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Community Cinemas: FG Seeks $20m From Investors

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….As movie producer thumbs up initiative

As the federal government is poised to revamp the cinema culture and build community cinemas across the different geo-political zones in the country.

The Ministry of Information, Tourism And Culture under the leadership of the honourable minister, Alhaji Lai Mohammed had stated that building a hundred community cinemas was an initiative aimed at developing the movie industry and creating an enabling movie producers to earn a return on investment.

Responding to an enquiry from LEADERSHIP, the minister explaining how the hundred community cinemas will be funded stated that the project was going to be driven by private sponsorship and will need the support of each state government to partner with the investors.

Alhaji Mohammed stated, “We are working with foreign investors who are willing to invest as much as USD 20 million dollars to build these 100 cinema complexes all over the country. Preliminary meetings have been held with NEXIM BANK. The next step is to persuade state governors to partner with these foreign investors by providing the enabling environment.”

This means that the state government will provide the land and other incentives for these community cinemas to be built and sustained in their communities. A phone call put through to the aide Minister of Culture and Tourism on Thursday January 18th, noted that plans were ongoing on building the hundred community cinemas as some investors has shown interest in providing the much needed capital to finance the projects as plans were on course.

Movie marketer, Nobert Ajaegbu commending the federal government but urging them to do more said, “Federal government intervention in the development of the creative industry is commendable and worth emulation. The intervention first came through project Act Nollywood which was a great boost to the beneficiaries and invariably to the creative industry. However, this intervention is commendable as it is not sufficient. There is need for the FG to do more. Community cinemas appears most suitable for our jurisdiction considering our local and economic circumstances.  A hundred community cinemas appears to be too small a number for a country like ours. It’s more like the number of community cinemas a moderately vibrant state should have. This will attach pertinence to my earlier assertion that the FG will need to do more in this regard.  It’s economically feasible and portends great commercial viability. It’s just that we need to put the infrastructures there. We may even start with one community cinema per local council. Summarily, the 100 cinemas is a start-up. We need more of it to sustain the creative business in Nigeria.”

 



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