Lai Mohammed Seeks Approval Of $500m Loan For NTA To Compete With CNN

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.

Naijaparry 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 ...