Vice President Yemi Osinbajo says the Bank of Industry, BoI, in collaboration with the National Council for Arts and Culture, had secured a N300 million loan package for Nigeria’s creative sector.
Mr Osinbajo’s spokesman, Laolu Akande, in a statement, in Abuja, said the vice president disclosed this at the opening of Ogidi Studios, a Lagos-based world-class creative complex, hosting recording, film production, animation, and writing studios, owned by the Temple Company
The vice president said that in recognition of the strategic importance of the entertainment and creative sector in growing the economy, Federal Government, had introduced several initiatives to harness the abundant potentials in the country.
He said that the creative sector and other sectors had been positioned to benefit from the deliberate efforts of the Federal Government.
Mr Osinbajo added that years earlier, the Universal Music group established itself firmly in Lagos, as many others were waiting to make their bid for a piece of the action.
While commending the owners of the Ogidi Studios for raising the stakes in the entertainment industry, the vice president said local creative talents could fulfill their dreams.
According to him, the industry can fulfil its dream of a world-class script writing, music recording, video making, and editing can take place under one roof, at the Ogidi Studios.
He cited Burnaboy and Wizkid for taking the entertainment industry by storm, and winning the Grammy Awards, saying that the environment had been prepared for Nigeria to produce more creative talents, across the value chain in the industry.