Nigerians criticise Lai Mohammed over planned loan to ‘upgrade’ NTA

Nigeria’s Minister of Information and Culture, Lai Mohammed, has been criticised by Nigerians after he made public his intentions to secure a loan that would help upgrade the nation’s “broadcasting infrastructure” and also NTA to the likes of the American news network, CNN.

The minister disclosed his intentions when he appeared before the Senate Committee on Local and Foreign Loans, chaired by Clifford Ordia, to defend the borrowing plan of his ministry.

The ministry is applying for a $500 million loan as part of the $29.96 billion loan requested by President Muhammadu Buhari in the External Borrowing Plan (2016 to 2018) for Infrastructure development in the country.

According to a report by The Guardian, the minister said if the fund was approved, the NTA could be upgraded…

Read All From Original Article on Premiumtimes

%d bloggers like this: