Lagos Govt. Announces N1Billion Seed Capital For Creativity, Tourism Sectors

Governor Babajide Sanwo-Olu of Lagos on Thursday said his administration has set aside a N1 billion seed capital to boost the creativity and tourism sectors in the state.

The governor disclosed this at the inauguration of a 9-member committee on Film Production Empowerment for Lagos State at the Banquet Hall, Lagos House, Marina.

The committee is made of core industry practitioners which include Richard Mofe-Damijo, veteran filmmaker Tunde Kelani, Founder AMAA Peace Anyiam Osigwe, Film and TV producers Mo Abudu and Kunle Afolayan.

Others are Adebukola Agbaminoja, Tinubu Ferdinand R.O, Taju Olayiwola Olajumoke and Mrs Funke Avoseh.

Sanwo-Olu explained that the scheme is to support the creative ideas of producers who are constrained by funds to bring their concepts to reality.

‘‘It would further support creatives and further enhance the sector as a significant contributor to our state and national GDP.”

Nigeria is the second largest film producer in the world and Lagos is the centre of this huge creative enterprise.

Our administration will continue to invest to support the industry to create thousands of jobs and boost the economy. We trust members of the committee to deliver on their assignment with great commitment so the set objectives will be achieved’’ he noted.


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