Minister of Information and Culture, Lai Mohammed, is seeking for the approval of N181.5 billion ($500 million) credit facility from President Muhammadu Buhari.
The loan, according to Mohammed, will enable the Nigerian Television Authority (NTA) compete with the likes of Cable News Network (CNN).
While defending the loan request before the senate committee on Local and Foreign Loans, the minister explained that there is no better time for NTA to digitize its operations.
“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 alongside 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 stated.
On how the loan will be deployed, the minister explained that the loan is aimed at establishing the media and culture industry centre, digitize all NTA stations, and at the same time construct integrated television services to infuse on network, which is the signal distributor and essential component of the digitization project.
Mohammed restated the need for the country to meet the new deadline, saying if the world migrates from analogue to digital and Nigeria remains analogue, it means the country would be unable to enlighten, entertain and educate Nigerians.
The minister further stressed that Nigeria has the manpower and technology to operate on a global scale, as he said the creative industry was not just about television alone, but film, music, fashion and photography.
According to him, the creative industry employs no fewer than one million young persons directly and indirectly.
Mohammed said, “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 digitize all the NTA stations in the country.”
The minister maintained that the project for which the Ministry of Information and Culture planned to borrow the loan, is about employment and revenue generation, as he said the industry contributes 1.492 to the nation’s Gross Domestic Product (GDP).
BREAKING!: Lagos Airport Hotel on fire
Another fire outbreak has been confirmed in Lagos at the popular Lagos Airport Hotel.
The incident happened on Thursday evening.
Firefighters and other emergency responders are battling with putting off the inferno as at the time of filing this report.
COVID-19: We Will Deal With Officers Violating IG Orders
The Oyo state Police headquarters PPRO, SP. Fadeyi Olugbenga made this known in a telephone chat with our correspondent said “Our men had been thoroughly warned and lectured, their deployment is not based to go and extort, they are to carry out their lawful duties and make sure they enforce and at the same time secure the lives and properties of the people”.
S.P Olugbenga also warned that any Officer doing otherwise is doing that at his own peril. Violators of Inspector General of Police orders will be seriously dealt with in line with police regulations.
We check officers by using a mechanism of routine check, where senior officers go round to see what the officers are doing and also see to the level of public compliance. Though encouraging, but still have some recalcitrants.
Members of the public are advised to call our control room members been circulated in the public to complain any grievances.
In his view, Oyo state police command has been carrying out sensitization programmes to educate the public on the need to obey government directives and maintain law and order.
“Please stay at home, only people on essential duty are expected to be out”.
According to the directives of the IG, we are not ready to retain people unnecessarily but we do arrest on Important purposes.
He however enjoined the public to report officers violating them with a promise to take proper action but plead the public to obey the rules and regulations put in place to collectively win the war against Coronavirus pandemic.
He assured that Nigeria Police in collaboration with other security agencies are working hard to ensure a peaceful society.
BREAKING! Accountant-General of the Federation’s office on fire
Office of the Accountant-General of the Federation on Wednesday was gutted with fire.
The Root Media gathered that the building, also known as “Treasury House” is located beside the Federal Capital Territory FCT Police Command in Garki, Abuja.
It was gathered that the fire started from around the third floor, razing the building upwards including the Accountant General’s office and most of the important offices.
The cause of the fire was not immediately known even as workers are currently at home observing.
However, a combined team of men of the Federal and FCT Fire Services, as well as other security operatives, have to a large extent contained the fire.