The report that Information and Culture Minister, Alhaji Lai Mohammed, is seeking to get a $500 million loan to digitalise the Nigerian Television Authority (NTA), and bring it up to the standard of Cable News Network (CNN) that got him trending on Monday on Twitter may not be true after all.

Although, the minister indeed wants approval of a $500 million by the National Assembly during his appearance before the Senate Committee on Local and Foreign Loans to defend the loan the ministry applied for from President Muhammadu Buhari’s $29.96 billion loan for funding infrastructure in the country, only $11 million is meant for the digitalization of NTA.

$245 million would be spent on establishing the media and culture industry centre and the remaining amount for integrated television services to infuse on network.

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https://www.immonaija.com.ng/2020/02/nta-as-cnn-lai-mohammeds-tall-ambition.html