Friday, 26 August 2016

‘Film industry can generate N10bn annually’


The One Love Theatre Arts and Motion Pictures’ Producers Association of Nigeria said on Friday that the film industry, if well harnessed, could generate N10 billion revenue annually for the nation.

Mr Debo Alexander, the Governor, Lagos State Chapter of the Association, said that the motion picture segment of the nation’s entertainment industry was a multi-million naira venture, with huge prospects.

He said, “The industry is capable of generating N10b into the nation’s coffers annually, if well-funded.

“The industry has a lot of prospects and potential that can be harnessed, to boost national revenue.”


He cited some of the areas that could fetch government huge revenues, if well developed, to include motion pictures, theatre arts, film production and marketing.

He said, “All these opportunities in the industry, if effectively exploited, will fetch huge revenues for government.”

Alexander promised to continue to move the association forward by producing quality movies and maintaining discipline among members.

He, however, urged the federal government to continue to support the growth of the industry, to boost its Internally-Generated Revenue.

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