NTA will compete with CNN, if we get $500m loan- Lai Mohammed

Lai Mohammed, Nigeria’s Minister of Information, has stated that the Nigeria Television Authority (NTA) will compete with the likes of Cable News Network (CNN) if the $500 million mortgage his ministry is searching for for is authorised.

According to The Guardain, the Minister said this whilst he appeared earlier than the senate committee on local and foreign loans to speak at the importance of the $500 million which is part of the $30 billion mortgage President Buhari is asking the countrywide assembly to approve.

The Minister explained that if the fund was authorised, the NTA might be upgraded to enable it to send out alerts that might be at par with CNN, including that Nigeria has the manpower to achieve this feat

“If this project is authorized, there might be extra visibility for our human beings in the music, fashion and movie industries. In 2014, we made $23 million from tune alone and about $fifty three million in 2019 and we are searching ahead to creating $eighty three million in 2025.

You can consider the kind of boom we will have if handiest we digitise all of the NTA stations within the us of a.” he said

The minister also stated the creative industry is a prime agency of the adolescents.

“Apart from agriculture, which is the most important corporation of labour in Nigeria, especially the youths, the following biggest business enterprise of labour is the innovative industry,” he stated.

“The International Telecommunication Union (ITU) in 2006 gave June 17, 2015 as cut-off date for all individuals of the company emigrate from analogue to virtual.

“Regrettably, we were not able to meet the deadline along-aspect most countries in sub-Saharan Africa, the closing date changed into moved to 2017, which become now not reliable and today the target is June 17, 2020.” he stated

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