Yemi Osibanjo applauds Burna Boy and Wizkid, says they are the prove the Buhari administration is hitting the Nigerian music firm right

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The vice president of Nigeria, Yemi Osibanjo, has reportedly applauded Wizkid and Burna for winning the Grammy awards. However, he said the Buhari’s administration contributed to that.

He laid emphasis and defended his claim with tremendous reasons which left the Nigerian citizens in thoughts.

In his words, he said:

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“Last year, the federal government handed over the control of the national theatre to the Central Bank of Nigeria and the Bankers’ Committee.”

“The Bankers’ Committee has committed to an investment of N25 billion as initial funding for the development of the Nigeria Creative Centre at the National Theatre, Lagos.”

“The sector will receive support from the Central Bank of Nigeria’s creative industry funds initiative, an initiative that gives financial support to the technology and creative sector at single-digit interest rates.”

“The Bank of Industry in collaboration with the National Council for Arts and Culture also has a N300 million loan package for the creative sector. The package provides the funds to the sector at single-digit interest rates with a tenor of four to five years, ”

 “But perhaps more importantly, with the Ogidi Studios, Nigeria now operates on the same level of sound and video technology with the major global players. Now the stars, not just Nigerian stars, but from all over the world have a place in Lagos that is as good as any studio they have ever recorded in.”

“World-class script writing, music recording, video making, and editing can take place under one roof, at the Ogidi Studios.

“The entire value chain in music and entertainment can now be local. So we are at the cusp of a revolution in entertainment production, creative talent and services, and a major economic opening for business in Nigeria.”


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