With a view of boosting financial returns and economic growth, the United Kingdom and Nigeria have identified strongly the need and importance for countries to collaborate in the production of film contents.
They both agreed that such a move aside from increasing returns on investment will also improve film production, provide access to equipment, expertise, and promote the cultural identities, common heritage, values, and ethics across the globe.
According to their submissions such move can be achieved with the signing of Co production treaties through different financing models including Independent film studio films and SVOO platform films, types of financing including gap financing, pre sale lending, tax credit lending, completion bonds, collection arrangements, sales and distribution agreements.
On the efforts of Nigeria in securing co-production treaties , Chidia said countless cultural bilateral and multilateral treaties have been entered into by Nigeria under the platform of its membership of the African Union, United Nation and its systems, ECOWAS and similar other bodies.
