A prominent broadcasting company in Nigeria, Megalectrics, has officially declared the temporary closure of two of its radio stations, The Beat 97.9FM and Naija FM 102.7FM, both located in Ibadan. The decision was communicated in a statement released on Thursday by the Chief Executive Officer of the company, Mr. Christopher Ubosi.
Underscoring the challenging economic conditions prevailing in the region, Mr. Ubosi elucidated that the temporary closure stemmed from external factors. The decision was made as a strategic pause in Megalectrics’ operations. It is noteworthy that other Megalectrics stations situated in Lagos, Port Harcourt, Abuja, and London remain fully operational.
Mr. Ubosi emphasised that the temporary closure of these two stations is part of a strategic move aimed at allowing Megalectrics to regroup, restructure, and emerge even stronger. The primary goal is to provide an improved experience for their valued staff, clients, and loyal listening public.
“Megalectrics understands the profound impact that Beat and Naija FM have had on the vibrant city of Ibadan,” Mr. Obosi said. These stations have, over the years, become an integral part of the local culture, offering unparalleled entertainment, music, and news.
Mr. Ubosi expressed gratitude to the dedicated staff in Ibadan, acknowledging their pivotal role in making The Beat FM and Naija FM successful platforms. He assured the employees that their dedication and passion would be recognised and rewarded as they navigate through these challenging times. Megalectrics also extended their appreciation to their esteemed clients for their unwavering support and partnership.
The decision to temporarily close the two stations was not taken lightly, and the company explored all possible options before reaching this difficult decision. Mr. Ubosi expressed hope that this hiatus would be temporary and conveyed the company’s dedication to exceeding expectations upon its return.
Megalectrics promised to bring a refreshed and invigorating radio experience that would resonate with the hearts and minds of their cherished listeners in Ibadan and its environs. The company affirmed its commitment to its mission of delivering exceptional entertainment, promoting local talent, and fostering community engagement.
Megalectrics expressed confidence that this temporary hiatus would pave the way for an even brighter future for The Beat FM and Naija FM in Ibadan and its surrounding areas.