Despite Minister Lai Mohammed's statements about the $104 million earned from film and music in 2019, there are doubts about the government's involvement in this achievement.
stepped down on Monday from his position as the leader of Nigeria, the largest black nation on earth.
Feeling its practitioners’ pulse, the Buhari administration is perceived as having primarily ignored the entertainment industry. However, the Buhari administration funded the renovation of the iconic Theatre through the country’s Central Bank and the Bankers Committee.The Guardian Nigeria]Upon completion of the first phase of the renovation of the National Theatre, its first engagement was hosting the maiden edition of the United Nations World Tourism Organization conference in November 2022.
The CIFI is part of the government’s efforts to boost job creation in Nigeria, particularly among the youth.Interested applicants in the creative industry who meet the criteria can access the funds from their banks. The initiative offers creative loans of up to N3 million for Software Engineering students, N30 million for Movie Production businesses and N500 million for Movie Distribution businesses.
The bill aimed to build a vibrant, enabling creative space for Nigerian creatives. The bill was signed into law by the president in April. Tagged ‘Investment in Digital and Creative Enterprises ’, the programme is a Federal Government of Nigeria initiative promoting investment in digital and creative industries. It is part of Nigeria’s efforts to build back better, greener, and more inclusively, to create more sustainable jobs for the teeming youthful population.
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