Lagos State Governor Sanwo-Olu Gives 200 Million Interest-free Loan To 37 Filmmakers

Sanwo-Olu loan

Sometime in May 2021, the Lagos State Government (LASG) announced an invitation for filmmaking applicants for a special interest-free loan, through its Ministry of Tourism, Arts and Culture. That seed has bourne fruits as 37 recipients recently received their cheques from the government.

Governor Babajide Sanwo-Olu made this investment available to the Nollywood filmmakers through the Lagos Creative Initiative (LACI), a brainchild of the state’s Ministry of Tourism, Arts and Culture.

The Governor, speaking at the event through his representative the Commissioner for Tourism, Arts and Culture Akinbile-Yusuf, said:

“I congratulate the beneficiaries of this Initiative who are receiving their Cheques today. I am without doubt that your proposals and plans must have been really compelling and convincing to the committee.

“This initiative and presentation of cheques being done today are a testament to our commitment to ensure the potentials of the entertainment industry are realised,” the governor added.”

Governor Sanwo-Olu admonished the beneficiaries to make use of the loan and pay back at the stipulated time, to enable others to be empowered.

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