Connect with us

Asaba Metro News

Edo State Broadcasting Service, EBS

Economy

Revenue Drive: Edo Broadcasting Service Remits N20m IGR in 7 Months


The Edo State Broadcasting Service (EBS) has remitted a total of N20 million to the Edo State Government being revenue generated internally from December 18, 2018 to July 31, 2019.

The improved financial health of the station follows radical reforms instituted by the state government to reposition the media house for optimum service delivery.

Specifically, besides the improved Internally Generated Revenue (IGR), the new management has vigorously pursued cost-effective measures by paying attention to serviceable equipment and blocking revenue leakages in the system.

ALSO READ:  My Administration Will Place High Priority On Workers' Welfare, Oborevwori assures Organised Labour,

In its July Report, Acting General Manager of the service, Mr Ransley Abu-Osagie, said that the outfit remitted a total of N20 million since he assumed management of the station, noting, “In revenue generation, EBS paid a total of N2,400,000 to IGR in July, 2019, thus making the total amount remitted to government N20 million since December 18, 2018 to July 13, 2019, that is, seven months and twelve days.”

He added that “the station engaged government-approved external auditors, Lucky Osawaru and co-firm to commence work on the station’s 2017 and 2018 accounts.”

ALSO READ:  Delta Cares Program Will Add Value to the More Agenda - Deaconess Oborevwori

He said the station deployed novel means to address issues with its transmission equipment and partnered with the Benin Electricity Distribution Company (EBS) in addressing some of its power supply challenges.

According to him, “Repair work on GoTV (system) which was achieved in June was damaged by inclement weather. Steps are already being taken to re-launch on GoTV.”

Recall that Governor Obaseki embarked on an overhaul of EBS in its commitment to revamp the state-owned media enterprises.

The overhaul led to the appointment of new management that has turned the loss-making entity into a revenue-generating outfit.

ALSO READ:  Delta Warns Against Sale of Palliative as Fish, Pig Farmers Get 549 Tons of Grains

The state government is completing processes for procurement of new equipment to improve the broadcasting service.


For advert placement, publication of news content, articles, videos or any other news worthy materials on this Website, kindly send mail to asabametro@gmail.com.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More in Economy

Advertisement

TRENDING STORIES

Advertisement

LATEST STORIES

Advertisement
To Top