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You are at:Home»News»Media Can Now Access Bank of Industry Funds at Single-Digit Interest Rate – Tinubu

Media Can Now Access Bank of Industry Funds at Single-Digit Interest Rate – Tinubu

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By Medalinks News on November 7, 2024 News

President Bola Ahmed Tinubu announced that under his administration’s Renewed Hope agenda, media organizations can access funds from the Bank of Industry at a single-digit interest rate to support development and business expansion.

Tinubu’s message was delivered by the Minister of Information and National Orientation, Alhaji Mohammed Idris, during the All Nigerian Editors Conference held in Yenagoa, Bayelsa State, on Thursday.

Tinubu commended the media’s essential role in Nigeria’s democratic journey, acknowledging their steadfast contributions over the past 25 years. 

Reflecting on his own participation in the pro-democracy movement, Tinubu highlighted the media’s instrumental role in Nigeria’s democratic legacy.

“In any thriving democracy, the roles of government and media are intertwined, both essential in serving the public interest,” Tinubu stated. 

He emphasized the media’s duty to hold officials accountable, urging that this be done through cooperation rather than opposition, which he said can foster transparency, accountability, and respect.

The conference theme, “Economic Growth and Development Strategies in a Resource-Rich Country,” underscores Nigeria’s focus on sustainable development, an objective the President stated requires a collaborative government-media relationship.

 Tinubu reiterated the government’s commitment to working alongside the media to strengthen democratic institutions and build a resilient society.

Tinubu
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