University Press Sees Future in e-Book Publishing, But Identifies Key Threats

November 9, 2020
university press plc ibadan

By Modupe Gbadeyanka

The book publishing business in Nigeria has not been profitable lately and the reason for this has been identified by the Managing Director of University Press Plc, Mr Samuel Kolawole.

University Press is one of the major publishers in the country. It commenced operations in Nigeria as an arm of the British Oxford University Press in 1949 with the name Oxford University Press (OUP) Nigeria.

At the 42nd Annual General Meeting (AGM) University Press in Ibadan, Oyo State last week, Mr Kolawole, blamed activities of amateurs for the bastardisation of the publishing sector in Nigeria.

He also knocked the Nigeria Educational, Research and Development Council (NERDC) for not putting systems in place to checkmate the industry, saying it has now become an all-comer affair.

“The rules are there, when you produce a book in Nigeria you’re supposed to get a certification from the Nigeria Educational, Research and Development Council (NERDC) but not many so called publishers would do it.

“It is the responsibility of the NERDC to monitor the books in circulation to ensure that books that have not gone into certification are not allowed in the market.

“So, the regulatory authorities have the responsibility to certify good quality books and should also be able to enforce the good quality books in schools so that books that have not gone through their process of certification and met the standards are not allowed to be sold in schools,” the University Press boss lamented.

Mr Kolawole expressed confidence that if the regulatory bodies and state governments ensure that only quality books are in circulation in Nigeria through adherence to standards and certification, amateurs, who do not care about standards, would be chased out of the ecosystem.

He, however, called on the state ministries of education to scrutinise the books they recommend to schools, noting that the Nigeria Publishers Association was making efforts to ensure that its members meet the minimum requirements for good quality books.

Speaking on the performance of the company in the 2019 fiscal year, Mr Kolawole informed shareholders that although the sales of primary and secondary schools dropped in the course of the year below what they were before, they were still higher than the books it sold for the tertiary level.

“This shows us that there is an opportunity in that area and we will continue to explore it, while we also improve on the primary and secondary schools segment which have been our major backbone in terms of turnover and performance,” he added.

He noted that the future is in e-book publishing as shown by the COVID-19 pandemic, but stressed that the major challenge of infrastructure amongst other uncertainties in the future would remain.

“The COVID-19 pandemic has brought to the fore the need to diversify but challenges such as infrastructure, among other things, would remain into the post COVID era and also leveraging on technology so that the sector is better positioned whenever such occasions arise,” he said.

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

Leave a Reply

CARMA
Previous Story

CARMA to Expand Credit Lending Capacity to Nigeria

Access Bank Logo
Next Story

Access Bank Invests in Technology to Boost Nigeria’s Economy

Latest from Economy

Don't Miss