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Saturday, 1 July 2017

Federal Government gives Nollywood over N420m additional grant

The Federal Government says it has released the sum of N420.2 million to the Nigeria film industry (Nollywood) to improve and support aspiring practitioners.

According to a statement issued by the Deputy Director of Information, Federal Ministry of Finance, Mrs. Patricia Deworitshe, on Friday in Abuja, the money, which is the second tranche payment will benefit 105 film distributors.
 
The Federal Government had earlier introduced the “Project Act Nollywood’’, with three primary components aimed at developing the movie making value chain.

The components are the Film Production Fund (FPF), Capacity Building Fund (CBF) and Innovative Distribution Fund (IDF).

The FPF and CBF have been fully implemented, while the IDF, which is the third component of the project, is on-going.

The IDF covers online, National, Regional and community categories of Nollywood Film distribution and exhibition.

The objectives of IDF is to improve the distribution network of Nigerian Audio-Visual contents, cut down on piracy, create jobs, and protect Intellectual Property Rights (IPR) within the Nigerian Entertainment Industry.

N1.8 billion was approved for disbursement to 106 beneficiaries in this component, and N1.335 billion was disbursed earlier in the year as the first tranche to 105 beneficiaries.

Deworitshe said that before the release of the second tranche, the finance ministry had earlier carried out a successful monitoring and evaluation of the first tranche disbursement.

“Fifteen community cinemas and viewing centres have been established through the grant and this has improved the distribution network of movies in Nigeria.

“The programme has supported 18 firms in strengthening online distribution platforms, this has helped curb illegal downloads and piracy.

“Two hundred and fifty-six permanent jobs and 544 temporary jobs have been created through the financial support provided to 105 beneficiaries by the programme,’’ she said.

Deworitshe said the programme had also aided the extension of the Nollywood Industry to sub-Sahara Africa through the funding of National distributors to expand their distribution capacity and network.

She said through the programme, distributors had expanded their capacity to lip-synching their content in French for onward distribution to the ECOWAS sub-region.
 

15 Comments:

  • At 1 July 2017 at 18:05 , Anonymous Anonymous said...

    Really, what of the educational sector.

     
  • At 1 July 2017 at 18:21 , Anonymous Kathy said...

    N420 additional grant to Nollywood? if they had said a loan then it would have made sense but grant means free money which we don't have in nigeria considering that we are

    click here now if you are interested in penis enlargement

    still technically in a recession. some salaries (lecturers, doctors etc) have not been paid, yet we are give movie people money.

     
  • At 1 July 2017 at 18:29 , Blogger daniel ubong said...

    Rubbish, when there are hungry everywhere.

     
  • At 1 July 2017 at 18:32 , Blogger bestman oko said...

    Gud one. We need dat support too in music industry, many upcoming artists wt gud talent bt no support to improve their talents....

     
  • At 1 July 2017 at 18:36 , Blogger Manuel Kunmi said...

    Good for them

     
  • At 1 July 2017 at 19:02 , Blogger Aderemi Buraimoh said...

    Prostitution sector nko ?

     
  • At 1 July 2017 at 19:08 , Anonymous Anonymous said...

    Emeka Ike money don land o. If you squander am, EFCC will lock up your ass.

     
  • At 1 July 2017 at 19:47 , Blogger Vivian Reginalds said...

    hmm
    -D great anonymous now as Vivian Reginalds

     
  • At 1 July 2017 at 20:20 , Blogger Adimchinobi Chibuzor said...

    LIB readers sector nko?

     
  • At 2 July 2017 at 00:10 , Anonymous Anonymous said...

    #Fundlautech

     
  • At 2 July 2017 at 01:01 , Blogger Me said...

    election is almost here again....that's one of the tools needed....have said it before and i will say it again,only if Nigerians can open eyes to wipe this people away.not even by election but by really throwing them away burn them on the street the way they burn kidnappers and thieves.

     
  • At 2 July 2017 at 01:15 , Anonymous Anonymous said...

    more film tricks

     
  • At 2 July 2017 at 05:22 , Blogger livingstone chibuike said...

    For real?

     
  • At 2 July 2017 at 06:26 , Anonymous Anonymous said...

    This is fraudulent cos where are d cinemas created in 15 communities? Is it Silverbird Cinema,Film one, Genesis or Imax. Abeg enough of this segmental scams. On d internet distribution n lip synching, private sectors like Aforevo Iroko n Ibaka tv work their ass up to keep rolling, that which I know of.This money only goes to d greedy set of practitioners who hire expatriates in d movie industry n pay them peanuts saying they r only helping them after d hidden exploitation. Just like what happen to Tinapa today. I think the ministry should go all out to look for knowledge about who n who to be funded rather than some ppl collecting d money n going to Dubai to shoot movies

     
  • At 2 July 2017 at 15:02 , Anonymous Victor Best said...

    What happened to $200 million Jonathan government approved to the nollywood through the ministry of finance before the 2015 general election? This is just another scam and the more you look the less you see. Caption; Story for the god's and invisible monies

     

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