Minister of Information and Culture, Alhaji Lai Mohammed, has inaugurated the Steering Committee on the Commercialization of the
Nigeria Film Corporation (NFC), saying the country’s film industry had the potential to make Nigeria the entertainment capital of Africa.
The Minister said at the inauguration on Monday that the Federal Government was now set to reposition the NFC for effective service delivery.
According to him, “What we are doing today is to simply reposition the NFC in a manner that will enable it to play the role statutorily assigned to it.”
He said that “the film industry drives entertainment and has brought fame to the country, hence the need to reposition the sector and provide the necessary enablement for the industry to thrive.”
He pointed at the lack of critical infrastructure to drive the film industry in Nigeria, saying, for example, that “Nigeria has only 142 cinema houses compared to South Africa with 782 cinemas, United States of America, 40,393, India, 11,209 and China with 50,976 cinemas.”
He therefore appealed to state governments to invest in the provision of infrastructure for the entertainment industry, in view of its huge potential to generate employment and contribute to the economy.
He stated further: “It is important to appeal, especially to our state governments, to invest in infrastructure in the industry.
“I don’t think it will be too much for the state governments to ensure they build at least one cinema house in each local government area of their state. That will give us additional 774 cinema houses.”
The minister said “at the moment, the NFC, which is expected to regulate and organise professional practice in the film industry, is facing numerous challenges, which include NFC’s inability to engage in commercial film production; the fact that the law establishing the
Corporation limits its operational functions such that it cannot leverage on the private sector-led growth of the industry, and also that NFC’s civil service structure comes with bureaucratic limitations, budgetary constraints and operational inefficiency among others.”
He said in order to address these challenges and reposition the NFC for improved performance, the Federal Government had engaged the services of a Business Development Consultant to conduct due diligence on the corporation and the sector and recommend a strategy that was suitable for its reform and commercialization.
He declared: “Dear members of the SC, your appointment into this committee come with huge trust and belief in your ability and capacity to make this reform happen. I therefore urge you to consider this a critical national assignment that requires unflinching commitment and zeal.”
Director General of the Bureau for Public Enterprise, Mr Alex Okoh, clarified that the reform of the NFC was not a privatization but commercialization, with no transfer of ownership and sale of share, so as to ensure that the resident values of the corporation were enhanced.
Members of the Steering Committee are: Honourable Minister, Federal Ministry of Information and Culture, Alhaji Mohammed as Chairman; Permanent Secretary, Federal Ministry of Information and Culture, Deaconess Grace Isu-Gekpe; Director General, BPE, Mr Alex Okoh; Managing Director, NFC, Dr Chidia Maduekwe, and Director, Industries and Communications, BPE, Abdullahi Dikko, as Secretary.
