The Federal Government signed a Memorandum of Understanding with 26 movie producers on Tuesday, reports City Voice
The federal government said that it was committed to using the creative arts industry as vehicle to boost the nation’s economy.
The Minister of Finance, Ngozi Okonjo-Iweala, revealed that President Goodluck Jonathan is aware of the contribution of creative industry to the economic development of the country.
She said that issues of intellectual property and quality are paramount and that is why the president thought that he would put this initiative together to support the industry.
The minister said the N215.5 million provided for the film producing segment of the movie industry was to support it to improve on film production in the country.
Okonjo-Iweala said that the industry had so far created no fewer than 200,000 direct and one million indirect jobs worth 250 million dollars.
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