How Can Anyone Compare NTA To CNN?

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A few hours ago,  the current Nigeria’s Minister of Information and Culture, Lai Mohammed said that with $500m loan he will transform Nigerian Television Authority (NTA) to Cable News Network (CNN)

Most people feel that NTA cannot change with the current crop of workers. Even with a billion dollars if they do not change the entire system, nothing will change.

This caused outrage online. See the reactions below:

Someone even said NTA cannot even compete with Emmanuel TV apart from the reach.

What’s your take? With $500m can NTA become the CNN of Nigeria?