Digital Migration

Nigeria: Information Ministry Applies For $500m Loan To Digitise NTA Stations - Reports

Lai Mohammed, Nigeria’s Minister of Information and Culture, has revealed that the ministry has applied for a loan of $500 million to enable it to action the digitalisation of Nigerian Television Authority (NTA) stations across the country.

He said that the loan, when approved and disbursed, would also be utilised to improve the creative sector in the country.

Mohammed made this announcement when he spoke before the Senate Committee on Local and Foreign Debts to defend the ministry’s external borrowing plan.

He said that the funds would help improve Nigeria’s creative industry through the creation of 100,000 additional jobs for youths within the creative space.

Mohammed also said that the fund would assist in the establishment of a new Media and Cultural Training Centre and would ensure digital coverage in all of Nigeria’s villages which would create new jobs.

The minister said that the ITU had given a dateline for countries to migrate from analogue to digital TV broadcast. He added that the media and culture training centre would help to train Nigerian filmmakers and broadcasters to generate revenue for the nation.

Mohammed said that the digitalisation of the NTA stations would help improve the content and quality of Nigeria’s TV programmes.

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