As a way of showing concerns and proffering possible relief on the high cost of media production inputs, the federal government plans to support interested media houses with single-digit loans to keep them in business.
The Minister of Information and National Orientation, Mohammed Idris, announced the intervention at the ministerial performance briefing to mark the first year of the Tinubu administration in office.
According to the minister, the proposed loan for media establishments is being coordinated by the Bank of Industry (BOI).
Idris said: “We are also creating an enabling environment for all players and stakeholders in the media and information ecosystem to thrive.
Also Read:
- Nigerian military, Briech unveil first indigenous attack drones, bombs
- Edo: Okpebholo extends olive branch to Ighodalo after tribunal victory
- Ighodalo heads to Appeal Court as tribunal affirms Okpebholo’s victory
- Orchestration against Aisha Achimugu: A classical betrayal of justice, womanhood, and nationhood, by Binta Adeshola
- Governor Eno inaugurates agriculture, food security committee
“One highlight here is the recent directive by Mr. President to the Federal Ministry of Industry, Trade and Investment, through the Bank of Industry (BOI), to extend its single-digit interest-rate financing to media organizations in the country.
“It is now incumbent upon media practitioners to develop bankable proposals to access this financing facility being offered by the Federal Government.”
Follow The Eagle Online Channel on WhatsApp
