Breaking News

Nigeria ready for investments in creative industry — Lai Mohammed

Kindly Share This Story:

abuja—The Minister of Information and Culture, Alhaji Lai Mohammed, has said Nigeria was ready to receive investors in the creative industry, having created the enabling environment for investments through favourable economic policies.

The Minister stated this weekend when he received a delegation from Huaxia Movie Distribution Group, the second biggest movie distributors in China, on a courtesy visit to his office.

Lai Mohammed

“Nigeria today is ready to receive investors from abroad in the Creative Industry because we have the enabling environment in terms of  favourable economic policies. We have a very determined administration  that believes in diversification. We have been preparing ourselves to  sanitize the market so we are tackling the issue of piracy.

“Our programme on digitization is moving very well. So this is the  right time for anybody to really come and invest in Nigeria,” he said,  adding that the Chinese investors have come on the cusp of a revolution in the Creative Industry,” he said.

Alhaji Mohammed welcomed the Chinese movie group’s proposal to invest  in some critical aspects of the Creative Sector, including the  establishment of cinema houses, studios and exhibition centres.

He said: “We hope that this will not just be a talk-shop. We want to be able to  build on this. We want you to give us a plan of action on how you intend to cooperate with us in the area of exhibition venues, building cinema houses, especially in the rural areas. Give us a proposal on  mobile cinemas and let us know what you expect of us as a government.

“We want concrete proposals from you in the area of investing in  studios and also in co production. We also want to know how many  Nigerian films you want to take to China.”

The Minister told the Chinese delegation that the pioneer status  recently granted to the creative sector will enable investors to  benefit from incentives such as tax holiday and withholding tax on  dividends.

In his remarks, the Chief Executive of Huaxia Movie Distribution Group, Mr. Wei Bian, said his company wants to be part of the future of Nigerian movie industry, because of its bright prospect not only in Africa but on the world stage.

He said the company had been emboldened to seek new frontiers in movie collaboration through a marching order handed down by the Chinese  President for the country to look beyond Hollywood to other culturally-diverse areas like Africa, with Nigeria a prime  destination.

Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!