MEDIA ORGANISATIONS TO ENJOY FINANCING AT SINGLE-DIGIT INTEREST RATES- FG. (PHOTO). #PRESS RELEASE

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 Media Organisations to Enjoy Financing at Single-Digit Interest Rates - FG  President Bola Ahmed Tinubu has directed the Federal Ministry of Industry, Trade and Investment, through the Bank of Industry (BOI), to extend its single-digit interest-rate financing to media organizations in the country. The Minister of Information and National Orientation, Mohammed Idris stated this in Abuja on Wednesday when he received members of the Independent Broadcasting Association of Nigeria (IBAN) on a courtesy visit to his office.   According to the Minister, the gesture is in keeping with the administration’s resolve to create an enabling business environment for the media to operate in Nigeria. “Let me say that the Federal Ministry of Information and National Orientation under my leadership, as part of our five pillars, will support all media platforms in this country, whether they are public or private. “I can tell you that the President has directed the Federal Ministry of Industry, Trade and
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ABEOKUTA EXPLOSION: OGUN GOVT SEALS GAS COMPANY. (PHOTO). #PRESS RELEASE.

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 Abeokuta Explosion: @ogsgofficial Seals Gas Company 


Ogun State Government has sealed off Gasco Marine Ltd, the company whose truck was involved in an accident that caused explosion in the Ita-Oshin area of Abeokuta North Local Government Area on Saturday.


Speaking in an interview after sealing off the premises of the company located at Onijoganjogan, Abeokuta, the Senior Special Assistant to the Ogun State Governor on Environment and Chairman, Special Task Force on Environmental Matters, Hon. Farouq Akintunde said the accident occurred due to the negligence of the company.


He said: “Two days ago, Ogun State was in a tumult with the news of fire incident that occurred around Ita-Oshin. We can authoritatively confirm that the truck that was involved in that fire is from this company.


“It was a sorry case because it involved loss of life and destruction of properties. Our preliminary investigation shows that it is an act of negligence from the company as they did not do the needful as regards the truck.


“As a regulatory body which is in control of all these matters, we believe there is a need for us to conduct safety and audit tests on all their trucks to prevent future occurrence. In doing so, we have to shut down the premises and after that all other procedures will follow.”


Akintunde said the company would be unsealed as soon as all necessary steps and precautions have been put in place, maintaining that as a business-friendly state, the government does not take joy in sealing business premises perpetually.

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