Lai Mohammed explains commercialisation of Nigerian Film Corporation
Written by admin on September 21, 2020
The Federal Government says it is reforming and commercialising the Nigerian Film Corporation (NFC) to address the agency’s teething challenges with the intention of repositioning it for improved performance.
The Minister of Information and Culture, Alhaji Lai Mohammed, made this known on Monday in Abuja while inaugurating a Steering Committee for the Reform and Commercialisation of the Corporation.
He said the federal government has engaged the services of a Business Development Consultant to conduct an audit on the corporation and sector and recommend a strategy that is suitable for its reform and commercialisation.
Mohammed said the NFC, which was established with a mandate to plan, promote, organise and co-ordinate the development of the Nigerian motion picture industry, has not been able to meet up with its statutory functions.
He noted that since its establishment, the Corporation has faced several challenges including inability to engage in commercial film production.
The minister said the law establishing NFC limits its operational functions such that it cannot leverage on the private sector-led growth of the industry.
He added that the National Film Institute (NFI), a unit in NFC, is not empowered to leverage its technical and professional capabilities for commercial purposes and revenue generation.
Mohammed said the NFC’s civil service structure comes with bureaucratic limitations, budgetary constraints and operational inefficiency.
“A critical look at the existing organisational structure shows that NFC is over-bloated and needs to be restructured to reflect its purpose.
“NFC has obsolete equipment, with some dating back to colonial times,” he said.
The minister noted that the reform of the corporation will help in the efforts of the government to reposition the nation’s film industry, Nollywood, and make Nigeria the capital of entertainment in Africa.