The Lagos State Government has signed a Memorandum of Understanding with Del-York Group for the construction of the state’s first film and media city.
This was revealed in a statement made available to The PUNCH on Wednesday, noting that the proposed film and media city will be built in Epe, Lagos State.
The statement read: “Over the past 18 months, Governor Babajide Sanwo-Olu has worked tirelessly, hand in hand with the Del-York Group, to secure strategic location and investors, including a recently concluded trade mission. in Washington DC with the President. of the Del-York group, Mr. Linus Idahosa, to meet American investors. The Governor, after watching Film City’s futuristic video presentation, recognized it as “a demonstration of the commitment” of Del-York to the success of this project.
“Lagos State Government is committed to investing in this project which will be inaugurated in the near future. With the creative industry accounting for 1% of Nigeria’s GDP at $1.8 billion in 2020, Africa’s film and media city is poised to make Lagos State even more prosperous.
“The Del-York Group, a strategic partner in building this one-of-a-kind venture, is working with Storyland Studios, America’s leading theme park and entertainment company, to realize this vision.
“The 100-hectare project, Africa film and media city, is located in the Epe district of Lagos in Ejirin City and will support a multitude of spaces for creatives and a wider community. It will serve as an all-in-one facility with recreation, entertainment and learning infrastructure plans. It will also have a professional university, housing and numerous state-of-the-art studios to support television, radio and film on different scales through pre-production, production, post-production and distribution. .