Editors urge FG to ease impact of fuel subsidy removal/exchange rate volatility

The Nigerian Guild of Editors (NGE) has urged the federal government to urgently mitigate the negative impact of fuel subsidy removal and exchange rate volatility on the economy. 

Noting the economic constraints and rising operational costs, the Guild also called on the government to consider subsidies or tax relief to help media houses cope with current challenges. 

NGE made the call in a communique issued after a three-day All Nigeria Editors Conference (ANEC) in Yenagoa, the Bayelsa State capital. 

The communique was signed by NGE President, Eze Anaba and General Secretary, Dr. Iyobosa Uwugiaren. 

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The professional body of editors and media executives said while it recognises the potential long-term benefits of the federal government’s reforms, the immediate economic strain on all sectors, especially the media, is becoming unbearable and detrimental to economic growth, as well as media sustainability and viability. 

The Guild, therefore, called for targeted relief measures to ease the burden on citizens and businesses alike. 

Regarding the sustainability of media revenue models, the Guild advocated for innovation in revenue generation beyond traditional advertising. 

“Media owners are encouraged to invest in quality journalism, embrace digital platforms, and offer premium content to ensure financial sustainability,” it said. 

The editors called for stricter enforcement of journalist protection laws and urged media houses to provide safety training for their staff, especially those covering sensitive issues. 

Reaffirming the importance of ethical journalism, media proprietors were urged to maintain high standards of professionalism, emphasising that adhering to these standards is essential for building public trust and countering pressures that threaten press freedom. 

The Guild also urged the federal government to create a media-friendly environment by reviewing policies that affect operational costs and considering tariff reductions on essential media equipment.