By Ifeanyi Nwoko
The Senate Committee on Information and National Orientation on Wednesday, commended the News Agency of Nigeria (NAN) for its leadership role in Africa’s media industry and innovative use of social media platforms.
Sen. Suleiman Adokwe, Chairman, Senate Committee on Information and National Orientation, gave the commendation when the management of NAN, led by its Managing Director, Mr Bayo Onanuga, presented the agency’s performance report to the committee.
Adokwe said that he relied on NAN for all his news and information, and said that he was impressed with the utilisation of the news platforms.
“I am excited about your social media platforms; everyday, I get all my news from NAN,” he said.
He urged the agency to sustain effective use of the platforms and increase its revenue projections to over N500 million in 2017.
In his remark, a member of the committee, Sen. Ben Bruce, expressed displeasure at the poor level of funding which the agency got from the government.
He advised NAN to utilise its properties across the country to start a real estate company which would help to raise its internally generated revenue.
Earlier, while making his presentation, Onanuga said that the revenue projections of the agency dropped in 2016 as a result of poor patronage by its subscribers.
He said that a lot of subscribers who hitherto paid their subscriptions on time had not been able to make payment due to the economic challenges facing the nation.
Onanuga, however, expressed optimism that NAN’s revenue would rise above the current projection in view of the new social media platforms which had been introduced.
He prayed the committee to intervene and increase the funding of the agency for better performance, stressing that it was difficult to train members of staff without funds.
(Edited by Olisa Ifeajika)