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Home Business News

Lagos dismisses levy on audio and visual contents, suspends LSFVCB boss

William Ukpe by William Ukpe
September 5, 2020
in Business News
Lagos dismisses levy on audio and visual contents, suspends LSFVCB boss, Lagos SEC meeting goes virtual as full lockdown commences, Partial lockdown guidelines for businesses from May 4, Nigeria @ 60: Lagos State Government opts for a low-key celebration of the Independence Day

Governor Babajide Sanwo-Olu

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The Lagos State government has said it did not authorize any 5% levy on Audio and Visual contents of all Physical and Digital Platforms in Lagos State that was earlier reported.

This was announced in a social media statement by the Lagos State Government on Friday night.

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There is no levy on Audio and Visual contents of all Physical and Digital Platforms in Lagos State.@jidesanwoolu @drobafemihamzat @gbenga_omo#LASG #ForAGreaterLagos pic.twitter.com/xCUySmTp11

— The Lagos State Govt (@followlasg) September 4, 2020

On Thursday, the founder of Iroko TV, Jason Njoku, disclosed a request for the payment in a letter signed by the Executive Secretary of the Lagos State Film and Video Censors Board, Bamidele Balogun.

Last month, the Lagos State Film and Video Censors Board allegedly issued a 30-day notice to all content producers operating in the state to register their products through the board’s authorised agent within 30 days, adding that all audio and visual content produced and sold within Lagos State would attract the payment of 5% levy on each item.

READ: What happens after the expiration of the 99 years lease term for land?

Lagos State dissociated itself from the announcement of Executive Secretary, Lagos State Film and Video Censors Board, Mr. Bamidele Balogun demanding a 5% levy on content production.

The government said, “The Executive Secretary, who was not authorised to make such an announcement, has been suspended, pending an administrative enquiry”

“The fifth pillar of the T.H.E.M.E.S Agenda, the development policy of this Administration, is Entertainment and Tourism. Practitioners are partners in our effort to ensure that Lagos State remains Africa’s leader in entertainment.”

“The Governor Babajide Sanwo-Olu Administration is not insensitive to the fact that the industry has been badly hit by the effects of the COVID -19 pandemic and empathizes with this and other sectors of the economy.”

Media aide to the Lagos State Government, Jubril Gawat, said that the State Government was not consulted on the levy, neither was the Executive Secretary authorized to make such a statement; hence, he would be facing an administrative enquiry with a suspension.


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Tags: Bamidele BalogunLagos State Film and Video Censors BoardLagos State Government
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

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