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Tuesday, July 17, 2018

FG determined to transform creative industry into creative economy - ITREALMS Online

The Federal Government (FG) has reiterated determination to transform the nation’s creative industry into creative economy, reports ITRealms.

Speaking at the 2018 Creative Nigeria Conference in Lagos, the Minister of Information and Culture, Alhaji Lai Mohammed, said assured that Buhari administration remains dogged in its determination to grow the Creative Industry and turn it into a Creative Economy.

He told participants at the 2018 Creative Industry Summit, with the theme: ''Content - The Future of Nigerian Film and Television in a Digital Era'' that the summit has thus become an annual event designed to bring together international and indigenous experts, thought leaders, key players and renowned professionals from the entertainment and media industry, to examine and exchange ideas and innovations, to create sustainable solutions to challenges and harness the full potential of the Nigerian film and television industry.

The two-day summit, he noted was put together by Think Tank Media and Advertising Limited, in conjunction with the Federal Ministry of Information and Culture, was borne and executed out of a desire to urgently transform the Film, Television and Music sectors into a well-structured industry.

The first edition, he said, achieved some milestones, including sending a delegation of the Nigerian Film and Music Industry, led by himself, to the Inspector-General of Police, and resulted in the establishment of police anti-piracy units in all the 36 states.

The subsequent extensive piracy raids, he said, have led to the confiscation of pirated products worth hundreds of millions of Naira.

In addition, they facilitated the granting of pioneer status for the creative industry by the Federal Government to reduce financial burdens on new investments and encourage both foreign and local investments within the industry.

Just as a meeting with the Governor of the Central bank of Nigeria (CBN) resulted in the provision of stimulus capital for the Creative Industry to be invested through long-tenured single digit debt to private investors to build 100 community cinemas, 6 music Arenas across the geopolitical zones and state-of-the-art Pre and Post production facilities across the country, among others.
Uj. N. Dominic/GEE
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