• Friday, March 29, 2024
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APCON, NBC agree to tackle age-long media industry debt

APCON, NBC agree to tackle age-long media industry debt

The Advertising Practitioners Council of Nigeria (APCON) and National Broadcasting Commission ( NBC), the two government agencies regulating advertising practice and the broadcast media respectiviely have agreed to collaborate in ensuring the resolution of the age-long industry debt, adherence to advertising code among other critical industry issues. This was part of the agreement reached during the courtesy visit of APCON management to the leadership of NBC.

The APCON Registrar/ Chief Executive, Olalekan Fadolapo recently met with the Acting Director General of the National Broadcasting Commission, Armstrong Idachaba to seek collaboration towards promoting policies that will improve the advertising industry and strengthen intersectoral relationship.

The APCON Registrar hinted on the plan by APCON to develop a new business framework and Standard Operating Procedure for the advertising industry. He stated that the business framework will be comprehensive and will address critical industry concerns which include industry debt, payment policy, inter and intra sectoral relationships among other issues.

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The APCON Registrar stated that NBC is expected to make substantial input and adequately participate in the formulation of Standard Operating Procedure (SOP) for the industry. While the SOP will require stakeholders’ participation, the APCON Registrar sought the mutual collaboration of NBC as a government regulatory agency to support and ensure compliance. He also solicited the support of NBC in ensuring that all broadcast media organisations comply and enforce the advertising code.

The APCON Registrar noted that the visit was in line with the directive of the Minister of Information and Culture, Lai Mohammed, requesting that all agencies regulating the advertising and media industry should collaborate and seek solution to the age-long media debt.

The Acting Director General of NBC, Armstrong Idachaba expressed delight at the call for collaboration by APCON. He reaffirmed the commitment of NBC to partner with APCON in every area of interest that will improve the long-standing relationship and the respective mandate of the two government agencies.

He assured the APCON Registrar on the support and participation of NBC in the formulation and implementation of the SOP. He further sought the support of the APCON Registrar on Zero Debt Tolerance policy of the broadcast media and the revised broadcast code.

The two regulatory agencies agreed to sign a MOU and work together to promote a healthier business environment for all stakeholders.