Leisure corporations and practitioners engaged in content material manufacturing within the State of Lagos should now pay to the state authorities for all content material produced and bought in Lagos. The state authorities is demanding cost by way of a brand new coverage to increase its income era amid the COVID-19 pandemic.
Audio and video content material producers working in Lagos will probably be charged 5% for content material produced and bought. The federal government intends to observe companies by way of the Lagos State Movie and Video Censors Board (LSFVCB) platform the place all content material producers are despatched to file their content material inside the subsequent 30 days.
The brand new coverage ought to affect audio recordings, filmmakers, music video producers. Nonetheless it’s unclear whether or not the coverage may also affect quick video or comedy scene creators – which has develop into the brand new wave within the leisure trade in Nigeria.
Talking in regards to the new coverage for audio and visible content material producers, LSFVCB Government Secretary Bamidele Balogun stated: “The council will advise practitioners concerned within the manufacturing, sale, distribution of audio and visible merchandise to register their merchandise. by way of the approved agent of the board inside 30 days.
“Practitioners and stakeholders are additionally knowledgeable that any further, all audio and visible content material produced and bought in Lagos State will appeal to the cost of 5 per cent levy for every merchandise.” Balogun stated, including that: “This train, nevertheless, will assist the Lagos State authorities in formulating insurance policies, when it comes to planning and funding for the sector,” he stated.
Balogun stated that “All practitioners and actors within the leisure sector within the state are suggested to abide by this directive and cooperate with the approved agent of the council,” he stated.