Nigeria’s Economic Direction Questioned as ITV Marks 29 Years of Broadcasting Excellence


By Elvis Omoregie 

Concerns over Nigeria’s rising unemployment rate despite years of economic reforms took centre stage at the 29th Founders’ Day Lecture of Independent Television and Radio (ITV), with experts calling for a recalibration of the country’s economic model.

Delivering the keynote address, Sir Chief Lawson Omokhodion, former Pro-Chancellor and Chairman of the Governing Council, Ambrose Alli University, blamed successive governments for ceding excessive control to the private sector over the past four decades. 

He argued that the policy direction has failed to deliver inclusive growth or sufficient job creation.

Speaking on the theme, “Quo Vadimus: Nigeria, Where Are We Going?”, Omokhodion maintained that Nigeria’s economic structure remains fragile due to an over-reliance on privatization policies.

He stressed the need for a more balanced partnership between the public and private sectors to drive sustainable economic development and address unemployment.

The lecture formed part of activities marking the 29th anniversary of ITV and Radio, which has grown into a prominent broadcasting institution with local and international recognition for excellence and innovation.

Organisers noted that the annual Founders’ Day Lecture continues to serve as a platform for critical national discourse, with the 2026 edition focusing on Nigeria’s socio-economic challenges and future direction.

Chairman of Independent Television and Radio, the Esama of Benin, Sir Chief Dr. Gabriel Osawaru Igbinedion, represented by former Chairman of Ovia North-East Local Government Area, Hon. Charles Igbinedion, commended staff dedication and client loyalty, describing them as key to the organisation’s longevity.

In his remarks, Managing Director of ITV and Radio, Engineer Elvis Obaseki, attributed the station’s sustained growth to the founding vision of Igbinedion, noting that the organisation remains committed to quality broadcasting and public service.

A panel session featuring stakeholders from the media, health, and public sectors further examined pressing national issues, including the need for media objectivity, effective economic reforms, and the preservation of national unity.

The event also featured the recognition of pioneer staff and the presentation of awards to deserving personnel. Guests, including government officials, security chiefs, and industry leaders, offered goodwill messages and commended the station’s contributions to national development.

Executive Director, Finance and Administration, Lady Celerina Ojomo, alongside the Chairman of the planning committee, Efosa Uwangue, expressed appreciation to attendees for their support in making the event a success.

The anniversary celebration drew a distinguished audience, reflecting ITV’s enduring influence in Nigeria’s media landscape.

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