FCT minister advocates grants, tax holidays for creative industry

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The Minister of State for the Federal Capital Territory, Dr. Ramatu Aliyu, 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.”

Aliyu lamented that lip service had been paid to the quest for a film industry development fund over the years, adding that the film industry needed a better understanding of the tax laws and how they apply to the industry. The minister said that an investor-friendly tax environment would certainly attract foreign investment because tax incentives available within a nation’s tax environment constituted veritable opportunities for local and foreign investors to build on.

 

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