This agreement was officiated at the 9th Ehingbeti Lagos Economic Summit, themed "Charting the Paths To Sustainable Socio-Economic Growth." Here, Lagosians, and public and private sector stakeholders discussed Lagos State's economic progression across sectors.

This venture is fundamental to the African film industry as it means more international producers can domesticate their filmmaking operations and have a pool of trained professionals they can draw on to produce quality, high-grossing box-office content.

 

The Africa Film & Media City will make history as the first of its kind in Africa, comparable only to foreign creative industries in Europe and the USA. It will open Lagos State even more to foreign visitors and attract investment. It will also create thousands of jobs for Lagosian, keeping Lagos on the path to becoming an ultramodern city.