26 C
Lagos
Sunday, January 17, 2021
- Advertisement -

Iroko TV Chief Says NBC’s Policy Will Ruin Pay TV

Opinion

2020: A Year Like no Other By Dakuku Peterside

The year 2020 was supposed to be a great year. It was another Leap Year – the famed Olympic Games year when...

The Time to Restructure is Now – Bola Tinubu

Being with you at this special event today, I am visited by two competing emotions. I continue to feel a profound sense...

Africa and the COVID-19 Vaccine – By Dakuku Peterside

The year 2020 will forever be synonymous with Covid-19, a pandemic that brought the world to her knees. For the first time...

Buhari is Repressing Human Rights and Getting Away With It – By Kolawole Olaniyan

President Muhammadu Buhari is failing to live up to his promises to ensure respect for human rights, obey the rule of law,...

Jason Njoku, the co-founder and Chief Executive Officer (CEO) of Iroko Partners, owners of the popular platform iRokoTV has condemned a new policy by the Nigeria Broadcasting Commission (NBC).

Mr Njoku, who shot to fame after building iRoko TV into a global brand from his Lagos apartment, has joined other content creators and local broadcasters in opposing a proposed policy which seeks to make content exclusivity illegal in Nigeria.

Mr Njoku said that the policy will totally destroy PayTV in Nigeria if implemented. He said that the NBC’s plan to force companies to sub-license their content at a government-regulated price is effectively turning private enterprise into state property, adding that interference distorts markets.

Speaking via several tweets on Twitter, Njoku said: “Nigeria Broadcasting Commission (NBC) In making exclusivity illegal, compelling sub-licensing of content & regulating price, are effectively turning private enterprise into state property. Interference Distorts Markets. If implemented this 100% destroys PayTV in Nigeria.”

The iRokotv boss further stated that the new policy will discourage independent production from investing in local content.

Njoku wondered why the NBC did not consult with industry stakeholders before announcing the policy. “I invest billions Naira in content then I am compelled to share with everyone else as NBC sets the price. Why? Dark forces or incompetence is at play here,” he said in a Tweet.

- Advertisement -
- Advertisement -

Business Profiles

Ngozi Edozien

Ngozi Edozien is the founder and Managing Director of Invivo Partners Limited. She has over 20 years’ experience in finance/private equity, general...

Sanyade Okoli

Sanyade Okoli is Chief Executive Officer at Alpha African Advisory. She has over 21 years of financial advisory, private equity, corporate, commercial...

Samuel Nwanze

Samuel Nwanze is a director of Transcorp Power. He holds an MSc. degree in Finance and Management from Cranfield University in the...

Olukemi Adeniji

Ms Adeniji has a law degree and a Masters in International Law and Diplomacy (M.I.L.D) from the University of Lagos. She has...

Chikezie Nwosu

Chikezie Nwosu is an experienced senior executive with over 29 years local and international experience in the oil & gas industry vis-a-viz...