Minister of Information and National Orientation, Mohammed Idris, has said that the Federal government is extending single-digit interest-rate financing to media organizations as part of President Bola Tinubu’s desire to support the industry to thrive.
Speaking at the ongoing Ministerial Sectoral Update to mark the first year of the Tinubu administration in Abuja, Idris observed that it is now incumbent upon media practitioners to develop bankable proposals to access this financing facility being offered by the Federal Government, and stressed the need for the media to take full advantage of the opportunity.
“We are also creating an enabling environment for all players and stakeholders in the media and information ecosystem to thrive,” Idris said.
“One highlight here is the recent directive by Mr. President 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.”
The Minister said the President has decided not to dwell on fanfare in his First Year but to fully be accountable to Nigerians by projecting the successes recorded in the Federal Government’s development objectives, known as the Renewed Hope Agenda.
He noted that the ministry is resolute in making sure that in communicating government activities, our watch word is to Restore Trust in public communication as we amplify policies and programmes of the President Tinubu administration.
Idris said the government has made efforts to ensure that the regular Briefing Series receives the widest possible coverage, through traditional and digital platforms with the objective to enlighten, inform and educate Nigerians and the world, and to ensure that everyone is carried along through the provision of detailed, relevant, credible and timely information.
The Minister urged members of the press, to report the Briefing Series objectively and responsibly, through their headlines and the narratives.
