Vice President Yemi Osinbajo highlighted the Buhari administration’s initiatives to support Nigeria’s entertainment industry.

These initiatives include:

– Handing over the National Theatre to the Central Bank of Nigeria and Bankers’ Committee for redevelopment

– N25 billion initial funding for the Nigeria Creative Centre

– Central Bank’s Creative Industry Funds Initiative with single-digit interest rates

– N300 million loan package from Bank of Industry and National Council for Arts and Culture

Osinbajo noted that these efforts position Nigeria to benefit from the entire entertainment value chain, attracting global investments.

Examples include Netflix’s Lagos office and Universal Music Group’s establishment in Nigeria.

The Vice President commended Ogidi Studios, a world-class creative complex, for raising industry standards.

He cited Burna Boy and Wizkid’s Grammy Awards as evidence of Nigeria’s potential for producing top creative talents.

For more information on the Buhari administration’s entertainment industry initiatives, you may want to explore further through online searches.