The Lagos State Government has introduced a 5% levy on audio and visual productions just as it issued a 30-day notice for content producers to duly register their work.
Executive secretary of the Lagos State Film and Video Censors Board (LSFVCB) Bamidele Balogun gave the notice while unveiling a platform by the Performing Musicians Employers Association (PMAN) and Lafrique Promedia to track and generate revenue for entertainers.
“The board will advise practitioners involved in production, sale, distribution of audio and visual products to register their products through the board’s authorised agent within 30 days.
“Practitioners and stakeholders are also informed that henceforth, all audio and visual contents produced and sold within Lagos State shall attract the payment of 5% levy on each item.
“This exercise will, however, assist the Lagos State Government in policy formulation, with regard to planning and funding for the sector,” Mr Balogun said.
He added that violators of the registration will face severe sanctions by the board, calling for the cooperation of stakeholders to achieve the goal.
“All practitioners and stakeholders in the entertainment sector within the state are advised to comply with this directive and cooperate with the authorised agent of the board,” he said.
