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Oyo Information Summit: Media stakeholders call for regulation of online publishers.
No fewer than 800 media stakeholders, who converged in Ibadan, the capital of Oyo State to attend the maiden edition of Oyo State Government Information Summit, yesterday called for the regulation of Online Publishers through legislation as well as registration of bloggers and online publishers, averring that there is need for synergy between government and media practitioners as catalysts for sustainable development in Nigeria.
The stakeholders also cautioned media practitioners from reporting inciting as well as divisive messages that could lead to chaos and precipitate anarchy in the country.
The summit, which had in attendance Governor Abiola Ajimobi of Oyo State, his counterpart from Ekiti State, Mr. Ayodele Fayose, Media Chiefs, Media Regulatory Agencies, Government Functionaries, Public Relations Practitioners, Information Officers, Communication Lecturers, Reporters, Online Publishers, Broadcasters, Lawyers, Communication Students and other Stakeholders, advocated for the promotion of language for peace and stability in the country by media organizations.
In a communiqué issued at the end of the summit with the theme: “Managing Information & Communications: the Catalyst for Sustainable Development, the stakeholders called for effective monitoring of media houses by various Regulatory agencies, noting that strict compliance with regulations guiding the ethics of the media profession should be followed.
“After a careful examination of issues addressed on past and current Nigerian socio-political milieu, the Summit condemned inflammatory statements and narratives from different parts of the country on media channels as well as linguistic or extra linguistic acts that can spur hatred and unnecessary tension. Nigerian media should encourage the use of positive languages to promote peace and harmony in the society,” the communiqué committee headed by Dr. Bayo Busari explained.
The participants at the summit, the first of its kind by any state government, commended the Oyo State Government for organizing the epochal summit explaining that it offered the opportunity for Stakeholders to examine the challenges in the practice of Information and Communication management, consequently calling for a regular Information summit of this nature, twice in a year.
According to the communiqué, “there should be periodic training and mentoring for Media Practitioners and Information managers, provision of necessary working tools for media practitioners, in line with modern trend in the industry, in addition to the revival and sustenance of the culture of professionalism among media Practitioners.
The participants charged media owners to pay more attention to the welfare of media practitioners and information managers, with a clarion call for the speedy commissioning of the Oyo State Archive nearing construction.
Governor Ajimobi, while declaring the summit open, noted that being objective is one of the most difficult things to be in life, enjoining media practitioners to ensure that they correctly and factually inform the people so that the government and the people can always walk in the same direction.
He stated that efforts to bridge the information and communication gap, address lack of professionalism and ethical standards is the first Oyo State Council on Information Summit saying, “Our answer is this maiden edition of Oyo State Council on Information Summit with the theme: Managing information and communications: the catalyst for sustainable development. It is convened by the Oyo state government for stakeholders in the media profession, to exchange views and ideas and to seek ways of improvement.
“Ladies and gentlemen, I implore all of you here, to please let us correctly, factually, inform our people so that the government and the people can walk in the same direction. As the internet and digital media usage becomes increasingly widespread, it is a matter of strategic necessity for information managers to fashion out practical strategies in the engagement of the various interest groups,” Governor Ajimobi added.
In his short remark, Governor Fayose urged the practitioners to look inwards and lead by example with whatever they are sending to the government and the public, adding that if things get better through the information and communication disseminated, it is in the interest of everybody.
He lamented that most journalists have abandoned their first professional call and have become what he described as “professional-political journalists”, urging them to choose a path to follow out of the two fields.
The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.
The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.
Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.
He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.
“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.
Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.
While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.
Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.
He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”
Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.
He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”
Dangote Petroleum Refinery has made headlines by announcing a further reduction in the price of diesel, dropping it from ₦1200 to ₦1000 naira per litre.
The refinery’s decision comes on the heels of its recent supply at a significantly reduced price of ₦1200 per litre, which was introduced three weeks ago, signifying a remarkable 30 per cent decrease from the previous market price of approximately ₦1600 per litre.
This substantial reduction in diesel prices at Dangote Petroleum Refinery is expected to reiterate positively throughout various sectors of the economy, potentially serving as a catalyst in alleviating the persistently high inflation rate in the country.
In a statement last week, Aliko Dangote, Africa’s wealthiest individual and the owner of the refinery, expressed his optimism regarding the potential impact of the price reduction on inflation in Nigeria.
“I believe that we are on the right track. I believe Nigerians have been patient, and I also believe that a lot of goodies will now come through. There’s quite a lot of improvement because if you look at it, one of the major issues that we’ve had was the naira devaluation that has gone very aggressively up to about ₦1900,” he remarked.
As anticipation builds around the implications of this move by Dangote Petroleum Refinery, stakeholders and consumers alike remain hopeful for the positive effects it could bring to the Nigerian economy in the coming months.
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