Mon 29 Sep 2014, 12:00
A message from Adewumni Ogunsanya, Chairman of MultiChoice Nigeria
In April 2014, Nigeria became Africa’s largest economy, ranking the 26th largest economy in the world, surpassing not only South Africa ($356bn: 2013), but Austria, Venezuela, Colombia, Thailand, Denmark, Malaysia and Singapore.
As Google forecasts go, Nigeria should be among the world’s 15th largest economy by 2050, when its Gross Domestic Product (GDP) is projected to exceed $4.5 trillion in purchasing power parity terms.
MultiChoice has made significant investments towards the growth of the Nigerian economy to the tune of ₦55 billion (nearly $350 million) through investment in the production and procurement of television content (₦32.4bn), technology (₦21bn) and people development (₦1.7bn). We have driven entrepreneurship and employment opportunities through our Channel Distribution platforms and are committed to the continuous growth of sports through infrastructural development some of which are the HD studios for SuperSport in Ilupeju, Lagos, sponsorship of the DStv Basketball League and through our GOtv platform, a resuscitation of boxing championship in Nigeria.
In addition, we also invest in Nollywood through the AfricaMagic Viewers’ Choice Awards (AMVCA); an award that recognizes and celebrates the best in African film production. MultiChoice will continue to invest in promoting indigenous film production in a bid to enhancing this vibrant and exciting industry. Finally, we remain committed to providing quality world-class content and services to all our subscribers in Nigeria.