HomeOpinionFredrick Nwabufo: The media...

Fredrick Nwabufo: The media needs a bailout now

! By Fredrick Nwabufo

The primacy of the media in any society is indubitable. The media is the iron curtain between tyranny and democracy. It is the bastion of the ethos, truth and spirit of a people. And it serves no interest but the public’s.

Cliched as the fourth estate of the realm, the essentiality of media is commonplace but prodigiously unemphasised. In fact, it is the institution that is accorded a ‘’special envoy status’’ in the Nigerian constitution, and even in those of some advanced democracies. 

Section 22 of the Nigerian constitution says: “The press, radio, television and other agencies of mass media shall at all times be free to uphold the fundamental objectives …and uphold the responsibility and accountability of the government to the people….”

So, naturally, the media exists in the service of public interest – to hold the government to account. It is a public institution beholden to no one. Considering, the preeminent place of the media in Nigeria, should it be allowed to flounder and decay under financial constraints?

Who will come to its rescue, the people or the government? 

As a matter of fact, before the COVID-19 tsunami and its attendant economic perils, most newspapers or rather, news organisations were struggling to stay afloat. Salaries and allowances of staff were privileges rather than entitlements in some media organisations. COVID-19 has worsened the situation. 

Media organisations which had kept their terms of contract with workers cannot afford to keep paying staff salaries anymore. There have been forced leave, salary cuts, sackings, and other Siberian measures in the industry. 

Who will come to the rescue of the Nigerian media?

I read the note by Dapo Olorunyomi, publisher of Premium Times, where he said: “Emerging from a recent legacy of perhaps the hardest hit industry by the economic downturn further complicated by the COVID-19 crisis, the media in Nigeria today face a truly existential threat of an unimaginable proportion’’, and solicited donations from readers through community membership.

I consider this as noble, and the righteous thing any independent news organisation will do. But we are all made vulnerable by COVID-19. The Nigerian reading population is not insulated from the economic menace of this disease. So, how far can the media industry go with this approach?

Let me emphasise this, the independence of the media is crucial, and the institution should be not be bankrolled by any interest. But how independent can a news organisation experiencing severe financial denudation be?

Even media organisations subsisting on grants are not entirely free of influences – the grantors give conditions for these grants — conditions which look innocuous and reformist on the surface but purposive on the agenda of the home country of the grantors. 

Again, I know bailout for the media is a question of ethics or ethical appearances. The question is, can you still hold to account a government you received a financial bailout from? Will there be a conflict of interest? But really, most media organisations including the ‘’independent’’ ones survive on adverts mostly from government institutions. And this does not corrode their independence to say the least. 

Also, bailout funds are not resources of some people in power, but of the Nigerian people, and they should be deployed to keep the media, as a public institution of great consequence, oxygenated. 

In April, the federal government of Australia announced a $50 million bailout for the regional media financially wizened by the COVID-19 pandemic. The decision of the government was celebrated by industry experts in the country. 

In Canada in May 2019, the government mulled bailing out the parlous media industry with $600 million – long before COVID-19. And with the pandemic, most Canadians support a bailout for the media, according to a survey conducted by Nanos Research for Friends of Canadian Broadcasting, a non-partisan media watchdog. 

It is a matter of survival here; survival of the most important public institution in any society. Taxpayers’ funds are often deployed dubiously in feeding and bracing banks in times of financial stress, I believe they should be put to where it matters most now. 

Nigerians should bail out the media.

________________________________________________

Fredrick Nwabufo is a writer and journalist.

Twitter: @FredrickNwabufo

Disclaimer

It is the policy of NewsWireNGR not to endorse or oppose any opinion expressed by a User or Content provided by a User, Contributor, or other independent party. Opinion pieces and contributions are the opinions of the writers only and do not represent the opinions of NewsWireNGR

To continue telling under-reported stories, we need your support for the work we do, donate to https://www.paystack.com/paynewswirengr

Also, kindly donate to the work we do using this interim PAYPAL ID https://www.paypal.me/NewsWireNGR

- A word from our sponsors -

spot_img

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

Why Mobile Gaming Is Growing Faster Than Ever in Africa

Meta Title: Mobile Gaming In Africa – Why It's Growing Fast Meta Description: Mobile...

Toyin Akinniyi: Building blocks of the Future, education financing for sustainable outcomes

Opening Remarks by Ms. Toyin Akinniyi, Regional Portfolio Director, Luminate at...

Cheta Nwanze: The acquittal of Nigeria’s former petroleum minister Diezani Alison-Madueke

Cheta Nwanze The acquittal of Nigeria’s former petroleum minister Diezani Alison-Madueke at...

Lazarus Angbazo: Building Nigeria’s Infrastructure Economy

BUILDING NIGERIA'S INFRASTRUCTURE ECONOMY Mobilizing Private Capital to Build the Foundation of...

- A word from our sponsors -

spot_img

Read Now

Why Mobile Gaming Is Growing Faster Than Ever in Africa

Meta Title: Mobile Gaming In Africa – Why It's Growing Fast Meta Description: Mobile gaming in Africa is growing faster than any other digital sector: affordable smartphones, mobile payments, local content and what the data shows for 2026. Why Mobile Gaming Is Growing Faster Than Ever in Africa Few industries are expanding...

Toyin Akinniyi: Building blocks of the Future, education financing for sustainable outcomes

Opening Remarks by Ms. Toyin Akinniyi, Regional Portfolio Director, Luminate at the Bold Action Session on Education: "Building Blocks of the Future: Education Financing for Sustainable Outcomes"  (A Day Zero event of the 2026 Africa Social Impact Summit) on 21 July 2026. Protocols. Good morning distinguished guests, the board and CEO...

Cheta Nwanze: The acquittal of Nigeria’s former petroleum minister Diezani Alison-Madueke

Cheta Nwanze The acquittal of Nigeria’s former petroleum minister Diezani Alison-Madueke at Southwark Crown Court, London, on 17 June 2026 has brought up an uncomfortable question that has long shadowed international anti-corruption efforts: is justice truly universal, or is it reserved for the powerless? After a nearly six-month trial...

Lazarus Angbazo: Building Nigeria’s Infrastructure Economy

BUILDING NIGERIA'S INFRASTRUCTURE ECONOMY Mobilizing Private Capital to Build the Foundation of National Prosperity Keynote Address by Dr. Lazarus AngbazoChief Executive Officer, InfraCorpNACCIMA Infrastructure Conference (INFRACON) — July 14, 2026 Your Excellencies, distinguished guests, ladies and gentlemen. Please permit me to stand on established protocol. Let me begin with a simple observation. Every...

Lazarus Angbazo: Beyond Roads and Power, Who Will Finance Human Capital Infrastructure for Africa’s Workforce?

By Lazarus Angbazo |  [email protected] Africa is entering one of the most ambitious periods of infrastructure and industrial investment in its history. Governments are expanding power generation, transport networks, ports, industrial parks, and digital infrastructure, while African private sector leaders are making unprecedented long-term commitments to manufacturing and industrial...

Residents: Key Factors to Consider When Choosing a Self Storage Facility in Philadelphia

Finding the ideal self-storage unit can be challenging, especially in Philadelphia, where options abound. Many residents seek facilities that not only safeguard their belongings but also provide value and convenience. In this article, you'll learn the key factors to consider when selecting a self-storage facility in the...

“No Victor, No Vanquished” — Angbazo calls for unity after Nasarawa ADC Governorship Primary win

LAFIA — Retired General Nuhu Angbazo has emerged victorious from the Africa Democratic Congress, ADC, governorship primaries in Nasarawa State, calling on all party faithful to sheathe their swords and rally behind a common vision for the state's development. In a press statement issued shortly after his victory...

Lazarus Angbazo: The Countries that will lead the AI Economy are being decided right Now — By Their PowerGrids

Nigeria has enough installed generation to power a mid-sized country. The grid delivers less than half of it. Around the world, the race to build AI-ready power infrastructure is already underway — and the decisions African governments and investors make in the next eighteen months will determine...

Cheta Nwanze: Failed visa Marriages

by Cheta Nwanze The 1990 film Green Card told a relatively innocent story: a French immigrant and an American woman enter a marriage of convenience so he can stay in the US. They barely know each other. They hope never to see each other again after the deal...

Digital Marketing for Attorneys

In the competitive landscape of legal services, personal injury and medical malpractice attorneys are finding themselves overshadowed by competitors who dominate online visibility. The root of this issue lies in the digital presence that many firms lack. While traditional word-of-mouth referrals still hold value, the digital age...

Lazarus Angbazo: The global power industry is leaving Africa behind

 Dr. Lazarus AngbazoThe nascent AI revolution is not just driving electricity consumption and massive demand for additional capacity—it is reshaping how power is built, maintained, and delivered. For Africa, the real risk is no longer just insufficient capacity—it is also losing control and ability to manage the capacity it...

Bunmi Onabanjo-Kuku: The first thing you feel when you land in Nigeria

By Bunmi Onabanjo-Kuku The first thing you feel when you land in a country is not its culture, not its cuisine, not its people. It is its airport. That threshold, the space between the jet bridge and the city beyond, tells you everything a nation believes about itself...