Author: The Nation

  • PalmPay raises $40m from Tecno Mobile

    By Chinyere Okoroafor

    African payments startup firm, PalmPay, has announced a $40million seed round as the firm launches financial services in Nigeria.

    The round was led by leading mobile phone brand Tecno Mobile. NetEase, one of the largest internet technology companies in China and Mediatek, a leading semi-conductor firm, also participated in the round.

    The firm will use the cash to grow its digital financial services businesses in Nigeria, Ghana and to support upcoming launches in several other African countries.

    PalmPay offers consumers a range of digital services via its mobile app, including P2P transfers, airtime and bill payment. Billing itself as “the payment app that rewards you”, its USP of offering cashback and discounts to its users has caught on in the price-sensitive Nigerian and Ghanaian markets.

    In Nigeria, PalmPay is offering 10per cent cashback on airtime purchases and bank transfer rates of N10 with free deposits and withdrawals to its mobile wallet. Over a million transactions have been made on the platform within its first two months of pilot operations and the company is now eyeing rapid expansion.

    PalmPay also announced a strategic partnership with major mobile phone brands Tecno, Infinix, and Itel, which will see the payments app exclusively pre-installed on at least 20 million phones in 2020. The mobile app is also available for download on the Google Play Store and iOS App Store.

    In a market where only 40per cent of adults have access to a formal financial account, PalmPay plans to provide for both banked and unbanked consumers to help it achieve nationwide reach. To do this, the company has obtained an Approval-in-Principle to operate as a Mobile Money Organisation (MMO) from the Central Bank of Nigeria (CBN). This allows it to build an agent network to facilitate in-person cash in and cash out to its mobile wallet.

    First in line to be converted to PalmPay agents are the thousands of retail stores that are part of the Tecno distribution network, and the company is in the process of onboarding independent agents too.

    PalmPay’s stated aim of including the unbanked in its payment platform comes at a time when the Nigerian government is promoting several policies and initiatives aimed at furthering financial inclusion.

    The CBN plans to ensure that 80 per cent of Nigerian adults are included in the financial net by 2020. It launched the National Financial Inclusion Strategy (NFIS) in January 2012 to help achieve the set target.

     

    However, recent data by EFInA put Nigeria’s financial inclusion rate at 63.2 per cent, meaning that as much as 36.8 per cent of adults still lack access to financial services.

    Read Also: Visa praises Fintech’s feat

    This year, the current CBN Governor Godwin Emefiele also re-affirmed the nation’s cashless policy. The policy intends to encourage electronic payments, with the objectives of developing the payments system, as part of the key requirements for achieving the Payments National Vision; whilst reducing the risk and costs associated with high usage of cash.

    PalmPay also aims to onboard the over 100,000 merchants that are part of the Visa network in Nigeria. Earlier this year, PalmPay and Visa announced a strategic partnership to deepen financial inclusion in key African markets through joint initiatives including technical integrations, virtual cards, and merchant payment solutions.

    This ecosystem approach is key to PalmPay’s strategy as the company aims towards becoming Africa’s largest financial services platform. “Our goal is to provide the best choice and value to consumers in the market, and to achieve this PalmPay should be a one-stop financial hub,” says Greg Reeve, PalmPay Global CEO. “We want to focus on providing the most reliable payments infrastructure and widest reach and we are happy to partner with other players in the market who would like to benefit from this to jointly offer the best value to our user base.” Such partnerships are already in the works in the areas of e-commerce, lending, and communications, Reeve said.

    For TECNO, the investment in PalmPay seemed like a natural next step as it seeks to develop its mobile ecosystem. “Tecno has helped expand access to smartphones among the Nigerian population. We are now looking to leverage this infrastructure to further improve people’s lives,” said Stephen Ha, General Manager of TECNO Mobile. “We see a huge growth opportunity in mobile payments and financial services on the continent and are looking forward to working together with the PalmPay team to help shape the future of payments in Africa.”

  • Leveraging merger synergy for higher performance

    Access Bank Plc has posted improved performance for the nine months ended September 30, 2019 reflecting the positive impact of its merger with former Diamond Bank Plc. The bank achieved 44 per cent growth in profit after tax (PAT) to N90.7 billion in third quarter 2019, up from N62.9 billion in the corresponding period of 2018. The strong retail contribution to the bank’s performance demonstrates the effectiveness of its drive around low-cost deposits and continued support for the Central Bank of Nigeria’s (CBN’s) financial inclusion directive, writes COLLINS NWEZE.

     

     

    When Access Bank Plc cemented its merger with former Diamond Bank Plc last year, many people saw the move  as savvy, but were not sure the level of benefits the synergy would bring.

    But the picture of what to come became clearer after Access Bank Plc’s nine months ended September 2019 results were announced. The bank posted a growth of 44 per cent in profit after tax (PAT) to N90.7 billion in 2019, up from N62.9 billion in the corresponding period of 2018. The bank equally achieved N103.1 billion profit before tax (PBT) as against N70.26 billion, representing 46.73 per cent year-on-year growth when compared to 2018 results for same period.

    Other major gains were recorded on forex trading gain of N23 billion, compared to loss of N24 billion in second quarter. The bank also booked N4.6 billion write-back on previous impairment of financial assets, which moderated total provisioning over third quarter of 2019 to N5.7 billion.

    The results summarised the significant improved performance, reflecting the positive impact of the merger.

    Analysis of the performance showed that Access Bank Plc ended the period with net interest income of N210 billion, compared with N123 billion in 2018, while non-fee income rose from N37 billion to N56 billion. Impairment charges stood at N10.611 billion, compared with N8.353 billion in 2018.

    Personal expenses rose from N41.4 billion to N54.6 billion, while other operating expenses increased from N82 billion to N121 billion in 2019. Despite the high costs recorded, Access  Bank Plc posted a profit before tax of N103 billion in 2019, up from N70.2 billion in 2018, while PAT rose by 44 per cent to N90.7 billion, from N62.9 billion in 2018.

    A further breakdown of results indicated that its merger with defunct Diamond Bank is yielding fruits as deposits soared from N2.56 trillion to N4.24 trillion. Total assets jumped from N4.942 trillion to N6.58 trillion.

    Assessing the results, analysts at FBN Quest said: ‘’Access Bank’s   PAT implies return on average equity (ROAE) of 23 per cent, much higher than management’s guidance of 20 per cent.

    “Pre-provision profits grew by 60 per cent to N105.7 billion, thanks to strong double-digit growth on both revenue lines. Although funding income grew by 46 per cent, growth on the non-interest income line was even stronger at 77 per cent.

    “The solid growth on this line contrasts starkly with the lackluster performance on the line in second quarter 2019. The strong growth on the line was underpinned by a 150 per cent growth in fee and commission income and forex trading gains which were up by around 474 per cent. Substantial recoveries of around N8.9 billion made during the quarter as against N1.4 billion in third quarter 2018 were also supportive,” the analysts explained.

    Access Bank Plc Group Managing Director/CEO Herbert Wigwe  had emphasised the bank’s  strong acquisition and integration track record.

     

    Key performance drivers

     

    Financial market analysts insist the merger brought together the two banks’ shared focus on innovation, financial inclusion, and sustainability to the benefit of the customers, staff and shareholders.

    When Access Bank Plc posted similarly impressive performance in half year ended June, the Group Managing Director/CEO, Herbert Wigwe, said their focus  on retail market gained momentum and would be maintained going forward.

    “The strong retail contribution demonstrates the effectiveness of our continued drive around low-cost deposits, on the back of an innovative digital platform. Asset quality improved as guided, to 6.4 per cent on the bank of a robust risk management approach. This is expected to trend into the future as we strive to hit and surpass the standard we had built in the industry prior to the merger. Similarly, liquidity ratio improved year on year to 49.7 per cent, reflecting deliberate steps to optimise our balance sheet in order to ensure the group’s liquidity position remains robust,” Wigwe said.

     

    Post-merger integration

     

    Access Bank Plc had last month announced completion of the second phase of its post-merger integration, where it has brought together all its core banking platforms.

    In a statement, the bank said that the completion of this phase heralds the delivery of one of the most robust banking platforms in the world that will serve its  growing base of over 30 million customers seamlessly and enhance its service delivery and uptime targets.

    “One of the benefits of the integration is the simplicity of initiating and receiving bank transfers, as customers will no longer need to select between ‘Access’ or ‘Access (Diamond)’ when transacting. Customers simply need to select ‘Access Bank’ for all transactions,” it said.

    Wigwe lauded the various committees for their effort during the period of the integration, saying, “A special thank you to the integration committee for ensuring all the milestones expected at the various stages of integration were achieved within the scheduled timeframe.”

    Appreciating customers for their  trust and support throughout the integration phase, the Executive Director, Retail Banking, Access Bank Plc, Victor Etuokwu, added that the Bank is now better positioned than ever to serve its customers with the best solutions and service the industry has to offer.

    He said: “Delivering the best services possible to our customers remains our highest priority.  We can now offer the best digitally-driven financial solutions that will make our customers’ transactions simpler, faster and convenient.”

    Read Also: Court bars 22 banks from honouring National ID smart cards produced by MasterCard

     

    Merger gains  

     

    The bank said the merger has brought  the power of banking to millions across Nigeria. It is  focused on speed, service and security. “We are determined to ensure that our customers will experience no disruption to normal banking services while we join forces to create Nigeria and Africa’s largest retail bank by customers. While there may be some changes in due course, we are committed to inform you ahead of time and in a way that is most convenient for you,” the bank said.

    Executive Director, Personal Banking, Access Bank Plc,  Victor Etuokwu, had during a media briefing in Lagos said: “ It is a merger of two big banks to meet the needs of customers. We are going to run the mobile Apps of both banks side-by-side until when they will look alike, and when eventually integrated, customers will not even know. We know that Diamond Bank Mobile App is a market leader and we will leave it that way and same thing applies to the Diamond Extra.”

    Continuing, he explained that where there are two close branches of both lenders, the customers will be the ones to determine which one will be closed, based on performance.

    “If we have two branches like in Gbagada, Lagos, we will keep both of them open for one or two years. Then we will see where the customers go. Our customers will decide where they want to go. For us, we believe that the customer is king, and this merger is about giving the customer the best of services and value,” he stated.

    Findings also showed that existing Diamondxtra customers have nothing to worry about as the reward scheme is not changing and winners has continued being paid while new winners continued to emerge. In fact, with the merger with Access Bank, Diamondxtra has become bigger and better as the scheme has been opened to Access Bank customersThe merger has created over 13 million mobile customers, 3,100 Automated Teller Machines, over 600 branches and 30 million customers.

    Analysts said some other objectives behind mergers of the banks include increasing customer base and expanding into new activities. Another important advantage of merger is that the process reduces competition and eliminates competitors from the banking industry.

    Lagos Chamber of Commerce and Industry (LCCI) Director-General, Muda Yusuf, said the first gain of the takeover is that former Diamond Bank has been saved from going under and the economy protected from the consequences of such occurrence.

    “Today, the good thing is that depositors fund is safe. Some of the employees are not likely to lose their jobs since it is acquisition, and that is good for the economy. If Diamond Bank had failed completely, there would be systemic effect. In terms of foreign perception, acquisition or merger is better than bank failure,” he said.

     

     

  • Digital tourism visa to be out soon

    By Ozolua Uhakheme, Assistant Editor Arts

     

    The Comptroller General of the Nigerian Immigration Service, Muhammad Babandede, MFR, has revealed the plans to digitalise tourist visa before the end of the year.

    He assured that the digitalisation of tourist visa, which is ongoing, would further improve tourism and the ease of doing business in Nigeria.

    Babandede made the disclosure when the Director-General of the Nigerian Tourism Development Corporation (NTDC), Mr Folorunsho Coker and his team paid him a courtesy visit in his office.

    He explained that the tourist visa would be web-based, saying: “Everything will be digitalised with no physical contact with anybody. Once you apply online, upload your application, submit, pay, and get approval, you start coming and within 24 to 48 hours, you get your tourist’s visa”

    The Immigration boss observed that Nigeria is quite liberal with tourists’ visa for people coming to the country for religious tourism. “We give them visa-on-arrival for certain churches because we know their spending will boost our economy”, he said.

    However, Babandede pointed out that there are challenges in making tourists visa liberal because tourism has become the weakest link for entry into Nigeria but tourism visa will be possible without compromising national security.

    He then promised to look into seeping the access for VOA to tourists once certain parameters where in place.

    The Immigration boss, however, explained that the Migration Information Data Analysis System (MIDAS) launched by the Minister of Interior, Rauf Aregbesola will assist with statistics of tourists visiting Nigeria and more online

    For NTDC boss, the ease of tourists coming into Nigeria and doing business in the country lies heavily on the successes of the visa-on-arrival for tourists.

    Read Also: Immigration Service intercepts 32 illegal migrants in Niger

     

    “We would essentially like to collaborate with the NIS to establish a seamless channel through which we can adequately furnish you with information on tourism activities to enable us to work better and ease bottlenecks.

    “I have noticed that the embarkation and disembarkation cards are difficult to write on because the boxes are too small, I humbly suggest that the card be uploaded online so that, from your electronic gadget, phone or laptop, you can fill the card online, this will better foreigners’ experience”, he said.

    Coker thanked the Nigerian Immigration Service (NIS) for the facilitation of data collection and services, especially at the land borders while imploring NIS to assist the Corporation with complete data. “I will also ask on the other hand that some of the data we get is limited because we do not have a permanent presence at the borders. But the complete data that you have can assist us with the right data to the National Bureau of Statistics and Central Bank of Nigeria. So we would like to plead with you that the data starts to flow again monthly towards us.”

     

  • ‘Access The Stars’ kicks off in Abeokuta

    By Eke Praise

    The music talent hunt television reality show, ‘Access The Stars’, has officially kicked off with auditions in Abeokuta, Ogun State on Monday.

    Hosted by Dare Art Alade with Olive Emodi as co-host, ‘Access The Stars’ will air on Hip TV, Africa Magic, Views channel and Accelerate TV.

    The show will showcase a number of budding talents across Nigeria who will be selected by celebrity judges and will grace the stage with a line-up of some of the best artists in the Nigerian music industry. The move is aimed at giving a chance to burgeoning music stars to learn from their celebrity role models and get access to shine more.

    They will showcase their talents to a global audience as they go on tour with the A-list stars on ‘The Trek’. The roadshow started on Monday in Abeokuta and it will hit major cities including Lagos, Onitsha, Owerri, Calabar, and Abuja.

    The show is a fusion between Access Bank Plc. and the Nigerian Breweries’ Star Lager Beer .

    Read Also: ‘Most music legends are not versatile’ – Singer, Simi

     

    Speaking on the drive behind the initiative, Sarah Agha, Portfolio Manager, National Premium Brands, NB Plc. said; “Access Bank and Nigerian Breweries have the shared interest of serving Nigerian’s, and through this partnership, we are harnessing our collective strengths to shape an exciting future. Via this collaboration, we will give hidden gems the access to shine more by discovering, polishing and showcasing them to Nigerians, Africans, and the world.”

    According to Herbert Wigwe, Access Bank MD/CEO, the show is borne out of the desire of both brands to continue to connect with people through music.

    “Both our brands share a long history of creating excellent musical experiences for not just own customers, but the wider Nigerian audience and this is us expanding on that,’’ he said.

     

  • Happy ending for Teddy A and BamBam

    By Sampson Unamka

     

    Big Brother celebrity lovebirds, Teddy A and BamBam over the weekend finally tied the knot in Dubai, UAE on Saturday.

    This is weeks after the couple held their traditional wedding in August at BamBam’s hometown in Ilaro, Ogun State.

    The wedding was filled with stars, some of whom attended the One Africa music fest, which also was held in Dubai over the weekend.

    Read Also: Bam Bam, Teddy A, others star in new movie, ‘No Budget’

     

    Some ex-Big Brother house mates in attendance were Mercy, Ike, Ifu Ennada, Belinda Effah, Linda Osifo, Frodd and Omashola.

    During the ceremony, the couple came out in different outfits. They were styled by Toyin Lawani and Izien Aigbodion.

    Although Big Brother Naija reality show has been described as many things by viewers and fans, some housemates have found love on the show.

     

  • Clintonic Strings Live in Concert holds

     

    Clintonic Strings is set to treat lovers of good music and live band performance to a night of excellence as he and his crew holds the second edition of his show. The event holds on November 24 at the Radisson Blu hotel Victoria Island, Lagos.

    In an interview with The Nation newspaper, the graduate of the Musical Society of Nigeria (MUSON) said; “This second edition is fully packaged to uplift the soul of attendees as the bar has been raised. The concert is a place to unwind and have some real unusual fun with friends and family.”

    He also said that the winner of voice Nigeria season 2, Idyl, Cill Soul, Precious Emmanuel an others will perform at the event.

    Read Also: Deliver soul-touching songs – Gospel artiste

     

    Clinton Strings also known as Clinton Akinkuloie is a Violinist. His first concert which held a year ago at the Muson Centre featured Music – Comedy – Arts and several other side attractions.

    “Every tree started out as a seed. Hence, my crew learnt early enough not to despise the days of beginning and we managed to successfully stage a world class event at the first concert without much external support; and we are already working on the second concert in the same vein knowing fully well that our increased successes will attract sponsors by free course.”

    Clintonic Strings has worked with top Nigerian music artistes like Sinach, Frank Edwards, 2Baba and Dija.

     

  • I want an African passport as powerful as American passport, by Burna Boy

    By Sampson Unamka

    Music star Burna Boy has replied Aka and South Africans via his twitter social media platform.

    This happened at the weekend after Burna boy announced his attendance of the “‘African Unite event scheduled to hold in SA. “The first of many,” Burna Boy said.

    “Part of the proceeds will be donated to the victims of xenophobic attacks by me! I really hope we can all keep contributing in our own way to make the world a better and safer place for each other. #Africansunite , it’s bigger than all of us.”

    South African Rapper Aka had demanded an apology from Burna boy. This was after Burnaboy, who promised never to visit South Africa again, threatened him with violence.

    Aka said: “Ek se … Burna Boy. All we want is an apology. We know SA is not perfect, but we took you in as our own before you reached these levels. You say you are an AFRICAN GIANT, prove it.”

    The drama started in a series of tweets in September when Burna Boy urged black foreign nationals living in South Africa to defend and protect themselves against xenophobic attacks. In a now deleted tweet, he also told Aka to beef up his security, before giving him the middle finger.

    Meanwhile, Aka tweeted things that stirred Burna Boy’s reaction. Fans had accused him of being xenophobic and Burna Boy warned the SA rapper to be fully protected the next time they happen to meet. Burna also vowed never to visit South Africa again.

    Aka’s tweets came after the Tshwane Entertainment Collective expressed concerns over the Nigerian star performing in SA. The group had penned an open letter to the Minister of Sports, Arts and Culture, Nathi Mthethwa.

    Read Also: MTV Europe Music Awards 2019: Burna Boy wins best African act

     

    After several threats from South Africans to Burna Boy not to show up for the concert, Burna Boy finally replied.

    “Please my people, there should never be a South Africa vs Nigeria war or any African country vs African country war, Ever,” he tweeted.

    “We must unite by any means for the future of our children and their children. I want a united African passport that will be as powerful as the American passport.

    “Saying I misled people? That I made up the xenophobic attacks  and I should apologise. Really? In 2015, even I was a victim of the misguided hate. So, I know. Go and demand apologies from your real enemies. I am not your Enemy. I will not be called “foreigner” I am AFRICAN.

    “Let’s not act like xenophobia is not real in South Africa; let’s not act like Nigerians, Tanzanians, Zimbabweans and many other African have not been victims in the last three years. Please, let us all do our part to unite Africa.”

    Further replying a hate speech from a South African, Burna said: “ I’m coming and you and anyone against have to kill me to stop me.”

     

    ‘We must unite by any means for the future of our children and their children. I want a united African passport that will be as powerful as the American passport’

  • 30 countries for INAC expo

    By Ozolua Uhakheme, Assistant Editor Arts

     

    No fewer than 30 countries will participate in this year’s annual International Arts and Crafts Expo (INAC) opening today till November 24 at the FCT Exhibition Pavilion in Abuja. This year’s exhibition is an upgrade from the 23 counties that exhibited last year.

    Director-General, National Council for Arts and Culture Otunba Segun Runsewe has assured that everything is in place to stage another showpiece that confirms INAC as Nigeria’s number one global exposition.

    Organised by NCAC, the exhibition will feature countries from virtually every continent of the world in what has become a tradition since the Expo was expanded by Runsewe from African Art and Crafts Expo (AFAC) in 2017 to a global affair.

    Read Also: Arts and Culture ambassador lauds Ekiti konga drummer

     

    Otunba Runsewe disclosed that this year’s INAC aligns with NCAC’s Corporate Social Responsibility and will feature components like free skill acquisition, free medical services, waste to wealth initiative, investment forum and many other aspects aimed at empowering Nigerians.

    He expressed satisfaction at the massive mobilisation of equipment  to the venue including world class pavilions, a media/ICT centre, mobile toilets, state-of-the-art stage by renowned event management outfit, “I Am” and emergency vehicles all of which will be on ground throughout the duration of the Expo.

  • Towards sustaining UI intellectual art tradition

    By Evelyn Osagie

     

    Chief of Staff to the Osun State Governor Charles Akinola has reiterated the importance of sustaining the vibrant intellectual tradition of the University of Ibadan (UI) .

    He made the observation at a fine art exhibition, hosted by the Institute for African Studies (IAS), through the Cornelius Adepegba Museum of African Arts, at the UI convocation.

    With the theme “Current Rhythm”, the exhibition had works of sculptor Adeola Balogun on display; it was curated by Prof. Ohioma Pogoson, a former IAS director.

    The art show, whose works on display interrogate existential challenges in the society, had in attendance Prof. Edith Jaiyeoba, who represented UI Vice Chancellor; Elepe of Epe, Oba Adewale Osiberu; Alaperu of Iperu, Oba Adeleke Basibo, and columnist at The Nation newspaper, Tunde Fagbenle, among others.

    Akinola, who chaired the event,  was visibly delighted to  be back on the UI campus where he had his post- graduate studies and also lectured for a decade. He underscored the importance of art to the society as a tool of reflection and introspection.

    He said: “The place of art in social life would ordinarily not require any justification, insofar as we can claim that art is one of the attributes of our humanity. It gives us pleasure and can also disturb us. The disturbance of art can be one of those ways through which the society reflects on itself, considers its options, and projects its future.

    The works on display give aesthetic pleasure. They are products of wonder. We cannot doubt that they came from the hands of a master. We would want to own them, being confident that they will strike whoever beholds them with the force of their beauty.

    “Adeola Balogun is of that school of production that considers nothing to be waste that sees the good that can be processed out of things that others have thrown away. On the other hand, these works engage topical issues, for this is an artist who treats socially conscious themes in his works, and in doing this, he provokes us to think along with him.”

    Akinola, a notable art collector, said art is not only a medium of exciting the imagination, but provokes thoughts towards nation-building, while stating that the institution for its contribution to the development of arts and culture in the country.

    Read Also: ‘Arts and culture, vehicles of national unity’

    He said: “As a foremost institution where the culture of rigorous and critical interrogation of society’s challenges has been sustained, the exhibition ceremony, now in its 11th year, among other achievements, attests to UI’s leading role as a benchmark of intellectual life in Nigeria.

    “Such a ceremony provides the university with an opportunity to show to the society what it has done in the lives of the students who came into it as novices. But beyond that, it is also a ceremony of culture that promotes the artistic relevance of our art through the annual event.”

    Akinola, who was honoured at the exhibition ceremony for his involvement to the development of arts, asserted that: “I consider it a great service to the society that the university has sustained the art tradition through events, like this prestigious exhibition as an aspect of its anniversary celebration, providing both graduating students and those celebrating with them something to excite their imaginations and provoke their thoughts. It is a fitting way to mark festivities of this magnitude. It sets the standard for all the other universities in the country.”

  • ‘Nollywood not there yet’

    Chris Akwarandu is an academic and actor. He has taught for 10 years at the Universities of Jos and Lagos. At the Unity Festival at Muri Okunola Park, Victoria Island, Lagos, he spoke with OMOLOLA AFOLABI on the movie industry and the  proposed school for dramatic arts, among others.

     

    Theatre in Nigeria witnessed the contributions of legendary thespians like the late Hubert Ogunde, Duro Ladipo and Ola Balogun before the birth of Nollywood. How well do you think it has  excelled?

    Theatre has been domiciled in institutions. Like some of us passed through theatre schools and all that. So, if it doesn’t come onto the streets, you’re only doing the academic part of it and you have not internalised it into the society. Nollywood as it were, effectively started in 1993 with Living in bondage with the Alaba Market businessmen. It involved you producing and selling on the streets, but it wasn’t structured then. When Silverbird Galleria came in, it moved away from the streets and moved to the cinemas. Unfortunately, we don’t have a thriving cinema culture because people need to have cinemas located 200 to 300metres close to their locations. Improvement in the industry came when MNET and DSTV began the process of buying movies, sponsoring soaps and they encouraged a film system, quality control and acting started improving. But, there were one or two challenges: when you listen to Nollywood actors many pretend to have accent; there are also emphasis on face especially light-skinned actors. So summarily, we need to move away from the superficial.

    What standard would you recommend?

    Acting is poor except for those who passed through training. There has to be a process of training so that people can learn and do not just become actors because her boyfriend is a producer. Or if you accompany a friend to a shoot, they shouldn’t bring such person on stage because they need an extra.

    We need to begin to sift the real professionals from the gate crashers who want to use Nollywood to become popular. So, it has to be professionalised, which means there must be rules, regulations, there must be entry point, exit points and remuneration based on grading, performance and training.

     There are some A-list actors and producers, who have remained consistent over the years. Would you say they haven’t been doing enough in replicating themselves?

    I would say no! But, of course, there is a movement. People are learning from them and they appreciate them. There is still at least one percent. We need to take acting and production from the universities to the streets.

    Isn’t one per cent too little?

    Oh, this is a call to action so people can see there is a lot to deal with and should therefore take appropriate actions.

    Does that mean every aspiring actor must pass through the university, even if he or she is exceptionally talented?

    Yes, you know the industry is all about 40 per cent talent, 40 per cent education and 20 per cent practice. If you don’t have the talent, then it would be very hard for you to adapt. But if you have talent without education its possible you’re relegated, and if you do not have neither talent nor education and you practice, you may become rustic.

    Read Also: Nollywood producers need to utilise emerging opportunities – Nodash

     

     Has our education system been doing enough in nurturing these talents?

    I agree that our education system itself has a problem and there is a need for an emergency so that we can begin to have practical teachers and not just contractors who are teachers. We need to have students that are willing to learn and to practically demonstrate what they have learned, not students who will go through higher education to have a certificate for a meal ticket. |So, the orientation needs to be changed for people to go to school to acquire knowledge in order to impact that in the society. Then we will begin to see some differences.

     Where do you think the revamp should start from – the academics or Nollywood?

    First of all, Nollywood needs to revamp itself and it is good to know that acting has improved with a few people. But, the worst thing is the script. There has to be a convergence between the young and the experienced in productions in order to give productions some quality and the producers some leverage. We also need to learn how to tell our stories. Most of these productions are not original stories and the conversations must revolve around telling authentic stories. We need to be original and deliberate and this can begin to happen when people are exposed and educated.

    As an actor and film maker, how would you appraise Nollywood as a factor in promoting a unified Nigeria?

    Well art is a reflection of the society. From the time of the Ogundes, the Baloguns and others, we have been mirroring the society, from stage to television, radio to celluloid and then the cinemas. It gets better with age and time. However, no doubt the industry has contributed immensely to cohesion of the tribes and the understanding of our culture because lot of scripts emanate from culture. So, it is not just about imagination but it has a lot to do with the internalisation of the concepts. A lot of them emanate from the society experientially. For instance, there is a script I have been working on for over 14 years; it’s a collage of history, experience and