I am delighted to welcome all of you to the Annual General meeting of NAB for the year 2022. We thank you for setting time aside to be part of this meeting
It is important to note that the year,2022 following the opening of the economy was recovering from the lockdown which was characterized by supply chain disruptions, economic uncertainty, adoption of hybrid work-from-home practices, inflation rates, and uncertainties arising from the repercussions of the COVID-19 global pandemic, and the recently reported Ebola pandemic in the Country.
All the foregoing negatively affected the media Industry and since then the recovery of the economy and the used to be a normal business in the industry has been changing, from a decline in advertising expenditure due to budget constraints to and change in consumer behaviors
That notwithstanding, the National Association of Broadcasters has continuously labored to deliver on its mandate and the Chairman, on behalf of the Executive of the National Association of Broadcasters reports on the activities of the year,2022 as follows:
- NAB in exercising its mandate did meet the Ministry of Finance & ICT wherein we requested an in-depth consultation of the stakeholders and industry players before the laws are passed.
- Unfortunately, the Amendment to the Computer Misuse Act was passed regardless of our reservations and opinions hence its current vagueness and the threat it might be to the rights and freedoms of expression and the press.
- Our prayer and emphasis are that the government should have numerous meetings with the media stakeholders, especially NAB to gather tried, tested, and experienced opinions from the industry players, because these laws will be affecting us more than any other, it is our hope that Government will hide to these prayers.
Read the detailed report here.