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Nigerians React As Lai Says NTA will Compete With CNN Soon



Lai Mohammed Warns Atiku, PDP

Nigeria’s Minister of Information, Alhaji Lai Mohammed says the Nigeria Television Authority (NTA) will compete favourably with the likes of Cable News Network (CNN) if the $500 million loan his ministry is seeking is approved.

The Minister was quoted by The Guardian to have said this when he appeared before the senate committee on local and foreign loans.

Naija News understands the $500 million loan request is part of the $30 billion loan request sent to the National Assembly for approval by President Muhammadu Buhari last year.

The Minister said with the financial backing, NTA will be able to invest on digitalized equipment and necessary manpower.

“If this project is approved, there will be more visibility for our people in the music, fashion and film industries,” he said.

“In 2014, we made $23 million from music alone and about $53 million in 2019 and we are looking forward to making $83 million in 2025.

Meanwhile, the statement of the minister has generated several reactions. Here are the reactions as follows


Source: Naija News

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