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FG Announces Single Digit Interest Rate Financing For Media Organizations
The Federal Government of Nigeria has announced the extension of single digit interest rate financing to media Organizations through the Bank Of Industry.
This was confirmed on Monday in Abuja at the Ministerial Sectoral Update to mark the first year of the Tinubu Administration.
The statement on FG approval for single digit interest loan was made by the Minister of Information and National Orientation, Mohammed Idris.
Mohammed Idris explained that President Tinubu is concerned about the improvement and growth of the media hence his desired interest to support indigenous media organizations.
Speaking at the ministerial sectorate update in Abuja, the Special Assistant on Media to the Minister of Information and National Orientation, Rabiu Ibrahim stated that FG is creating an enabling environment for all players and stakeholders in the media and information ecosystem to thrive.
He further explained that President Tinubu has issued a directive to the Federal Ministry of Industry, Trade and Investment, through the Bank of Industry (BOI), to extend its single-digit interest-rate financing to media organizations in the country.
