admin@swagenews.com

Facebook Twitter Youtube
Swagenews logo
Home News

Through enabling laws, NASS would promote private businesses

Through enabling laws, NASS would promote private businesses

Through enabling laws, NASS would promote private businesses

Share on FacebookShare on Twitter

The National Assembly, NASS, is committed to passing laws that support private businesses and help the country’s creative industry expand, according to Ovie Omo-Agege, the Deputy Senate President, who made the announcement yesterday.

He bemoaned the fact that, while being the continent’s leader in the production of raw content, Nigeria is not doing enough to monetize it through production, distribution, or royalties.

Senator Omo-Agege speaking at the Nigerian Electronic Media Content Exhibition and Award, NEMCEA, 2022, said,  “This is the biggest event for electronic media content and the film industry, which is expected to hold yearly to bring stakeholders globally in the media industry space, to buy, sell, collaborate, aggregate, and exchange ideas around content. I commend the Electronic Media Content Owners Association of Nigeria, EMCOAN, for this initiative.

“Nigeria is no doubt a clear leader in raw content production in Africa. Nollywood, Hip Hop, Afrobeat, and our Comedians testify to this. But we are not doing enough to monetize them either through production, distribution, or royalty collection. It is also obvious that we need to be more aware that video, not television, is now more consumed by the younger people who make up a large percentage of the entertainment market.

Read Also: Experts estimate that African countries needs $1.6 trillion to fulfill its climate pledges by 2030.

“A recent survey done in over 42 countries revealed that expected video consumption on devices over the next 3 years will grow 45 percent on Mobile, 45 percent on internet-enabled TV, 40% on Tablet, and 36 percent on Laptop computers. Traditional TV grew by 0%! This led the researchers to conclude that video is not only increasingly consumed from the internet, but it is also clearly going mobile.

“Let me assure you that this National Assembly is committed to making laws that encourage private enterprises, including, of course, helping to grow the creative industry and turning it into a creative economy.”

The President of EMCOAN, Mrs. Jibe Ologeh, stated that “NEMCEA Is a very important and strategic media content event which brings together global stakeholders in the Media industry within and outside Nigeria to buy, sell, collaborate, aggregate, exchange ideas on content and also bring to fore issues and perspectives bordering on the media industry in Nigeria in particular and across Africa as a whole.

“It is noteworthy that despite being the biggest content generation hub of Africa, Nigeria has no content market to cater for its ever-growing electronic media content and film industry, this is the vacuum NEMCEA is here to fill. Being an annual event it will serve as a marketplace for the trading of media content, film, and development of co-production partnerships locally and internationally.”

Tags: NASSOmo-Agege
Previous Post

Peter Obi: We need leaders who think disruptively

Next Post

The Navy disputes NNPC’s assertion that 200,000 barrels of crude oil are lost or stolen every day

Related Posts

We have hired 70 Kano lawyers and are working to strengthen the legal field.
News

We have hired 70 Kano lawyers and are working to strengthen the legal field.

December 6, 2024
Farotimi: Afe Babalola justifies the lawsuit as the group is planning a protest
News

Farotimi: Afe Babalola justifies the lawsuit as the group is planning a protest

December 6, 2024
MARRIED AT 102, 100 A TRUE LOVE STORY
News

MARRIED AT 102, 100 A TRUE LOVE STORY

December 5, 2024
Colombian Finance Minister Accused Of Bribery Resigns
News

Colombian Finance Minister Accused Of Bribery Resigns

December 5, 2024
STUDENT GETS REWARDED FOR ACADEMIC EXCELLENCE
News

STUDENT GETS REWARDED FOR ACADEMIC EXCELLENCE

December 5, 2024
News

Pastor Tobi Adegboyega Loses Deportation Appeal Amid £1.87 Million Fraud Allegations

December 4, 2024
Next Post
The Navy disputes NNPC's assertion that 200,000 barrels of crude oil are lost or stolen every day

The Navy disputes NNPC's assertion that 200,000 barrels of crude oil are lost or stolen every day

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
We have hired 70 Kano lawyers and are working to strengthen the legal field.

We have hired 70 Kano lawyers and are working to strengthen the legal field.

December 6, 2024
Farotimi: Afe Babalola justifies the lawsuit as the group is planning a protest

Farotimi: Afe Babalola justifies the lawsuit as the group is planning a protest

December 6, 2024
Bobrisky Brags About Having Painful Period Pain

Bobrisky Brags About Having Painful Period Pain

December 6, 2024
World Bank To Give $100bn Loan For Poorest Countries

World Bank To Give $100bn Loan For Poorest Countries

December 6, 2024

Recent News

We have hired 70 Kano lawyers and are working to strengthen the legal field.

We have hired 70 Kano lawyers and are working to strengthen the legal field.

December 6, 2024
Farotimi: Afe Babalola justifies the lawsuit as the group is planning a protest

Farotimi: Afe Babalola justifies the lawsuit as the group is planning a protest

December 6, 2024
Bobrisky Brags About Having Painful Period Pain

Bobrisky Brags About Having Painful Period Pain

December 6, 2024
World Bank To Give $100bn Loan For Poorest Countries

World Bank To Give $100bn Loan For Poorest Countries

December 6, 2024

SWAGENEWS brings to you undiluted and detailed reports, news and updates that seeks to inform, engage and empower the world. We expose the information that wasn’t known before or current events broadcast over the radio, television, online or in print media. 

Facebook Twitter Youtube

More from Us

  • WORLD NEWS
  • Covid-19
  • HEADLINES
  • AVIATION
  • Columns
Menu
  • WORLD NEWS
  • Covid-19
  • HEADLINES
  • AVIATION
  • Columns

Contact

  • Contact Us
  • Work with Us/ iWitness
Menu
  • Contact Us
  • Work with Us/ iWitness

© 2024 Swage Media, All rights Reserved