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Friday, September 25, 2020
Home Latest News Entertainment Lagos State government says the 5% levy on content creators should be...

Lagos State government says the 5% levy on content creators should be disregarded

A few weeks ago, a letter was sent out to content creators, including Iroko TV and Netflix, demanding a 5% levy on content produced in Lagos. 

The 5% payment for “all audio and visual contents sold, distributed, marketed, exhibited, streamed, downloaded or shared across either digital or physical platforms” was supposedly to “assist the Lagos State Government in policy formulation, with regard to planning and funding for the sector.”

Well, content creators can now rest easy because it appears that the letter was unauthorized.

The senior special assistant to the Lagos State Governor on New Media, Jubril Gawat, said that the letter was sent out by the executive secretary of the Lagos State Film and Video Censors Board (LSFVCB), Bamidele Balogun.

He added that the Lagos State Government did not approve the levy and the secretary has been suspended pending an administrative query.

“The Governor Babajide Sanwo-Olu‘s Administration is not insensitive to the fact that the industry has been badly hit by the effects of the COVID19 pandemic and empathizes with this and other sectors of the economy,” the statement continues.

“All stakeholders in the Entertainment Industry are advised to disregard the said publication”.

Simbiat
Simbiat Haroun studied Computer Science at the University of Lagos. She enjoys doing research and spends most of her time reading. She can be contacted at simbiat@sidomexuniversal.com.

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