The Minister of Information and Culture, Lai Mohammed stated this during a Senate hearing on monday. He expressed that if the request is granted it will make the media house compete with the likes of CNN.
Reacting to this new development, Reno expressed that the loan is dubious. He went further to express that NTA is not worth the amount to be borrowed.
See his post below:
General @MBuhari wants to borrow $500 million to digitalise NTA. The whole of NTA is not worth $500 million. @AlGore’s TV station, which is bigger than NTA, was sold to @AlJazeera for $500 million. It is you and your kids that will pay this dubious loan!https://t.co/1JP14tmgb0
— Reno Omokri (@renoomokri) February 10, 2020