The federal government has approved single-digit interest loans for all media organisations in furtherance of efforts aimed at fostering a supportive environment for the media and information sectors.
Consequently, President Bola Tinubu has directed the Federal Ministry of Industry, Trade and Investment, through the Bank of Industry, to work out the modalities to make the financing available to interested organisations.
Minister of Information and National Orientation, Mohammed Idris, made this known during the sectoral press briefings to mark the first anniversary of President Tinubu’s administration.
“It is now incumbent upon media practitioners to develop bankable proposals to access this financing facility being offered by the Federal Government, and I hope that you, the media, will take full advantage of this great opportunity,” he said.
The minister urged media professionals to seize the financing opportunity, reinforcing the government’s resolve to rebuild public trust in communication and effectively promote its policies and programmes.
