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)