The presidency has revealed why single-digit interest-rate financing was extended to media organisations across the country. The Minister of Information and National Orientation, Mohammed Idris, said President Tinubu’s desire to support the media to thrive informed his decision to extend single-digit interest-rate financing to media organisations in the country. The Special Assistant (Media) to the Minister of Information and National Orientation, Rabiu Ibrahim, revealed this in a statement on Monday. He said, “We are also creating an enabling environment for all players and stakeholders in the media and information ecosystem to thrive. 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.

Source: Punch May 27, 2024 21:58 UTC