₦airaland Forum

In a landmark moment for Africa’s creative and tech industries, Singapore’s TSC Global and Nigeria’s Del-York Group have signed a $4.5 billion joint venture agreement, marking the largest investment in Africa’s creative sector to date. The signing ceremony, held in Singapore and attended virtually by Lagos State Governor, His Excellency Babajide Sanwo-Olu, heralds the development of Lagos Film City (Kebulania), a project poised to position Lagos as a global hub for film, media, and technology.


Lagos Film City (Render)
https://i.pinimg.com/736x/bf/ca/d2/bfcad29d011aa6f25cc04aecc2cdf360.jpg

“Lagos Film City (Kebulania) represents Lagos State’s vision for creative excellence and technological innovation,” remarked Sanwo-Olu. “This investment will transform our creative landscape while creating groundbreaking opportunities for our talented youth. This development demonstrates our commitment to positioning Lagos as Africa’s premier creative capital.”

He credited Nigeria’s President Bola Tinubu’s leadership and the state’s Creative Industry Policy for facilitating this transformative partnership.

Under the new partnership, TSC Global will bring its expertise in sustainable, high-performance technical infrastructure, an area where the company is known globally. Linus Idahosa, CEO of Del-York Group, serves as the lead developer of the project and is dedicated to building ecosystems that fuel Africa’s creative industry. A Memorandum of Understanding was signed with the Lagos State Government in 2022, and a groundbreaking ceremony was held at the Epe site last year. Architectural work will begin in early 2025, followed by construction in the second quarter.

“Today marks Africa’s emphatic entry into global creative and technological leadership,” said Idahosa at the signing ceremony. “Kebulania stands as a testament to what is possible when visionary leadership at both national and state levels creates an enabling environment for transformative investments. With the unwavering support of the Lagos State Government, alongside our partners, we are building more than an infrastructure – we are creating a legacy that will empower generations of African creators and innovators.”

Michael Dickerson, CEO of TSC Global, highlighted the strategic significance: ‘Our $4.5 billion Joint Venture bridges Africa and the world, creating unparalleled opportunities for creative and technological collaboration between continents. Together with the Del-York Group, we are creating a new model for creative industry development that will resonate globally.”

The Kebulania project is expected to generate over 10,000 direct jobs and 25,000 indirect employment opportunities, contributing more than $3.5 billion annually to Nigeria’s creative economy. It will also offer 50,000 training positions and boost foreign exchange earnings through international film and media productions.

CodeTemplar:
We all know this is impossible. Nigeria and corporate schemes/scams. MoU today and MoU tomorror.

CodeTemplar:
We all know this is impossible. Nigeria and corporate schemes/scams. MoU today and MoU tomorror.

PulaPower:
And after they’ve started building it tomorrow, you’ll switch to una usual poem - how FG is building Lagos..

CodeTemplar:
We all know this is impossible. Nigeria and corporate schemes/scams. MoU today and MoU tomorror.

Dapson73:
This is Lagos not Abia or Anambra. Positivity is not prohibited in the South West.

yoruboid:
Just a reminder that we are not mates

A lot of regions are pulling Yorubaland backwards

We need to return to the regional system of government

Dapson73:
This is Lagos not Abia or Anambra. Positivity is not prohibited in the South West.

MrTuns:
Some Haters are very desperate. They pray everyday for Lagos to move backwards but God doesn't answer such prayers

CodeTemplar:
We all know this is impossible. Nigeria and corporate schemes/scams. MoU today and MoU tomorror.

CodeTemplar:
We all know this is impossible. Nigeria and corporate schemes/scams. MoU today and MoU tomorror.

Calitoscassius:
Very nice in pictures, but let's see it actualise.

If it does actuallise, when it does, all the under bridge dwellers so called owners of Lagos and poor folk who lives in poor and ghetto areas would be evicted. Infact, in the end only wealthy people could afford to live in Lagos.

Rebelutionary:
The negativity some of you emit is nauseous: you went from cynicism of "let's see it actualise" to another layer of negativity; "in the end only wealthy people could afford to live in Lagos". Nawao

Dagger111:
Lagos la'gba. Yorubas to the world abeg, we are all doing well. If I wasn’t Yoruba, I’d be jealous of Yorubas. I’d be jealous of their language, I’d be jealous of their creativity, I’d be jealous of their ingenuity, I’d be jealous of their wealth, I’d be jealous of their unity, I’d be jealous of Lagos, Osun, Ogun, Ondo, Oyo, Ekiti and lastly Kwara States. God bless all the Yorubas doing us proud. God bless the legitimate hustle of every Yoruba person. God bless Nigeria. 👏🏽🤲🏾

yoruboid:
Just a reminder that we are not mates

A lot of regions are pulling Yorubaland backwards

We need to return to the regional system of government

Yorubas are visionary and development oriented

God bless Yorubaland

CodeTemplar:
We all know this is impossible. Nigeria and corporate schemes/scams. MoU today and MoU tomorror.