Media Organisations To Get Single-Digit Interest Loan – FG

The Minister of Information and National Orientation, Mohammed Idris has disclosed that President Bola Tinubu has directed the provision of a single-digit interest loan for financing to media organisations in the country.

The Minister who disclosed this on Monday during the sectoral press briefings, said the directive was given by Tinubu to the Federal Ministry of Industry, Trade and Investment, through the Bank of Industry.

Idris said the Federal Government remained dedicated to fostering a supportive environment for the media and information sectors.

READ: You Did Not Fare Better, APC Attacks Obasanjo For Criticising Tinubu’s Reforms

He stressed the administration’s commitment to transparency and accountability, which, he said, were central to the Renewed Hope Agenda.

“We are creating an enabling environment for all players and stakeholders in the media and information ecosystem to thrive.

“One highlight here is the recent directive by Mr. President to the Federal Ministry of Industry, Trade, and Investment, through the Bank of Industry, to extend its single-digit interest-rate financing to media organisations in the country.

“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.