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'Nollywood can generate N1bn annually'

03 December 2014, 12:10

Lagos –The newly founded One Love Theatre Arts and Motion Pictures Producers’ Association of Nigeria (TAMPAN) on Tuesday said that the Nigerian film industry could generate N1 billion annually.

 Debo Alexander, the Interim Governor of the Association made the statement at the swearing-in ceremony of the newly- elected executive members of the association in Lagos.

Alexander was elected the Governor of the association.

He described the industry as a multi-million naira industry with huge prospects.

“The industry is capable of generating N1 billion into the nation’s revenue if well-funded.

“The industry has lots of prospects and potential that can be used to increase revenue, “ Alexander said.

“All the opportunities in the industry will fetch government huge revenues, “ he said.

Alexander promised to move the association forward by ensuring production of quality movies and discipline.

He promised to dedicate himself to the service of the association and development of the industry.

He urged the Federal Government to continue to support the industry and monitor funds disbursement to it to ensure judicious use.

Earlier,Dele Ayobiojo, the Publicity and Research Secretary of the association, noted that the association was founded in February, 2014 by some practitioners who opted out of the Association of Nigerian Theatre Arts Practitioners.

“The association since its establishment has done lots of activities to move the film industry forward.The present executive members of TAMPAN have lots of plans to move the Nollywood industry forward, “ Ayobiojo said.

Ayobiojo urged the local, state, federal governments as well as well meaning individuals to support the film industry and intensify the fight against piracy.


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- News24

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