News

June 11, 2024

Create special fund for culture and creative industries – BOI tells Kano Gov’t

Create special fund for culture and creative industries – BOI tells Kano Gov’t

By Bashir Bello

KANO — The Managing Director, Bank of Industry, BOI, Dr. Olasupo Olusi has called on the Kano State Government to create a special fund for entrepreneurs in culture and creative industries to be managed by BOI.

Olusi made the call during a one-day capacity building workshop, organized by BOI for High Exhibition Film Professional (an arm of Kannywood) as part of its strategic Corporate Social Responsibility (CSR) to bridge capacity gap and deepen the developmental effectiveness in the creative sector.

The Managing Director represented by the Group Head (GH), Creative & Digital Industries Group, Promise Ikechukwu George said the fund if created could be tagged Kano Entrepreneurs in Cultural & Creative Industries (KECC), and the youth version of it can be described as KYCC (Kano Youths in Cultural & Creative Industries.

According to him, “So our suggestion is for the Kano State government to create a special fund for culture and creative industries. If such dedicated fund is created, Kano will be the first state to launch a creative and cultural sector-specific intervention fund in Nigeria.

“It is expected that such initiative would largely address the financing gap, which has been the bane of creative sector growth in Nigeria.

“Although, BOI and the Kano State Government are not new into development partnership, therefore, the newly proposed intervention fund would further propel the state into greater development in this 21st century dispensation, where the growing prosperity of the State is a function of the functional prosperity of the citizenry.

The programme made references to Kano’s rich cultural heritage and why such endowment should be showcased in our films to the world. Also, the resource team spoke strongly about Content Monetization strategies focused on using accredited distributors to negotiate better deals, and why such professional interphase is imperative to address the challenge of under valuing our indigenous films in the international market.

Declaring the programme open, the Kano State Commissioner of Investment, Commerce and Industry, Adamu Aliyu Kibiya represented by Mahmud Bala expressed the State Government’s willingness to support entrepreneurs by creating a conducive environment for businesses to thrive.

The Zonal Coordinator, National Film and Video Censors Board (NVFCB), in Kano Zonal Office, Mr. Aliyu Sani also spoke on the plans by the agency to ensure quality content censorship to give better image representation to Nigeria, whilst ensuring that seeming impediment to industry growth would be assuaged.

However, industry players particularly those in the Northern region raised issue with high distribution license fees, and requested that the agency should consider a downward review that is industry friendly.

Meanwhile, highlight of the event saw the major content producers in Kannywood and the Blue Pictures Entertainment committed to a distribution deal estimated at #3 billion over the next 3 years. In the same vein, Joy Odiete of Blue pictures entertainment and resource partner at the BOI Kannywood training engaged one of the Kannywood scriptwriters to do the scriptwriting of an indigenous film shortlisted for acquisition by an International platform.