Campus broadcast is a form of community broadcasting that aims to reach a limited environment known as the community. Campus broadcasting is commonly operated as a radio house where student journalists often get their practical exposure in broadcasting. This study investigated the operational bases and functionality of campus broadcasting and the prospects of student journalists in Nigeria, using OkoPoly Radio FM as a case in point to ascertain the level of students' involvement in the operation of the radio studio as well as their performances. In this study, the researchers made use of development media theory which sees the media as a pivot for national development in developing countries. The study was anchored on the survey research method and the instrument for data collection was a well structure questionnaire that was designed to elicit a response from 356 respondents who got copies of the questionnaire through a face-to-face approach. Data collected was presented using a frequency table with analyses for proper understanding. The findings revealed among others that student journalists were not fully involved in the operation of campus broadcasting for fear of mishandling the instruments as most of them are very expensive. The researchers, however, concluded that campus broadcasting in most cases is not giving the students full access to broadcast operations which is the main reason for its establishment rather there as a requirement for passing accreditations when the need arises. The researchers, therefore, recommended among other things that campus broadcasting which is a student-oriented broadcast outfit should be operated fully by the students under the guidance of the studio technologists as this will help the students acquire the necessary practical knowledge in broadcasting.