WHY INVESTORS RELUCTANT TO COMMIT FUNDS TO FILMMAKERS, BY FEMI ADEBAYO. (PHOTO).
Why investors reluctant to commit funds to filmmakers, by Femi Adebayo Seasoned actor Femi Adebayo has expressed his concern about the rising incidents of film piracy in the country. Adebayo, via his Instagram page, shared his experience in dealing with piracy perpetrators and how he was able to win the legal case against them. He lamented that the profits of the film industry have not been fully realised due to the illegal activities of movie pirates. Adebayo said: “The Nigerian film industry has experienced exponential growth over the years, but we haven’t been able to maximize the true dividends of this business because of daredevil pirates who benefit where they didn’t show. “This is a major reason why investors find it hard to commit their funds to filmmakers. However, through persistence and the use of the legal framework covering intellectual property, we can bring their activities to a gradual halt. “Several times, I have been a victim of movie pirates and I never spared them.
Lagos State Ministry of Wealth Creation and Employment has inducted the first batch of 500 graduates to its 3-month paid Internship Programme for unemployed graduates in the State.Speaking at the Induction Cerem,ony,the State Commissioner,Ministry of Wealth Creation and Employment,Mr Babatunde Durosinmi-Etti said the internship programme was designed to provide unique opportunities for unemployed graduates in the State towards enhancing the formal education they acquired and enable them to earn first-hand workplace experience to earn them jobs or make them entrepreneurs.In his words,''As a ministry,it was discovered that formal education forms 30% of what is required to face the challenges of securing a job; the remaining 70% cuts across cognitive values and gender.This will assist in building up the employability skills of our youths,this is the first batch and the next batch of 500 will be coming up at a later date''.Durosinmi-Etti stated further that at the end of the 3-month paid internship programme some of the interns might secure a job in the organization where they were deployed or decide to become an employer of labor through the assistance of the Lagos State Employment Trust Fund created to help entrepreneurs and tackle unemployment.The Commissioner advised the Interns to take advantage of the opportunity,saying ''Don't look at the N25,000 monthly taken that you will be getting from the Stat Government and the counter contribution from the off-takers,but what you will take away from the opportunity.The acquired experience can be used to harness your potentials and opportunities ahead of your''.
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