Thread by @FMINONigeria

PRESS RELEASE

Minister Inaugurates Committee on Commercialization of Nigeria Film Corporation

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The Minister of Information and Culture, Alhaji Lai Mohammed, has inaugurated the Steering Committee on the Commercialization of the
Nigeria Film Corporation (NFC), saying the country's film industry has the potential to make Nigeria the entertainment capital of Africa.

While performing the inauguration in Abuja on Monday, the Minister said the Federal Government is now set to reposition the NFC for effective service delivery.

“What we are doing today is to simply reposition the NFC in a manner that will enable it to play the role statutorily assigned to it,” he
said.

Alhaji Mohammed noted that the film industry drives entertainment and has brought fame to the country, hence the need to reposition the
sector and provide the necessary enablement for the industry to thrive.

He decried the lack of critical infrastructure to drive the film industry in Nigeria, saying, for example, that Nigeria has only 142 cinema houses compared to South Africa with 782 cinemas, United States of America, 40,393, India, 11,209 and China with 50,976 cinemas.

The Minister therefore appealed to state governments to invest in the provision of infrastructure for the entertainment industry, in view of its huge potential to generate employment and contribute to the economy.

“It is important to appeal, especially to our state governments, to invest in infrastructure in the industry. I don’t think it will be too much for the state governments to ensure they build at least one cinema house in each local government area of their state.

That will give us additional 774 cinema houses,” he said.

Alhaji Mohammed said at the moment, the NFC, which is expected to regulate and organise professional practice in the film industry, is facing numerous challenges, which include NFC’s inability to engage in commercial film production;

the fact that the law establishing the Corporation limits its operational functions such that it cannot
leverage on the private sector-led growth of the industry,

...and also that NFC’s civil service structure comes with bureaucratic limitations, budgetary constraints and operational inefficiency among others.

He said in order to address these challenges and reposition the NFC for improved performance, the Federal Government has engaged the services of a Business Development Consultant to conduct due diligence on the corporation...

...and the sector and recommend a strategy that is suitable for its reform and commercialization.

“Dear members of the SC, your appointment into this committee comes with huge trust and belief in your ability and capacity to make this
reform happen.

I therefore urge you to consider this a critical national assignment that requires unflinching commitment and zeal,” the Minister said.

In his remarks, the DG of the Bureau for Public Enterprise, Mr. Alex Okoh, clarified that the reform of the NFC is not a privatization but commercialization, with no transfer of ownership and sale of share, so as to ensure that the resident values of the corporation are enhanced.

Members of the Steering Committee are: Honourable Minister, Federal Ministry of Information and Culture, Alhaji Mohammed as Chairman; Permanent Secretary, Federal Ministry of Information and Culture,

Deaconess Grace Isu-Gekpe; Director General, BPE, Mr. Alex Okoh; Managing Director, NFC, Dr. Chidia Maduekwe, and Director, Industries and Communications, BPE, Abdullahi Dikko, as Secretary.

Segun Adeyemi @SegunAde88
Special Assistant To The President (Media)
Office of the Minister of Information and Culture
Abuja
21 Sept. 2020