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The Courier Industry and Budget

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Forecasting is a tool often employed in determining unknown variables when preparing a budget while a budget is a detailed plan expressed in quantitative terms that specify how resources will be acquired and used during a specialized period of time.
Budget will enable a courier company to be able to communicate company objectives throughout the firm, focus on planning for the future, effectively allocate resources, reveal bottlenecks, coordinate department objectives with the firm and provide benchmarks for performance evaluation.
Siyanbola Oladapo, managing director and chief executive officer of Bowill Errands Limited explained that budget period varies depending on the organization and different levels of management to execute the budget.
Oladapo, who is a former banker said the budget period could be daily, weekly, monthly, quarterly or annually but noted that the 2010 budget which is yet to be released, has affected the courier industry, which is a service industry.
He said what obtains in the industry now is zero-base budgeting, which as one of the modes of budgeting requires that the budget for virtually every activity in the organization is initially at zero, because to receive funding during the budgeting process  each activity must be justified in terms of its continued usefulness.
He said the above mentioned approach forces management to rethink each phase of an organization’s operations before allocating resources because the budget is not passed as at when due, like the 2010 budget.
On the other hand, he said base budgeting is the approach that set the initial budget for each of the organization’s departments in accordance   with  a base package which includes  the minimal resources  or the sub-unit to exist  at an absolute minimal level, for instance when the budget for 2010 is released latest in January. 

 


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Broadcasting

FG to Gift Nigerians over 100 Free TV Channels from May 15

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National Broadcasting Commission (NBC) is set to launch so-called  FreeTV, with over 100 channels for news, sports, education, entertainment and children’s programming in multiple Nigerian languages.

FG to Gift Nigerians over 100 Free TV Channels from May 15

The launch is scheduled for  May 15.

Charles Ebuebu, director-general, NBC, who disclosed this, said the new platform will offer free-to-air access with no carriage fees, leveraging hybrid satellite and internet delivery via NigComSat-1R.

The new plan is not an upgrade, the NBC stressed. This is a rebuild, according to Ebuebu .

FreeTV will be true free-to-air – no encryption, no set-top box barrier.

Any DVB-T2/S2 television will work. A mobile app will extend reach to phones and tablets.

The platform will launch with over 100 national, regional and state channels across sports, news, children’s programming, education, entertainment and cultural content in Hausa, Yoruba, Igbo, Tiv, Ijaw, Edo, Fulfulde, Ibibio, Efik and Nupe – all in HD.

Crucially, the NBC has partnered with a Bulgarian firm, GARB (operating since 2006 and recognised by the European Broadcast Union), to deliver a 94 per cent-accurate audience measurement system using return-path data, app analytics, demographic panels, and Artificial Intelligence (AI).

To qualify broadcasters, must commit their channels, produce a minimum of 60 per cent local content, and promote FreeTV until January 2029.

After that, a regulated tiered rate card takes effect.

According to NBC, the strategic rationale is simple: build viewers first, monetise later.

The document further revealed that six regional production hubs in Lagos, Abuja, Port Harcourt, Enugu, Kano and Benin would function as local content factories, expected to generate 500 to 1,000 jobs per zone within two years.

 


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General News

FG New Approves Biometric Passenger Verification System for Airports Security

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Federal government has signed a concession agreement for the deployment of a contactless biometric passenger verification system across Nigeria’s domestic airports.

FG New Approves Biometric Passenger Verification System for Airports Security

The initiative, known as VPASS, is designed to strengthen aviation security, improve data integrity and boost revenue generation.

Festus Keyamo, minister of Aviation and Aerospace Development, said the agreement followed the concurrence of the Infrastructure Concession Regulatory Commission, the Attorney-General of the Federation and approval by the Federal Executive Council.

 

Keyamo said the system will eliminate discrepancies in passenger records, curb unauthorized boarding and ensure all domestic air travellers are properly identified, closing existing gaps in standard identification procedures.

 


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General News

STBMAN, NBC Bicker over Alleged Due Process Breaches

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Association of Licensed Set-Top Box Manufacturers of Nigeria (STBMAN) has waxed worriedly over the National Broadcasting Commission’s (NBC) repeated violations of due process in managing the country’s Digital Switch Over (DSO) project.

STBMAN, NBC Bicker over Alleged Due Process Breaches

In a statement released in Abuja, Sir Godfrey Ohuabunwa, chairman,  STBMAN, stated that the NBC’s actions are slowing down Nigeria’s transition from analogue to digital broadcasting and discouraging local investors who have committed resources to the project.

Ohuabunwa noted that Nigeria began serious discussions on DSO in 2008, yet 17 years later, the country has made little progress, while nations that once sought Nigeria’s assistance have completed their own transitions.

“STBMAN has repeatedly called for the protection of local manufacturers, strict compliance with the federal government’s White Paper on DSO, and full respect for the rule of law, but these calls have been ignored,” Ohuabunwa said.

The NBC’s alleged plan to import hybrid set-top boxes from China has been criticized by STBMAN, which says this move disregards the heavy investments already made by licensed Nigerian manufacturers and contradicts the President’s directive to prioritize locally made products.

“The manufacturers have invested in equipment, technology upgrades, and workforce training, expecting government support and policy stability,”he added.


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