NIGERIA: CREATING ENABLING ENVIRONMENT FOR THE GROWTH OF THE CREATIVE INDUSTRY

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The following are some of the recent initiatives of the Federal and Lagos state governments with respect to the growth of the film industry in Nigeria;

• At the beginning of the year, the Minister of Information and Culture, Alhaji Lai Mohammed led a team to the Governor of the Central Bank of Nigeria (CBN) to consider the possibilities of raising over $1Billion as intervention fund for the development of the industry. 

• Plans have been concluded to provide a $20 Million loan to build 100 cinemas all over the country. This was done by getting state governors involved in the development of the industry through the provision of incentives to support and encourage the growth of the industry.

• An anti-piracy task force committee had been set up to combat the adverse effects of piracy in the industry. 

• The Inspector General of Police has promised to set up an Intellectual Property Unit in each command in the nation.

• Lagos State Government is currently reconstructing the Badagry axis of the state where an International Film Village would soon emerge. 

News credit: Vanguard