Abstract
Exploring the poor capital base of the Nigerian media and the corruption within the media itself could help in understanding the major challenges faced by the media in that country and in Africa at large. This chapter studies the nature of the poor capital base of the Nigerian media by means of qualitative interviews. It dwells on issues of poor capitalisation by situating this study within the context of the recapitalisation of Nigerian banks and provides a critique of using a corporate approach in recapitalising the media industry in Nigeria. The chapter discusses the findings according to three major themes: corruption within the Nigerian press, poor capitalisation and bad working conditions under which the press operates. The study then suggests alternative sources of financing for the Nigerian and African media.
See Yusha’u, Muhammad Jameel (2010a): Coverage of Corruption Scandals in the Nigerian Press: A Comparative Coverage of Northern and Southern Newspapers. Unpublished PhD Thesis. University of Sheffield United Kingdom.
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Notes
- 1.
Abeokuta is the capital of Ogun State in Nigeria.
- 2.
Atiku Abubakar was the vice-president from 1999 to 2007. Together with President Olusegun Obasanjo, he was accused of diverting money from the Petroleum Technology Development Fund (PTDF) for personal use by a senate committee.
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Yusha’u, M.J. (2018). Poor Capitalisation and Corruption Within the Nigerian Press. In: Mabweazara, H. (eds) Newsmaking Cultures in Africa. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-54109-3_9
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