By Akinsuroju Olubunmi
Media Boost: FG announces single-digit loan.
President Bola Tinubu has directed the Federal Ministry of Industry, Trade, and Investment, via the Bank of Industry, to offer single-digit interest financing to media organizations in Nigeria.
This announcement was made by the Minister of Information and National Orientation, Mohammed Idris, during the sectoral press briefings marking the first anniversary of President Tinubu’s administration. Idris emphasized the Federal Government’s commitment to creating a supportive environment for the media and information sectors.
Last week, Idris announced that instead of a ceremony to celebrate President Tinubu’s first year in office, ministers would conduct sectoral briefings to account for their stewardship. Speaking on Monday, Idris highlighted the administration’s focus on transparency and accountability, central tenets of the Renewed Hope Agenda.
“We are creating an enabling environment for all players and stakeholders in the media and information ecosystem to thrive. One highlight here is the recent directive by Mr. President to the Federal Ministry of Industry, Trade, and Investment, through the Bank of Industry, to extend its single-digit interest-rate financing to media organizations in the country,” Idris said.
He urged media professionals to take advantage of this financing opportunity, reinforcing the government’s commitment to rebuilding public trust in communication and effectively promoting its policies and programs.
Financing, Media
Media Boost: FG announces single-digit loan