Monday, October 27, 2014

CIS to Partner Entertainment Industry to Boost Sector’s Contribution to GDP

In a bid to further boost the contribution of Nigerian’s entertainment industry to the gross domestic products (GDP) the Chartered Institute of Stockbrokers' (CIS) 2014 annual conference will focus on the industry and the needed connection with the capital market.

Chairman of the CIS Programme Committee, Mr. Akeem Oyewale, made this known in a chat with journalists in Lagos.
He explained that the aim of the conference is to foster a beneficial relationship between the capital market and the entertainment industry.
According to him, the theme of the conference is, “The Capital Market: “The Key Catalyst to the Development of the Entertainment Industry in Nigeria.”

He explained that the capital market is a market, which provides long term funding for the entire economy.
“We believe the entertainment industry is yet to benefit from the capital market. The reach and spread of Nollywood and the music industry of Nigeria currently transcends the shores of Nigeria. We know all over Africa, Nigerian actors and musicians hold sway. Also, given the highly itinerant nature of Nigeria, one of the major exports of our country has been our entertainment industry,” he said.
Speaking in the same vein, Chairman, CIS Conference Committee, Wale Agbeyangi, explained that the CIS has put together an array of quality speakers and practitioners from both Industries.
aThe CIS, he added, believes that this conference would jump-start the conversation and the connection between the capital market and the entertainment industry.
“There are series of financial instruments that are available for the entertainment industry to optimize for both practitioners in their personal capacities and also their companies and we believe that this Conference would provide the opportunities for these engagements. The Conference would also be conducting the Investiture of new Fellows and Associates of the CIS. The Conference holds at InterContinental HOTEL IN Victoria Island on the 30th and 31st October, “he said.
See fully story: Thisday

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