We are restructuring after FG’s delayed digitisation policy affected our investment

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DAAR Communications Plc News

Raymond Dokpesi Jr

Raymond Dokpesi Jr is the chairman of DAAR Communications Plc. In this interview, he talks about the ongoing restructuring in the company

and how the business environment has impacted the only listed media firm in the country and how the business environment has impacted the only listed media firm in the country.

So, we had a lot of plans for what we had hoped to achieve. Of course, the transition sends a lot of these things back and definitely in terms of going forward, we have to recognise a new order or how to move things forward. Everything that was there from the day he passed away is still there today. The stories of AIT, Raypower, and DAAR Communications and their contributions to the broadcasting landscape both in Nigeria and Africa are well-documented.

So, we are open to embracing new approaches, positioning ourselves, and taking our rightful place in the Nigerian media industry and entertainment landscape. We are competing in spaces that go and transcend beyond Nigerian boundaries and across technologies. So, we need to be able to adapt, position and come out of this phase as “the African voice” as far as content coming out of Africa is concerned. How do we position and shape for that are the things that we hope to put in place within the next few months to a year.

The time is right at this point for us to review where we want to go going forward. For me, and most of the members of our board, the decision comes down to whether we want to continue with our existing strategy or do something differently.

With the socioeconomic challenges facing the country, the Chartered Institute of Bankers of Nigeria said its forthcoming yearly banking and finance conference is expected to discuss the country's economic quagmire to achieve a sustainable economy.

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