LSFVCB to reposition entertainment industry to maximize revenue generation

The Lagos State Film and Video Censors Board (LSFVCB) has announced that it is concluding plans to reposition the entertainment industry to maximize its revenue generation potential.

This was disclosed in a statement by its Executive Secretary, Mrs Adebukola Agbaminoja, on Monday in Lagos, at the conference tagged, “Content Development as a Driver for Sustainable Growth in the Film and Video Industry” according to the News Agency of Nigeria.

The Censors Board boss stated that the necessity of the repositioning is to boost revenue generation in the sector, and job opportunities, citing that the state is willing to work with stakeholders in repositioning the industry for revenue generation.

Agbaminoja said, “The conference is organised in pursuant to the state government’s commitment to repositioning the entertainment sector to fulfil its potential as a primary revenue generator and employer of creative talents.

“The forum will also facilitate the positive collaboration of all stakeholders to chart a way forward for the industry.”

She added that it is vital for the film and video industry to support the efforts of the present administration in the tourism and entertainment sector as the Lagos State Government is committed to utilising creative arts of which film and video are germane as tools for economic growth and development in the state.

”The Stakeholders’ Conference is a bridge-building initiative to facilitate interaction with stakeholders on content delivery that will improve the industry and socio-economic growth of the state,“ Agbaminoja said.

Speakers at the event include Prof. Sola Fosudo, Head of Department, Theatre Arts & Music, Lagos State University; Mr Mahmood Ali-Balogun, Chairman, Audio-Visual Rights Society of Nigeria.

Others are; Mr Femi Odugbemi, Founder, Zuri24 Media Lagos; Dr Shaibu Husseini, Cultural Administrator, Film and Media Specialist and Mrs Anthonia Oredipe, of the Directorate of Citizens’ Right, Lagos State Ministry of Justice.

What you should know

Nairametrics reported earlier this year that the Lagos State Government commenced the disbursement of the N1 billion seed capital for the tourism and hospitality sector approved by the state governor, Babajide Sanwo-Olu, to some of the beneficiaries. This is for investment in the sector to help drive new growth in the industry which has been severely impacted by the coronavirus pandemic

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