Megalectrics has recently declared a temporary suspension of its radio stations, namely The Beat 97.9FM and Naija FM 102.7FM, located in Ibadan.
Christopher Ubosi, the chief executive officer of Megalectrics, released an official statement on Thursday, explaining that the decision to temporarily close these stations is a response to the challenging economic circumstances currently affecting the nation.
Nevertheless, it’s worth noting that Megalectrics’ radio stations in Lagos, Port Harcourt, Abuja, and London continue to operate at full capacity without interruption.
Ubosi said the temporary closure of the two stations would allow the company to regroup, restructure, and emerge stronger, providing an even better experience for “our valued staff, clients, and the loyal listening public”.
He said: “Megalectrics understands the profound impact that Beat and Naija FM have had on the vibrant city of Ibadan.
“Over the years, these stations have become an integral part of the local culture, offering unparalleled entertainment, music, and news.
“We recognise the immense support we have received from our dedicated staff, esteemed clients, and the general public, and we are committed to honouring their unwavering loyalty.
“Megalectrics would like to extend our deepest gratitude to our valued staff in Ibadan, who have played an instrumental role in making The Beat FM and Naija FM the successful platforms they are today.”
Ubosi noted that public trust in them “had been the driving force behind our success” and that the organisation remains committed to maintaining open lines of communication, “as we work together to create innovative solutions that will benefit all parties involved”.
He added that they were hopeful that the hiatus would be temporary, and they were working diligently to ensure that when they return, they would exceed expectations.
