Bankers’ Committee Commits N25 Billion For Development Of Nigeria Creative Centre

In recognition of the strategic role that the entertainment and creative sector would play in growing the Nigerian economy, the Buhari administration has in the past few years introduced several initiatives to harness the abundant potentials in the country.

Vice President Yemi Osinbajo stated this over the weekend in a message delivered at the opening of the Ogidi Studios, a Lagos-based world-class creative complex, hosting recording, film production, animation, and writing studios, owned by the Temple Company.

Osinbajo, in a statement issued by his Senior Special Assistant on Media and Publicity, Laolu Akande, said, “Last year, the Federal Government handed over the control of the National Theatre to the Central Bank of Nigeria and the Bankers’ Committee.

The Bankers’ Committee has committed to an investment of N25 billion as initial funding for the development of the Nigeria Creative Centre at the National Theatre, Lagos.

Speaking about the gains of consistent and deliberate efforts by the Buhari administration over the years, the Vice President noted that the sector and the country are now better positioned to benefit from the entire value chain.

Osinbajo further explained that “the world knows it and the smart money is already going after the trail.

Last year, Netflix, opened its first African office here in Lagos and is investing millions of dollars to buy and generate authentic African content on its platform.