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Friday, 26 August 2016




Film industry can generate N10b annually – Movie producers

The One Love Theatre Arts and Motion Pictures’ Producers Association of Nigeria (TAMPAN) said on Friday, August the 26th 2016 that the film industry, if well harnessed, could generate N10b revenue annually for the nation.
According to the Governor, Lagos State Chapter of the Association, Mr Debo Alexander, he said the motion picture segment of the nation’s entertainment industry was a multi-million naira venture, with huge prospects.
“The industry is capable of generating N10b into the nation’s coffers annually, if well-funded and financed.
“The industry has a lot of prospects and potential that can be harnessed, to boost national revenue,’’
Citing some of the areas that could fetch government huge revenues, if well developed, to include motion pictures, theatre arts, film production and marketing, he said;
“All these opportunities in the industry, if effectively exploited, will fetch huge revenues for the government.’’
Alexander promised to do his utmost to persist and move the association forward by producing quality movies and maintaining discipline among members.
He, however, urged the federal government to continue to support the growth of the industry, through incentives and other means to boost its Internally-Generated Revenue. (NAN)

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