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Tuesday, October 10, 2023

Lagos State Government To Build A Film City in Epe

What is a Film City? 

Film City means an integrated studio complex spread over a minimum of ten acres area that provides the physical facilities required for film making, including providing the flexibility to use the outdoor spaces for shooting purposes. It may be used as a popular tourist spot, recreation centre featuring many natural & artificial attractions including gardens, landscapes, amusement parks, statues, miniatures, streets, hotels, restaurants, Art Gallery, Museum, Hospital and shopping destinations. It may also include the development of peripheral infrastructure such as hotels, food & beverage establishments and retail areas including merchandise stalls to diversify the revenue composition;(xxxviii) “Food Processing Sector” means a sector comprising enterprises engaged in such manufacturing processes in which raw product of agriculture, animal husbandry or fisheries is transformed to make it edible for human consumption;(xxxix) “Gems & Jewellery Sector” means a sector comprising enterprises engaged in manufacturing of handmade or machine-made jewellery or other articles of gold, silver and other precious or base metal clad with precious metals or precious or semi-precious stones, or combinations of precious metal and precious or semi- precious stones or other materials;(xl) “Government” means Government of Rajasthan (xli) “Green Building Measures” means process or technology adopted to obtain green rating under Indian Green Building Council;(xlii) “Half-Way-Home” means the establishment registered with any Government Department for the purpose and having facilities of temporary stay for patients who have been discharged from a hospital but frequent consultancy of doctor is required for providing the patients with a safe shelter and rehabilitation;(xliii) “Handicraft Sector” means a sector comprising enterprises engaged in such manufacturing of items or products in which products are produced predominantly by hand with or without mechanical or electrical or other assistance and graced with visual appeal in the nature of ornamentation or in-lay work or some similar work lending it an element of artistic improvement. Such ornamentation must be of a substantial nature and not a mere pretence;(xliv) “Hilly Area” means an area which is notified as such by the State Government in the Finance Department by an order;(xlv) “Industrial Gases Sector” means a sector comprising enterprises engaged in manufacturing of gases for use in industries, excluding poisonous"

 https://www.lawinsider.com/dictionary/film-city#:~:text=City%C2%A0means,industries%2C%20excluding%20poisonous

The Governor of Lagos State, Mr. Babajide Sanwo-Olu has reiterated that the Lagos State government will build a large scale Africam film city of 100 hectares in Epe at the cost of US$100 million. He told the guests and the news media as he hosted the programme announcement for the 12th annual Africa International Film Festival (AFRIFF) on Thursday, October 5, 2023 at the Lagos State House on the Marina. 

Ms. Chioma Ude, the Founder and Executive Director of AFRIFF commended the laudable visionary leadership of Governor Sanwo-Olu in the capacity development of Nollywood and the Nigerian film industry. 

Lagos is the capital of Nollywood and the entertainment industry in Nigeria, the biggest contributor to making Nollywood the largest film industry in Africa and among the fastest growing film industries in the world.

A report from PwC projects that the fast-growing industry will generate $14.8 billion revenue in 2025. The industry revenue is expected to rise from $7.7 billion in 2021 to $9 billion in 2022, $10.7 billion in 2023, $12.6 billion in 2024 and $14.8 billion in 2025. 85% of this revenue will be generated by access to the Internet.

According to PwC’s Global Entertainment and Media Outlook (2020-2024), Nigeria’s media and entertainment industry is one of the fastest growing creative industries in the world. It has the capability to become the country’s greatest export, with projected annual growth rate of 8.6% and a compound annual growth rate (CAGR) of 19.3% from 2018-2023.

The Multixept Associates Limited is already building a film city in Epe.

US$100 Million Cannot Build a Film City

US$100 Million is a good investment to kickstart the building of a film city in Lagos by the Lagos State government. But that amount cannot even build a film village.
Lagos State government can start with a feasibility study and a budget of $5 Billion.

The best case study is Hollywood. And another good example is the Mumbai Film City; officially Dadasaheb Phalke Chitranagari, an integrated film studio complex situated near Sanjay Gandhi National Park in Goregaon East, Mumbai. It has several recording rooms, gardens, lakes, theatres and grounds that serve as the venue of many Bollywood and Marathi films. It was built in 1977 by the state government to provide facilities and concessions to the film industry. 

Lagos State government can call the film city in Epe, EKO FILM CITY.

A film city must have a state of the art high tech film studios, world class hotels and cinemas.
One single world class hotel will cost more than S100 million.
The construction of the main access road will cost more than US$100 million for a 21st century film city.
It must be a smart city with IoT.

Private partnership investors will be required by the Lagos State government.
it is best to have a stakeholders forum with local and international investors in the multibillion dollar Nigerian Entertainment Industry, including banks, insurance companies, construction companies and realtors.

- By Ekenyerengozi Michael Chima,
Publisher/Editor,
NOLLYWOOD MIRROR® Series,
the first book series on Nollywood and the Nigerian film industry.

#Lagos
#Lagosfilmcity
#Nollywood
#filmcity
#studios
#hotel
#filmvillage
#hotels
#investors



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