The ever growing Nigerian entertainment industry will be the key focus when the Chartered Institute of Stockbrokers, CIS, meet for its annual conference.
With the theme, The Capital Market: The Key Catalyst to the Development of the Entertainment Industry in Nigeria, the stockbrokers said there was a need for connection between the entertainment industry and the capital market.
According to Akeem Oyewale, the chairman of the CIS programme committee, who spoke with journalists in Lagos, the conference would foster a beneficial relationship between the capital market and the entertainment industry.
He explained that the capital market was a market, which provided long term funding for the entire economy.
“We believe the entertainment industry is yet to benefit from the capital market,” he said. “The reach and spread of Nollywood and the music industry of Nigeria currently transcends the shores of Nigeria. We know all over Africa, Nigerian actors and musicians hold sway. Also, given the highly itinerant nature of Nigeria, one of the major exports of our country has been our entertainment industry.”
The chairman of the conference, Wale Agbeyangi, explained that the CIS has put together an array of quality speakers and practitioners from both Industries.
“There are series of financial instruments that are available for the entertainment industry to optimise for both practitioners in their personal capacities and also their companies and we believe that this conference would provide the opportunities for these engagement,” he stated.
The conference, which holds at the Intercontinental Hotel in Victoria Island on the October 30 and 31, would also see the investiture of new fellows and associates of the CIS.