Twitter is currently abuzz over a $500 million loan request which the ministry of information under Lai Mohammed is seeking.
When he appeared before the senate committee on local and foreign loans on Monday, the minister had reportedly said if the loan is approved, the Nigerian Television Authority (NTA) would compete favourably with Cable News Network (CNN).
The $500 million is part of the $30 billion loan President Muhammadu Buhari is asking the national assembly to approve.
Mohammed’s comment has attracted different reactions. Below are some tweets:
“Please we don’t want NTA to compete with CNN now. The private media houses should do the competition. $500m loan will grow wing and disappear into people’s bank account. And Nigeria will end up using her lean resources to investigate and prosecute those that will loot the money,” Mazi Chux tweeted.
I totally agree with Lai Mohammed that NTA would compete with CNN .Is it not the same Lai Mohammed that said we would fight Israel ? 😂
Let’s start by changing the soundtrack of Network news
what’s pa pa pa…pa pa pa pa . Pararaan pararraaaann … para pa pa pa Pam . Param Pam— Hero Daniels🇳🇬 (@hero_daniels) February 10, 2020
Apart from reach, i promise you that NTA cannot even compete with Emmanuel TV.
Lai Mohammed should sit!
— the Morris Monye factor (@Morris_Monye) February 10, 2020
Trying to think of a more wasteful use of a half-billion dollar loan i.e. $500,000,000 (do you know the ‘is equal to’ of this huge sum?) that will have to be paid back, than throwing it into the NTA.
Whoever is planning to lend that money to the NTA: examine them well o!— Ayo Obe (@naijama) February 10, 2020
Please we don’t want NTA to compete with CNN now. The private media houses should do the competition. $500m loan will grow wing and disappear into people’s bank account. And Nigeria will end up using her lean resources to investigate and prosecute those that will loot the money.
— Mazi Chux (@DeOdoemson) February 10, 2020
Would the competition include ‘presidential bashing’? https://t.co/o0vilSm720
— Mike Asukwo (@Asukwoeb) February 10, 2020
This poeple are fooling us oo
Is the whole of NTA worth $500m. Who’s watching @NTANewsNow?
I could recall then when @AlJazeera_World bought a certain tv station far bigger that @NTANewsNow for $500m. Why are they enslaving Nigeria feature generation? https://t.co/sOPRQi5tjW— GOOD LUCK 2020 (@ChimezieGoodlu8) February 10, 2020
With the same old school mentality nothing will change.. especially that jingle..I don’t even know if it was vuvuzuela they were playing gan koyemi rara https://t.co/GZdTMUYcMv
— MARK ‘Dsoulja OTABOR (@MarkOtabor) February 10, 2020
Let’s plunge us into more debts,who cares. It’s all about gang raping the economy. https://t.co/0lwQfu1UaW
— Sean21 (@fatilewaseun) February 10, 2020
Compete with who? Chihuahua National News? Chocolate Nuts News? Control Number News? Which CNN mate? https://t.co/OWGnAAXiet
— Imoh (@ImohUmoren) February 10, 2020
Loan when Una go loot 😂😂 https://t.co/DtSCzlS35j
— Hoeliest of hoelies (@Eonyeche) February 10, 2020
Did uncle Lai Mohammed just request for $500m loan to transform NTA to Cable News Network like CNN?? 😂😂
This man must be a #Joker pic.twitter.com/GZ0ZM8x2be
— Professional beggar (@Sheddi_younG) February 10, 2020
The moment i saw Lai Mohammed trending,i knew he must av dropped another “Punch Line”
— B-Anaga (@anaga_banner) February 10, 2020
ENDAlhaji Lai Mohammed is about to loot $500 million.
NTA can never be better than any private TV station with the current crop of Workers.
They’re grossly incompetent, even with $2billion it would still be a waste.
Many of them got the job through backdoors.pic.twitter.com/nxy9NJpsMC— Anambra 1st son💭 (@UchePOkoye) February 10, 2020
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