Entertainment

How Buhari’s Administration Promotes Growth Of Entertainment Industry – Osinbajo

Published

2 years ago

March 26, 2021

In recognition of the strategic importance of the entertainment and creative sector in growing the Nigerian economy, the Buhari administration has in the past few years introduced several initiatives to harness the abundant potential in the country, according to Vice President Yemi Osinbajo (SAN).
Professor Osinbajo stated this over the weekend in a message delivered at the opening of the Ogidi Studios, a Lagos based world class creative complex hosting recording film production, animation and writing studios owned by the Temple Company.
The Vice President stated that last year the federal government awarded the control of the National Theatre to the Central Bank of Nigeria (CBN) and Bankers Committee. The Bankers committee has committed an investment of N25 billion as initial funding for the development of the Nigerian creative centre at the National theatre Lagos. The centre will receive support from CBN’s creative industry funds initiative that gives financial support to the technical and creative sector at single digit interest rate.
The Bank of Industry in collaboration with the National Council for Arts and Culture also has a N300 million loan package for the creative sector, the package provides the funds to the sector at single digit interest rate with tenure of four to five years.
Speaking about the gains of consistent and deliberate effort by the Buhari Administration over the years, the vice president noted that the sector and the country are now better positioned to benefit from the entire value chain.
He said: “But perhaps more importantly with the Ogidi Studios, Nigeria now operates on the same level of sound and video technology with the major global players now the stars, not just the Nigerian stars, but from all over the world have a place in Lagos that is as good as any studio they have ever recorded in.
World class script writing, music recording, video making and editing can take place under one roof at the Ogidi Studios. The entire value chain in music and entertainment can now be local, so we are at the cusp of a revolution in entertainment, production, creative talent and services and a major economic opening for business in Nigeria.
Continuing, Prof. Osinbajo explained that the world knows that the smart money is already going after the trail. Last year, Netflix opened its first African office here in Lagos and is investing millions of dollars to buy and generate authentic African content in its platform.
“A couple of years earlier, the universal music group established itself firmly and there are many others waiting to make their bid for a bit of the action.” Assuring that with the quality of investments, the future is promising for the sector. He said with the private sector putting its best foot forward in the entertainment industry, the future is certainly looking very bright for the industry and we are all looking forward to the greater investments.
While commending the owners of the Ogidi Studios, for raising the stakes in entertainment industry, Osinbajo said local creative talents can now fulfil their dreams as world class script writing, music recording, video making and editing can take place under one roof at the Ogidi Studios.
Referencing the stories of Burna Boy and Wizkid, who took the entertainment industry by storm and winning the Grammy awards, Prof Osinbajo noted that the environment had been prepared for Nigeria to produce more creative talent across the value chain in the industry.
He said on the 14th of March 2021, the duo of Burna Boy and Wizkid established themselves as amongst the best musicians in the world, following their victory in the Grammys held in Los Angeles, USA.

Entertainment

Nigeria’s Box Office Generates N278m In February

Published

1 week ago

March 17, 2023

The Tide

The Cinema Exhibitors Association of Nigeria (CEAN) on Tuesday said it realised N278 million as ticket sales across cinemas in the month of February, nationwide.
CEAN’s National Chairman, Mr Ope Ajayi, who, disclosed this in an interview with newsmen in Lagos, added that the cinemas also had 122,295 gross admission within the period under review.
Cinemas experienced a drastic decline in sales in February when compared with N819 million sales made in January.
Ajayi blamed the cash crunch and poor network service delivery being experienced by POS operators nationwide for the decline in sales.
He similarly noted that cinemas experienced an all time lull in the week of the Presidential and National Assembly elections.
He explained further that cinemas had limited content to exhibit in the month of February, as movie producers avoided releasing movies during the election period.
“A couple of reasons are responsible for the drop in sales. We lost a weekend of sales during the Presidential and National Assembly elections, Nigerians’ attention was focused on voting across the country.
“Cash crunch and POS failures, affecting trading generally is also affecting the cinemas.
“Many movie producers and distributors avoided releasing movies during the election period. So, content was also somewhat limited,” he said.
Ajayi said the top films exhibited in cinemas across the country in February were “Antman” and “Love in a Pandemic”.
He listed films to watch out for in the month of March as : “Creed III”, “What Love Got To Do With It”, “Shazam Fury of the gods”, “John Wick iv”, “Different Strokes” and “Dungeons and Dragons83”.

Entertainment

Nollywood Actress Urges Ladies To Desist From Dating Married Men

Published

1 week ago

March 17, 2023

The Tide

Nollywood actress, Halima Abubakar, has urged ladies to desist from dating married men, saying leaving a quality life of being responsible with good moral virtues is the best life.
The renowned movie star, who took to her Instagram page to give the advice, said that ladies should not make the same mistake she made by dating someone else’s husband.
According to her, being a side chick to married men is morally wrong, but staying away from people’s husband’s is a moral upright living.
She stressed that she did not want them to experience what she went through, therefore, relationship with married men should be avoided.
She expressed gratitude to fans and well wishers, for their constant prayers, love and encouragement, adding that they should live a life they would be proud of.
The actress added that having a side business was far better than being a side chick, and urged them to leave people’s husbands alone.
“Live a life you would be proud of.
“Thank you all for all the prayers and encouragement and love .
“I am on a new parth to a new life; strive to be new and stay safe and morally upright.
“No do side chick o…see u soon. Find a side business and leave people’s husband.
“ Don’t make the mistake I made…The idea is to be morally right, “ she wrote.
Abubakar is a model, actress, television personality, philanthropist and multiple award-winning member of the Nollywood industry.
She rose to fame after the release of her debut film ‘Sabotage’ In 2011. She won the Afro Hollywood Best Actress prize.
The actress started auditioning for movie roles in 2001. After some time, she was given her first acting gig, a small part in the movie ‘Rejected’
It was, however, a small role that enabled her to land her first important role and ultimately her breakthrough in the movie ‘Gangster Paradise.’
The movie star has acted in more than a 100 movies. some of which are: ‘Slip of Fate’, ‘Tears of a Child’, ‘Secret Shadows’, ‘Gangster Paradise’, ‘Area Mama’, ‘Men in Love’, ‘Love Castle’, ‘Okafor’s Law’, among others.
She is also a movie producer and runs Morehouse Entertainment, a label and talent management business in the music industry.
The Kano-born actress established the Halima Abubakar Foundation, an NGO that aids the poor.
The actress has contributed immensely to the growth and development of the entertainment industry, thereby making her outstanding.

Entertainment

UEFA Champions League Final : Burna Boy Set To Perform

Published

1 week ago

March 17, 2023

The Tide

Nigerian megastar, Burna Boy, has been announced as one of the headliners who will be performing at the 2023 UEFA Champions League final.
UEFA has revealed Burna Boy as one of the performers at the 2023 Champions League Final. The announcement was made via the Champions League official Twitter handle on Thursday, 16th March 2023.
Music Burna Boy, Tems, Patoranking, Shatta Wale nominated for International Reggae & World Music Awards 2023
In the video posted on Twitter, a delighted Burna Boy revealed that he will be performing at the Champions League final billed for Istanbul, Turkey.
In what is a remarkable feat, Burna Boy will become the first Nigerian artiste to perform on the biggest stage of European Club football.
Since gaining international success in 2018 through his hit single ‘YE,’ Burna Boy has become one of the biggest artistes in the world. He has earned a Grammy award for his album ‘Twice As Tall’ while becoming one of the most awarded artistes on the continent.
The Tide Entertainment reports that Burna Boy has sold out choice arenas around the world as his music continues to attract international listeners.
American DJ, artiste, and Producer, Marshmallow, performed at the 2021 Champions League final in Portugal while Cuban Pop star, Camila Cabello, performed at the 2022 edition in Paris.
The 2023 Champions League Final will take place on 10th June 2023 in Istanbul, Turkey and Afrobeats will share the stage as two of the finest clubs in Europe compete for the biggest price.