The Nigerian Guild of Editors has urged the Federal Government to save the media from total collapse. It argued that such injection of funds would ensure continued existence and operations of the various media houses – print, electronic or New Media.
The Nigerian Guild of Editors has urged the Federal Government to save the media from total collapse.
It argued that such injection of funds would ensure continued existence and operations of the various media houses – print, electronic or New Media. “Notes that using public funds to finance private sector operations to save them from bankruptcy and a total eclipse is not new and has been adopted in other jurisdictions. It cites the instance of the United States government, which used public funds to save the U.S. automobile industry, banking and other ailing sectors from insolvency during the financial crisis of 2008 and currently with the $2 trillion bailout for companies, amid the COVID-19 scourge.
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