Lagos State Commissioner for Tourism Arts and Culture, Mrs Uzamat Akinbile-Yusuf has reiterated the commitment of the state government to the development of the animation industry through specific programms that provide capacity development and funding to the creative sector.
At the official flag off at the 6th Lagos International Festival of Animation (LIFANIMA) in Lagos on Wednesday, Akinbile-Yusuf, who was represented by the Executive Secretary of the state Film and Video Censors Board, Mrs Bukola Agbaminoja, stated that with the development of the Lagos Film City, the entire spectrum of the creative industry would be adequately accommodated and developed to deliver maximum economic potential to the state.
During the panel session, which had the theme, “The Future of African Animation”, the sector’s experts revealed that the global value of the animation industry is expected to grow to $600 billion by 2030. The specialists emphasised the need to develop the local animation industry to effectively tap into this huge economic value.
The panel comprised Senior Vice President at Global Business Development, TRACE TV, Sam Onyemelukwe; CEO of Basement Animation, Mbutidem Johnson; CEO of Spoof Animation, Ayodele Elegbe; and Founder of Radioxity Media, Esther Kemi Gbadamosi.
During the session, Agbaminoja revealed the funding programme of the state — the Lagos Film Fund, through which producers can access zero interest loans for their films.