Lai Mohammed, Nigeria’s Minister of Information, has said that the Nigeria Television Authority (NTA) will compete with the likes of Cable News Network (CNN) if the $500 million loan his ministry is seeking for is approved.
According to The Guardain, the Minister said this when he appeared before the senate committee on local and foreign loans to speak on the importance of the $500 million which is part of the $30 billion loan President Buhari is asking the national assembly to approve.
The Minister explained that if the fund was approved, the NTA could be upgraded to enable it to send out signals that would be at par with CNN, adding that Nigeria has the manpower to achieve this fea.
“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.” he said
The minister also said the creative industry is a major employer of the youth.
“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,” he said.
“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.” he said
40-year-old man dies in Anambra hotel after taking suspected sex enhancement drug
A 40-year-old man, Paul Okwudili, died in Plus View Hotel Onitsha, Anambra state over the weekend after allegedly taking suspected...
SARS official slumps and dies inside his office in Lagos
An Assistant Superintendent of Police (ASP), Christopher Akpan, attached to the Special Anti-Robbery Squad (SARS) Lagos State Command, has died...
Nigerian man who waited for 23 years to become a father, dies 7 months after welcoming a set of twin boys
A Nigerian man, Tony Abayomi Alder, who waited for 23 years to become a father, has died 7 months after...
‘I didn’t commit fraud on American soil, FBI searched my phones and laptops illegally’ – Obinwanne Okeke tells US court
32-year-old CEO of Invictus Group and Forbes-rated young Nigerian billionaire, Obinwanne Okeke who is facing two counts of computer and...
‘Many women are unmarried because they can’t find a rich man’ – Reno Omokri
Reno Omokri has taken to his Twitter account to pen down his opinion on the reason why most women remain...
Celebrity Gist1 day ago
Don Jazzy, Ice prince React as Rema Shows off his expensive car
Celebrity Gist2 days ago
Tacha ships her expensive Benz to the UK for use
Entertainment News2 days ago
Davido reacts after Man claimed he might lose his son, Ifeanyi according to Igbo tradition
Entertainment News2 days ago
Davido restore friendly relations with the journalist he slapped at Airport
Entertainment News21 hours ago
Photos and videos from Adesua Etomi’s birthday party
Celebrity Gist20 hours ago
Denrele Edun Reveals Why He Keeps Visiting Goldie’s Grave 7 Years After Her Death
Entertainment News19 hours ago
Naira Marley shares a video of him having a good time with Tyson Fury
Sport21 hours ago
Deontay Wilder rushed to the hospital after brutal defeat to Tyson Fury