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How Buhari’s Administration Promotes Growth Of Entertainment Industry – Osinbajo

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In recognition of the strategic importance of the entertainment and creative sector in growing the Nigerian economy, the Buhari administration has in the past few years introduced several initiatives to harness the abundant potential in the country, according to Vice President Yemi Osinbajo (SAN).
Professor Osinbajo stated this over the weekend in a message delivered at the opening of the Ogidi Studios, a Lagos based world class creative complex hosting recording film production, animation and writing studios owned by the Temple Company.
The Vice President stated that last year the federal government awarded the control of the National Theatre to the Central Bank of Nigeria (CBN) and Bankers Committee. The Bankers committee has committed an investment of N25 billion as initial funding for the development of the Nigerian creative centre at the National theatre Lagos. The centre will receive support from CBN’s creative industry funds initiative that gives financial support to the technical and creative sector at single digit interest rate.
The Bank of Industry in collaboration with the National Council for Arts and Culture also has a N300 million loan package for the creative sector, the package provides the funds to the sector at single digit interest rate with tenure of four to five years.
Speaking about the gains of consistent and deliberate effort by the Buhari Administration over the years, the vice president noted that the sector and the country are now better positioned to benefit from the entire value chain.
He said: “But perhaps more importantly with the Ogidi Studios, Nigeria now operates on the same level of sound and video technology with the major global players now the stars, not just the Nigerian stars, but from all over the world have a place in Lagos that is as good as any studio they have ever recorded in.
World class script writing, music recording, video making and editing can take place under one roof at the Ogidi Studios. The entire value chain in music and entertainment can now be local, so we are at the cusp of a revolution in entertainment, production, creative talent and services and a major economic opening for business in Nigeria.
Continuing, Prof. Osinbajo explained that the world knows that the smart money is already going after the trail. Last year, Netflix opened its first African office here in Lagos and is investing millions of dollars to buy and generate authentic African content in its platform.
“A couple of years earlier, the universal music group established itself firmly and there are many others waiting to make their bid for a bit of the action.” Assuring that with the quality of investments, the future is promising for the sector. He said with the private sector putting its best foot forward in the entertainment industry, the future is certainly looking very bright for the industry and we are all looking forward to the greater investments.
While commending the owners of the Ogidi Studios, for raising the stakes in entertainment industry, Osinbajo said local creative talents can now fulfil their dreams as world class script writing, music recording, video making and editing can take place under one roof at the Ogidi Studios.
Referencing the stories of Burna Boy and Wizkid, who took the entertainment industry by storm and winning the Grammy awards, Prof Osinbajo noted that the environment had been prepared for Nigeria to produce more creative talent across the value chain in the industry.
He said on the 14th of March 2021, the duo of Burna Boy and Wizkid established themselves as amongst the best musicians in the world, following their victory in the Grammys held in Los Angeles, USA.

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Valentine’s Day: Streaming Of Heartbreak Songs Increased Massively-Spotify

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Spotify yesterday revealed a significant surge in heartbreak song streams in Nigeria during the Valentine’s Day season, with a 626 percent increase between 2022 and 2024.
This was disclosed in a statement issued in Lagos, Nigeria by Spotify’s Head of Music, Sub-Saharan Africa Phiona Okumu.
Okumu said, “Spotify data reveals a surprising trend, a massive surge in heartbreak song streams.
“Nigerians are turning to their playlists to express their emotions, with a staggering 626 per cent overall growth in heartbreak streams from 2022 to 2024.
“This Valentine, the sound of love is accompanied by the sound of heartbreak, and the data shows it’s louder than ever before.”
She said on Valentine’s Day, most surprisingly, male listeners streamed heartbreak songs at a significantly higher rate than female listeners, with a 362 per cent increase compared to 169 per cent among women.
“This could suggest that men resonate with the feeling of heartbreak more and turn to music as a private outlet for processing emotions.
“Whatever the reason, one thing is clear, when love is in the air, so is heartbreak and Nigerian men are pressing play on their pain more than expected.
“While Valentine’s Day is often celebrated with grand gestures, heartbreak is a common theme on Valentine’s Day -more than what’s publicly shown,” she said.
Nigerians will join their counterparts across the world to mark the 2025 Valentine’s today.

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Tems Becomes Co-owner Of MLS Club

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Grammy-winning Nigerian singer Temilade Openiyi, popularly known as Tems, has joined MLS side San Diego FC’s ownership group as a club partner.
SDFC announced today that Tems joined the ownership group through her company, The Leading Vibe.
In the process, Tems became the first African woman to be involved in MLS ownership.
“We are delighted that Tems has joined San Diego FC as a club partner,” SDFC chairman Sir Mohamed Mansour said in a statement.
“Tems is a globally significant artist who will help us reach new audiences and spread the word about our unique project, which, of course, has its foundations in sub-Saharan Africa through the unique Right to Dream organisation.”
Reacting to her addition as the latest partner in SDFC’s ownership group, the singer said: “I am thrilled to join San Diego FC’s ownership group and to be part of a club that celebrates creativity, culture, and the power of community.

“Football has a unique way of bringing people together, and I am excited to help build something special in San Diego, a city that thrives on diversity and innovation.”

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Toyin Lawani Cries Out Over Side Effects Of Epidural

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Fashion and beauty entrepreneur, Toyin Lawani, has claimed she is enduring back pain and that her spine is degenerating.
Lawani revealed this in a video posted on social media last Tuesday.
In the clip, she opened up about her experience with epidural anesthesia, an injection administered to pregnant women in the spine to reduce pain during childbirth.
The mother of three claimed that since receiving the injection, she has not felt like herself.
She accused doctors of not fully informing women about the long-term side effects of epidurals.
According to Lawani, she received the anesthetic injection during the birth of her last two children.
She said, “When you hear ‘epidural,’ run. Doctors tell you about the side effects but do not tell you about the long-term effects on your body. I have about three friends having the same issues that I am having.
“Like, I am just 42, how did I end up with spine issues? I have a degenerating spine. I have implants in my spine. I go paralyzed. I can’t stand for a long time. I can’t even breathe properly sometimes because it affected so many things in my body when I had the surgery.
“They will not tell you because you just want the pain to go away. I have had two epidurals. I had my first as natural birth. The last two were epidural. The last one I had epidural because I had to undergo a surgery and I had no choice.
“See, the pain does not stop. My back is killing me and my spine is degenerating.”

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