President Bola Ahmed Tinubu has directed 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.
The Minister of Information and National Orientation, Mohammed Idris stated when he received members of the Independent Broadcasting Association of Nigeria IBAN, on a courtesy visit to his office.
According to the Minister, the gesture is in keeping with the administration’s resolve to create an enabling business environment for the media to operate in Nigeria.
He therefore urged the IBAN members to develop bankable proposals to access the financing facility being offered by the Federal Government.
The Minister advised the private broadcasters to key into the Compressed Natural Gas CNG, Initiative of the Federal Government to bring down the cost of their operations through cheaper access to energy.
