, Lagos State Council, Comrade Michael Omisande. Comrade Omisande who spoke to ForumNews at the sideline of the end of year get together of Agege Zone Pensioners said what is delaying is the Template which is being awaited Comrade Omisande said just as the Federal workers who have started receiving their own entitlements, all Pensioners under the scheme in other five states will receive their own as approved by the Federal government. According to him, the PFA'S have been given till 20th December to pay all Federal Pensioners. He said after the completion of the Payment, PenCom will ther...

PenCom urges Lagos State Governor to extend periodic pension increase to retirees under CPS, as Sanwoolu welcomes the idea.

By Afolabi Oyekunle. The National Pension Commission (PenCom) has called on the Lagos State Governor, Babajide Sanwo-Olu, to extend periodic pension increases currently enjoyed by Defined Benefit Scheme (DBS) retirees to those under the Contributory Pension Scheme (CPS) to boost their monthly pensions. The Director General of PenCom, Ms. Omolola Oloworaran, made the request during a courtesy visit to Governor Sanwo-Olu at the Lagos State Government House on 7 May 2025. The visit was to present the report of PenCom’s 2024 routine inspection of the Lagos State Pension Commission (LASPEC) and to thank the Governor for confirming his participation as Special Guest at the Pension Industry Leadership Retreat starting 8 May 2025. PenCom DG pointed out that currently, only DBS retirees are paid pension increases in Lagos State, leaving out their counterparts under the CPS. DG PenCom Ms Oloworaran with Gov Sanwoolu who presented her with Lagos State plaq...

PENCOM pledges to see that Lagos State pays CPS retirees.

By Afolabi Oyekunle. Director General of National Pension Commission, Ms Omolola Oloworaran has pledged that the Commission will fast track and work towards Lagos State government paying retirees under the Contributory Pension Scheme what is due to them like their federal counterparts. She made the pledge at a media workshop in Lagos for journalists. The Director General was surprised when she was asked why the Template for the payment was not released to Lagos State government for the payment of backlog of areas and allowances as approved by the Federal government, which Federal retirees are currently enjoying. PenCom DG, Omolola Oloworaran She thereby directed her staff to work on the Lagos State matter to settle the matter towards making the Lagos State government have all the necessary information needed to pay the retirees. The PenCom Director General noted that Lagos State government was one of the few states that keyed into the progra...

Search This Blog