FBC CEO clarifies loan issue
July 26, 2015 7:18 pm
Fiji Broadcasting Corporation chief executive, Riyaz Sayed-Khaiyum says the Fiji Development Bank $21.5 million loan was used to upgrade the building, install brand new equipment for radio and start up FBC TV.
Sayed-Khaiyum says FBC was a state-run broadcaster until 1998 when it became a government-commercial company.
He told FBC TV 4 the Record programme last night the government provides $2.9 million to FBC annually to produce local programmes but this is not enough.
“If we are to continue to produce good programs, acquire good programs from overseas it will cost money and eventually we’re going to reach a stage where we’re going to say look we really can’t continue to do this because we need more money.”
Sayed-Khaiyum says annual power and transmission for Television and radio is $800,000 a year to ensure that FBC reaches more Fijians as per a directive by government.