FG Proposes Low-Interest Loans for Media Organizations
FG Proposes Low-Interest Loans for Media Organizations
By Soni Daniel
Abuja – In response to the increasing costs of production, the federal government has announced plans to offer low-interest loans to media companies to help them remain operational.
Minister of Information and National Orientation, Mohammed Idris, revealed this initiative during a ministerial performance briefing celebrating the first year of President Tinubu’s administration.
The Bank of Industry (BOI) will oversee the provision of these loans to media organizations.
Idris stated, “We are fostering a supportive environment for all stakeholders in the media and information sector to prosper.
A significant development is President Tinubu’s directive for the Federal Ministry of Industry, Trade, and Investment, through BOI, to provide single-digit interest-rate loans to media firms in the nation.
Media practitioners are now encouraged to create viable proposals to benefit from this government-backed financing opportunity.”
TRENDING SONGS
Sanwo-Olu Tours Massive Tolu Education Hub Set to Transform Learning for 20,000 Lagos Students
Ghana Police Arrest 11 Nigerians in Tamale Crackdown on Drugs, Cybercrime
Malami Breaks Silence on INEC–ADC Dispute, Urges Calm Amid Political Tensions
£746m Nigeria–UK Deal Sparks Debate Over Ajaokuta Steel’s Future
FG Kicks Off 56km Ekiti–Osun Link Road to Boost Regional Trade
Tinubu Condemns Plateau and Kaduna Attacks, Calls for Urgent Action Against Violence
Tonto Dikeh Opens Up on Dark Past: From Cult Involvement to Spiritual Renewal
Alleged Truck Tampering Lands Lagos Man in Court Over Theft Claims
Senegal Tightens Anti-LGBTQ Laws, Doubles Prison Terms Amid Rights Concerns
Infantino Watches Iran Friendly Amid World Cup Venue Uncertainty
Share this post with your friends on 
