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Wednesday, 10 November 2010

Jonathan invests N30billion in the Nigerian Entertainment Industry

Investing in The Entertainment Industry 
During my series of notes in the run up to Nigeria's fiftieth independence anniversary, I expressed a desire to grow Nigeria's entertainment industry into a world class one where we would see Nollywood movies being played in theaters and grossing hundreds of millions of Naira as well as have recording artists like Tuface Idibia, Dbanj, Banky W, P-Square, Timi Dakolo, Weird MC and co selling millions of records and generating wealth for themselves, their record companies, marketers and tour promoters and by so doing expanding the non oil sector of the economy.



Now in furtherance of this, I have just attended the 30th anniversary celebrations of the Silverbird group where I announced a Federal investment of 200 million dollars (about 30 billion naira) as a direct intervention lifeline for the exclusive purpose of supporting artist and developing our entertainment industry. This may not be a lot of money, but it is a beginning. In seeking to diversify Nigeria's revenue base, we must think outside the box and I am expectant that this fund will make Nigeria the African entertainment capital in the not too distant future. It is my vision that every producer whether in the film or music industry, every actor or actress, fashion designers or artist must have opportunity to access cheap, long-term funding to grow their business: make movies, write hit songs, build malls, build cinemas, provide jobs and give hope to our people! GEJ

18 Comments:

  • At 10 November 2010 at 20:12 , Anonymous Surprise said...

    Wishing them a successful translation of their plans into reality.

     
  • At 10 November 2010 at 20:17 , Anonymous franni said...

    Did he just say,'' 30 billion Naira may be small?''. Wonders will never cease. Yet workers are still owed months arrears!!!

     
  • At 10 November 2010 at 20:28 , Blogger Nigerian Film and TV Addict said...

    haha!

     
  • At 10 November 2010 at 21:11 , Anonymous Anonymous said...

    Investing money in mediocre acting. Goodluck. Pun intended.
    My guys their music is nice but still...

     
  • At 10 November 2010 at 21:36 , Anonymous Anonymous said...

    Is this what the country actually needs now? What about investing in the future of the youths - education, jobs etc........

     
  • At 10 November 2010 at 21:46 , Anonymous John said...

    When the government does not invest, Nigerians complain... and when the government decides to invest, Nigerians complain again... aha my Naija people...nothing makes you happy... Linda, this is very good news because this can reduce the high unemployment in Nigeria and hopefully generate and increase our economy. You guys have no idea how Hollywood sustains part of America's economy. Goodluck, you really are creating hope and dreams for the Nigerian youths. May the Lord guide you in making wise decisions.

     
  • At 10 November 2010 at 21:50 , Blogger Nigerian Film and TV Addict said...

    linda did u just change the title of this post?i'm seeing something different.

     
  • At 10 November 2010 at 22:15 , Anonymous Anonymous said...

    am sorry that am not jumping with joy bc i need we need electricity non stop, better schools and hospitals before entertainment industries! n did i forget better roads??? this fund and however they wasted in jubilee spendingwould have put electricity in d whole nigeria!!! It amazes me dat they just dont get it. With nonstop electricity, people will invest, nigerians n non nigerians. i know my brother and a lot of his friends alone would hv invested in companies in naija. even i hv a great biz idea in medical sector dat will save lives, put money in ma pocket n provide employment to many families but wo constatnt electricity, i cannot even dare. just moho!

     
  • At 11 November 2010 at 08:38 , Anonymous Anonymous said...

    luciferians are the Illuminati. The Illuminati are Luciferian (Masonic/Occult whoshippers).

     
  • At 11 November 2010 at 09:50 , Anonymous Anonymous said...

    People should take a chill pill abeg,is one thing at a time. He's gonna try his best to work on other areas but please y'all should learn 2 appreciate abeg.
    Anyways u can never please everyone..

     
  • At 11 November 2010 at 12:01 , Anonymous franni said...

    linda! u changed the title of this post to make it sound more industrious of Goodluck.

     
  • At 11 November 2010 at 22:42 , Anonymous skankmypeaceofmind said...

    THE RETARD has done it again

     
  • At 12 November 2010 at 14:09 , Anonymous Anonymous said...

    There are much more important things the money could have gone towards. Why should Nigeria as a country not be able to supply its nationals with constant electricity. The money could have also gone towards education. Abeg Jonathan we are not impressed by this useless investment.

     
  • At 12 November 2010 at 16:45 , Anonymous Mschew! said...

    Yes oo..he has invested it into the ockets of all the Niher delta musicians plus stupid ones from other tribes that did his campaign song...abi no be enterttainment industry them be....roflmcao.. goodluck to everybody, goodluck Nigeria eeeee!
    Mschew!

     
  • At 12 November 2010 at 20:30 , Anonymous Anonymous said...

    Anonymous5 nawa fo youooo! U no understand, the country needs more musicians not university graduates so that we can all sing their praises while the llot us dry.
    Go Jonathan go!

     
  • At 13 November 2010 at 14:52 , Anonymous Anonymous said...

    N30bn is a small amount for such an industry (taking into account the revenue generated so far without any state investment). This should help create opportunities for thousands of people...let's see how this plays out
    .....after all this is Nigeria, let's not fool ourselves!!!!

     
  • At 15 November 2010 at 16:43 , Anonymous Anonymous said...

    he just paid for his campaign....
    jasiii.
    jonathan is just another thief we can not afford to tolerate.i expected that he will fix the power problem and he needs not to campaign.that is what anyne can give us now.
    dis heat is killing dis days

     
  • At 18 November 2010 at 13:05 , Anonymous Anonymous said...

    WOW..30billion Naira into Entertainment industry..HMMM Nawaoo Ok.

    I am impressed that they took this route but the industry is still going to suffer if the basic things arent sorted e.g
    1.Electricity and Internet.

    2.Education of upcoming talents, schools for media,acting, performance arts...hmmm

    3. THe LAW
    The issue of marketers( sorry they are actually called Distributors...kai 9ja and wrong interpretations..LOL)
    swindling ripping off artist both upcoming and established once.
    How? the law doesnt work at all. No royalties for artist or producers or songwriters. Its all pointless

    4. No statistics ...need I say more!

    I think I partially agree with the comment that said2he just paid for he's campaign...very strategic Move. God help Us to help help ourselves

    SpoilsInc.

     

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