How Lagos can make N30bn from Nollywood

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Eromosele Ebhomele
Speaker Mudashiru Obasa with lawmaker and Nollywood actor, Desmond Elliot
Though the issue of piracy took a major part of discussions between stakeholders in the Nollywood industry and lawmakers at a meeting in the Lagos State House of Assembly on Tuesday, an area that sounded of interest to some of the lawmakers at the meeting was how the state government could realise up to N30 billion from revenue in the industry if the enabling environment is created.
Many of those who spoke at the meeting, explained that the state government could make such a huge amount annually if the government actually built cinemas around the state where people would come to see new movies.
Many of them also suggested the establishment of shops where films and movies would be sold but added that while the cinemas would show the new movies, the shops would sell old movies.
They agreed that the projects were capital-intensive, but suggested that the plan had been made by the government before now and only needs to be reviewed.
Pleading not to be named, they lamented that piracy had become a major challenge in the industry and revealed that many of those who pirate movies were aided by security men.
According to them, the pirated movies are conveyed to the agents by security personnel and officials of the Nigeria Copyright Commission, NCC, and several efforts to rid the industry of these pirates have proven abortive.
The stakeholders suggested a bill to cirminalise the sales and purchase of pirated materials in the state and urged the lawmakers to assist in that regard.
Speaker Mudashiru Obasa, in his speech, advised them to come up with ideas to strengthen Nollywood and stop piracy in the state and country.
“There is a ministry in charge of matters that concerns anything about Nollywood and with one of you with …Read More

Source:: PM Newspaper