NTA Go Compete With CNN, If We Get $500m Loan- Lai Mohammed

Lai Mohammed, wey bi the Minister of Information for Naija , don yarn say the Nigeria Television Authority (NTA) go compete with others like Cable News Network (CNN) if the $500 million loan wey his ministry dey seek for is approved.

Tori from The Guardain, yarn say the Minister yarn this tori when he appear before the senate committee on local and foreign loans to speak on the importance of the $500 million wey bi part of the $30 billion loan President Buhari dey ask the national assembly to approve.

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

You can imagine the kind of growth we will have if only we digitise all the NTA stations in the country.”

“Apart from agriculture, which is the largest employer of labour in Nigeria, especially the youths, the next largest employer of labour is the creative industry,”

“The International Telecommunication Union (ITU) in 2006 gave June 17, 2015 as deadline for all members of the organisation to migrate from analogue to digital.
“Regrettably, we were unable to meet the deadline along-side most countries in sub-Saharan Africa, the deadline was moved to 2017, which was not reliable and today the target is June 17, 2020.”

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