{"id":23549,"date":"2022-05-08T14:55:46","date_gmt":"2022-05-08T14:55:46","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=23549"},"modified":"2022-05-08T14:55:46","modified_gmt":"2022-05-08T14:55:46","slug":"fg-has-taken-measures-to-boost-nigerian-film-industry-lai-mohammed","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/05\/08\/fg-has-taken-measures-to-boost-nigerian-film-industry-lai-mohammed\/","title":{"rendered":"FG has taken measures to boost\u00a0Nigerian film industry \u2013 Lai Mohammed"},"content":{"rendered":"<header class=\"entry-header\" aria-label=\"Content\">\n<p class=\"entry-title\">The Minister of Information and Culture, Alhaji Lai Mohammed, says the Federal Government has taken series of actions to boost Nigerian film industry.<\/p>\n<\/header>\n<div class=\"entry-content\">\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Mohammed made this known at the closing ceremony and Award Night of a seven-day Zuma <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2021\/12\/11\/film-festival-iom-sensitise-nigerians-on-implications-of-migration\/\"><strong>Film Festival<\/strong><\/a> in Abuja.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">According to him, \u201cthe trajectory of the Nigerian film industry has been of great concern for us in this government, and this explains the series of actions we have taken to boost the industry\u201d.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cI will just touch on a few of such actions: I led a team to the Central Bank of Nigeria (CBN) to make a case for single digit financing, and this has resulted in the Creative Industry Financing Initiative by the banks and CBN.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\n<div dir=\"auto\">\u201cWe have also continuously made it clear to the international streaming companies that they must increase their local investment, including opening offices and increasing the local content on their platforms, if they wish to do business in Nigeria.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cIn the wake of COVID-19, we have come up with a comprehensive report and made such available to development banks like Afreximbank, Nigerian Sovereign Investment Authority (NSIA), so that they can better understand the sector and invest in distribution and production companies,\u201d minister said.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Lai Mohammed noted that the Ministry had partnered with the CBN and the Bankers Committee on the renovation of the National Theatre at a cost of 100 million dollars to boost the exhibition revenues of the film industry.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cThis is important because the iconic<\/div>\n<div dir=\"auto\">National Theatre was conceived as the hub of the creative industry in Nigeria.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cIts renovation and the addition of four new hubs, including an international film production facility, will cover production and post-production.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cThese will signify the restoration of the power of the industry and its preparation to play huge roles for Nigeria into the future,\u201d he said.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The Managing Director of Nigerian Film Corporation (NFC), Dr Chidia Maduekwe, restated the corporation\u2019s commitment to better the nation\u2019s creative industry through the promotion and growth of film production and cinema activities.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Maduekwe said that government remained committed to promoting the growth of the film sector by massively undertaking the required major policy decisions.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cFilm works must be protected. As a creative and an export commodity, owners must earn income \u2013 money. The various government funding and support windows have been strengthened.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cThe Bank of Industry and Nexim Bank have continued to deliver in supporting the sector.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cThe corporation is delivering on intentional co-production of treaties that will create the foreign investment and wealth windows for Nigeran film makers,\u201d NFC chief said.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">According to him, NFC intends to sustain its various interventions in the creative sector.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cAs we have come to the climax of Zuma film festival which has been listed on the global film platform of the lnternational Federation of Film Producers Association, we must deliberately resolve to sustain the recognition of excellence and creative performance.\u201d<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Also, Mr Olusade Adesola, the Permanent Secretary, Federal Capital Territory (FCT), said the FCT Administration would partner with NFC in the hosting of Zuma Film Festival for ten years, with Abuja designated as the official host city.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Adesola added that Abuja, as the host city, would ultimately become the pre-eminent film and tourism destination in Nigeria and Africa.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">He called on Nigerians to invest in creative industry as the FCT Administration was working assiduously to improve Abuja film village.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The News Agency of Nigeria (NAN) reports that out of over 3,000 film entries screened by Jury Committee headed by Prof. Omatsola Daniel, 12 won the awards.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The award winners include Hilda Dokubo, Prof. Bankole Sodipo, Chief Adebayo Salami, Prof. Kalu Uka, Malam Sule Umar, Justus Esiri and Ashley Chijioke.<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Minister of Information and Culture, Alhaji Lai Mohammed, says the Federal Government has taken series of actions to boost Nigerian film industry. Mohammed made this known at the closing ceremony and Award Night of a seven-day Zuma Film Festival in Abuja. According to him, \u201cthe trajectory of the Nigerian film industry has been of [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":23579,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[17],"tags":[181,2282,5000],"class_list":["post-23549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-federal-government","tag-lai-mohammed","tag-nigerian-film-industry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FG has taken measures to boost\u00a0Nigerian film industry \u2013 Lai Mohammed &#187; BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/05\/08\/fg-has-taken-measures-to-boost-nigerian-film-industry-lai-mohammed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FG has taken measures to boost\u00a0Nigerian film industry \u2013 Lai Mohammed\" \/>\n<meta property=\"og:description\" content=\"The Minister of Information and Culture, Alhaji Lai Mohammed, says the Federal Government has taken series of actions to boost Nigerian film industry. 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