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Bill to Establish Trust Fund to Finance and Strengthen Entertainment Industry Passes Second Reading in House of Reps

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National Assembly Complex

National Assembly Complex

A Bill for an Act to establish a trust fund for Financing and Strengthening of Nigerian Entertainment Industry, on Thursday passed second reading in the House of Representatives.

The Bill seeks to strengthen the entertainment industry to spark job creation and economic growth.

Moving the motion for passage of the Bill, Hon. Yusuf Tijani (PDP-Kogi) said that when passed, the law that would emanate from the bill would help in the economic diversification of the nation’s economy.

Tajudeen added that the Bill would also regulate the practice in the entertainment industry and stimulate its activities with take-off grant for the trust fund from the Federal Government.

He said “the fund is to be managed by a board of trustees.”

“The board shall consist of a representative each from the Ministries of Information and Culture, Labour and Employment, and Finance.’’

The lawmaker also said that the fund would provide money to support all entertainment activities and programmes for the promotion of education, skills acquisition and training.

Passage of the Bill was unanimously approved by members through a voice vote and it was referred to the Committee on Information, Orientation, Ethics and Privileges.

The News Agency of Nigeria (NAN) was established by the Federal Government of Nigeria in May 1976 to gather and distribute news on Nigeria and cover events of interest to Nigeria at the international level for the benefit of the Nigerian Media and the Public.

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