Cre­ative in­dus­try gets pi­o­neer sta­tus

Daily Trust - - NEWS - By Lat­i­fat Opoola

The Fed­eral Gov­ern­ment has granted ‘Pi­o­neer Sta­tus’ to the Cre­ative In­dus­try, in its bid to trans­form the in­dus­try to a cre­ative econ­omy and cre­at­ing jobs, a state­ment by the min­istry of In­for­ma­tion and Cul­ture said.

Min­is­ter of In­for­ma­tion and Cul­ture, Al­haji Lai Mo­hammed, said the de­ci­sion to grant the in­dus­try ‘Pi­o­neer Sta­tus’ was in ful­fil­ment of the promise by Act­ing Pres­i­dent Yemi Os­in­bajo at the open­ing of the Cre­ative In­dus­try Fi­nanc­ing Con­fer­ence in La­gos on 17 July.

He said the need to grant ‘Pi­o­neer Sta­tus’ to the in­dus­try as well as tackle piracy of cre­ative works, were among the key is­sues raised by par­tic­i­pants at the con­fer­ence.

The state­ment said the ‘Pi­o­neer Sta­tus’ is granted to com­pa­nies making in­vest­ments in qual­i­fy­ing in­dustries and prod­ucts as tax hol­i­day from pay­ment of corporate in­come tax and with­hold­ing tax, on div­i­dend from pi­o­neer prof­its for an ini­tial pe­riod of three years, ex­tend­able for one or two ad­di­tional years.

The min­is­ter also said the sta­tus cov­ers mu­sic pro­duc­tion, pub­lish­ing and dis­tri­bu­tion (in­clud­ing on­line dig­i­tal dis­tri­bu­tion); Pho­tog­ra­phy; Pro­duc­tion and post-pro­duc­tion of dig­i­tal con­tent for mo­tion pic­tures, videos, tele­vi­sion pro­grammes, com­mer­cials, dis­tri­bu­tion and ex­hi­bi­tion (dig­i­tal movies, an­i­ma­tion, videos, TV pro­grammes and com­mer­cials); Pub­lish­ing of books (copy­righted books) and de­vel­op­ment and pub­lish­ing of ready-made soft­ware (op­er­at­ing sys­tems, soft­ware ap­pli­ca­tions and com­puter games).

‘‘This is a shot in the arm for the cre­ative in­dus­try, and it will def­i­nitely cat­alyze in­vest­ments in the in­dus­try. It is also the an­swer to our quest to spur the es­tab­lish­ment of world class stu­dios in Nige­ria for pro­duc­tion and post-pro­duc­tion of movies and mu­sic videos,’’ the Min­is­ter said.

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