The entertainment industry in Nigeria, especially the movie sector, is set to witness a significant attention in 2017 as the Lagos State government is planning a five standard community theatre complex across the five division of the state.
This is part of plans by the state to develop the tourism and entertainment potentials of the state, a handsome chunk would be committed to build the cinemas as well as embark on the construction of a museum in Ikeja, Lagos.
While presenting his “Year 2017 Golden Jubilee Budget” to the State House of Assembly on Tuesday, Governor Akinwunmi Ambode hinted that the state government has budget a whopping estimate of N512.46bn for capital expenditure in a year that Lagos will be celebrating its 50th anniversary.
The state in 2017 budget has a Capital Expenditure of N512.46 billion and a Recurrent Expenditure of N300 billion: a 63 per cent – 37 per cent capital to recurrent ratio proposal.
Five new stadia and a flyover bridge at Pen Cinema are also among major projects the state would embark upon in 2017.