The Lagos State government led by Governor Babajide Sanwo-Olu has announced a N1 billion seed capital set aside for Nollywood filmmakers struggling to produce quality films.
This was announced on Wednesday, May 5, 2021, by Governor Sanwo-Olu who also inaugurated a nine-man committee consisting of five industry practitioners and four government officials including; AMAA founder Peace Anyiam-Osigwe, Tunde Kelani, Kunle Afolayan, Mo Abudu and Richard Mofe-Damijo.
While announcing the N1 billion seed capital on his official Twitter handle, Governor Sanwo-Olu wrote; “We have set aside a seed capital of N1 billion for the creativity and tourism sector. The scheme is to support creative ideas of producers who are constrained by funds to bring their concepts to reality.
On the appointment of the nine-member committee, Sanwo-Olu wrote saying; “Nigeria is the second largest film producer in the world and Lagos is the centre of this huge creative enterprise.”
He further added that; “To further support practitioners and enhance the sector as a significant contributor to our state and national GDP, today, I inaugurated a 9-member committee on film production empowerment for Lagos State made of core industry practitioners. Our administration will continue to invest to support the industry to create thousands of jobs and boost the economy. We trust members of the committee…”