The Nigerian motion picture industry is set to benefit from tax incentives that will promote film production in Nigeria and boost the fortunes of film makers.

This was the thrust of the Public/Stakeholders Forum which got underway in Lagos last week Thursday. Attended by a cross section of motion picture practitioners, independent television producers, heads and leaders of motion picture associations and guilds, representative of the National Film & Video Censors Board, Federal Inland Revenue Service, the Forum was intended to present the proposal on Tax Incentives/Reliefs being sought to be recommended to government for implementation.

The exercise organized by the joint committee of the Nigerian Film Corporation(NFC) and the Federal Inland Revenue Services(FIRS) marked the first leg of the public presentation of the proposed Tax Incentives to stakeholders for their input.

Speaking at the forum, Afolabi Adesanya, Managing Director/Chief Executive of NFC, said that the proposed Tax Incentives being sought will create a “more vibrant film industry, generate more employment, raise the level of Foreign Direct Investment (FDI) into the sector, and generate more revenue and income.”