The Federal Radio Corporation of Nigeria FRCN is projecting the sum of one point three billion naira as internally generated revenue for the 2022 financial year.
The Director General of the Federal Radio Corporation of Nigeria FRCN, Dr Mansur Liman, disclosed this during the 2022 budget defence session of the corporation at the National Assembly.
While presenting the 2021 budget performance of the corporation, the Director General of the Federal Radio Corporation of Nigeria, FRCN, Dr Mansur Liman, said ten billion two hundred and ninety-six million seven hundred and eleven thousand and thirteen naira was appropriated.
Dr Liman explained that out of this, 9,748, 566, 28 was for personnel cost, 193, 953,449 for overhead and 984,258,047 was for capital.
He explained that the capital and overhead has been fully released and the personnel is being released, saying all ongoing projects in the 2021 budget would be completed at the end of the year.
The DG said the total budget proposal for the corporation for 2022 is 10 billion 926 million, 777 thousand 766 naira, comprising of personnel cost totaling 9.748, 566, 028 naira, an overhead cost of 193, 953,449 naira and a capital of 984,258,047 naira.
Dr Liman also revealed a projected revenue of 1.308,643,693,062
The DG however disclosed some of the challenges facing the corporation to include dilapidated structures and obsolete equipment.
Dr Liman, gave the assurance that by next year, the two remaining FM stations in Taraba an Delta states would be ready making each of the 36 states of the Federation to have an FRCN FM station.
The Chairman of the Committee, Mr Olusegun Odebunmi, said the licensing of Radio stations belonging to some MDAs is jeopardizing the work of FRCN
Mr Odebunmi, urged the government to increase the budgetary allocation of the Corporation to enable it discharge it’s mandate effectively.
Other agencies that participated in the session included, NTA and NOA.
Reporting by Ibrahim Shehu; Edited by Adeniyi Bakare