Creative Industry to Enjoy Tax Holidays, Waivers – Govt

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Minister of Information and Culture, Alhaji Mohammed, has said that the Federal Government is making efforts to give the Creative Industry a pioneer status so it can qualify for tax holidays and waivers.

The minister visiting the Copyright Society of Nigeria (COSON) in Lagos said waivers would be granted especially on customs duties on the equipment for film and music production, among others.

He also disclosed that the present administration’s economic and growth plan mentioned the Industry as one of the key areas for the diversification of the economy.

He listed the provision of infrastructure, strong laws, protection of Intellectual Property and the enforcement of existing laws as some of the areas in which the government can intervene.

The minister was accompanied on the visit by the heads of relevant parastatals in the Ministry, including the Directors-General Yakubu Ibn Mohammed (NTA), Mansur Liman (FRCN), Folorunso Coker (NTDC) and the Executive Director of the Nigerian Film and Video Censors Board Adedayo Thomas.

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