Minister advocates grants, tax holidays for creative Industry

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The official argued that the only major way government could make the creative industry attractive to investors and major players was to introduce waivers, grants, tax holidays, rebates and other related incentives.

Ramatu Aliyu, Minister of State for FCT, has solicited various waivers, grants, tax holidays, rebates and other related incentives as part of measures to boost the creative industry.The festival has the title: “Post COVID-19 funding policy framework partnerships between the FCTA and the Nigerian Film Corporation, for the Nigerian film industry through rebates, location incentives, tax credits and film grants.

She, however, assured stakeholders that the present administration was leaving no stone unturned toward ensuring that the tax environment was investment-friendly. “It therefore becomes very logical for us to try these same measures which have worked in the agricultural and manufacturing sectors and see if they wouldn’t also succeed in the creative industry sector.

The Director-General and Chief Executive, Nigerian Film Corporation, Chidia Maduekwe, pointed out that the Nigerian Film Corporation Annual Lecture series remains one of the corporation’s platforms used to contribute to the evolvement of policy frameworks.

 

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