Nollywood Recieves N420m Grant From FG

image

The Federal Government says it has released the sum of N420.2m to the Nigeria film industry popularly called 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 are 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.

N1.8bn was approved for disbursement to 106 beneficiaries in this component, and N1.335bn 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.

You might also like More from author

18 Comments

  1. Wedding Organizers in Vanathalipuram Hyderabad

    … [Trackback]

    […] Find More on|Find More|Find More Informations here|There you can find 55768 more Informations|Informations on that Topic: gbeduhub.com/nollywood-recieves-n420m-grant-fg/ […]

  2. Aws Engineer X

    … [Trackback]

    […] Read More on|Read More|Read More Infos here|Here you can find 37048 more Infos|Informations to that Topic: gbeduhub.com/nollywood-recieves-n420m-grant-fg/ […]

  3. roof repair

    … [Trackback]

    […] Find More on|Find More|Find More Informations here|There you can find 67370 additional Informations|Informations on that Topic: gbeduhub.com/nollywood-recieves-n420m-grant-fg/ […]

  4. tinder dating site free says

    I am not sure where you are getting your info, but good
    topic. I needs to spend some time learning more or understanding more.
    Thanks for magnificent information I was looking for this info for my mission.

  5. tinder dating site free says

    This website was… how do you say it? Relevant!! Finally I have found something that helped me.
    Kudos!

  6. tinder dating site says

    Hello just wanted to give you a quick heads up. The words in your article seem to be running off the screen in Internet
    explorer. I’m not sure if this is a formatting issue or something to do with web browser
    compatibility but I thought I’d post to let you know.
    The style and design look great though! Hope you get the problem fixed soon. Cheers

  7. tinder says

    I want to to thank you for this good read!! I absolutely loved every bit of it.
    I have you book-marked to look at new things you post…

  8. instacart promo code says

    Hello to every body, it’s my first visit of this
    website; this website contains awesome and truly good data in favor of visitors.

  9. Kanisha says

    Hey I seriously enjoyed seeking at your world wide web . The product experienced been actually insightful. Thank you consequently radically!

  10. Sidney says

    Will one working day ticket holders be capable toward consider element in just the excursions

  11. PrediksiBola

    … [Trackback]

    […] Read More here|Read More|Find More Infos here|Here you will find 70309 more Infos|Infos on that Topic: gbeduhub.com/nollywood-recieves-n420m-grant-fg/ […]

  12. Noel Kashan says

    I’d ought to seek advice from you here. Which isn’t some thing It’s my job to do! I spend time reading a post that could make people believe. Also, thanks for allowing me to comment!

  13. http://tinyurl.com/ says

    Thanks for another excellent article. The place else may anybody get that
    type of info in such a perfect way of writing?
    I’ve a presentation next week, and I’m on the search for such information.

  14. tinyurl.com says

    Do you have a spam problem on this site; I also am a blogger, and I was wanting to know your situation; many of us have developed some
    nice procedures and we are looking to trade methods with other folks, please shoot me an e-mail if
    interested.

  15. tinyurl.com says

    For latest information you have to go to see web and on world-wide-web I found this web site as a best
    web site for most recent updates.

  16. instacart coupon 2017 says

    I really like it when people come together and share ideas.

    Great website, continue the good work!

  17. tinyurl.com says

    It’s a shame you don’t have a donate button! I’d
    most certainly donate to this outstanding blog!
    I guess for now i’ll settle for bookmarking and adding your RSS
    feed to my Google account. I look forward to new updates and will share this site with my Facebook group.
    Talk soon!

  18. Neida says

    Amazing short article! I hugely enjoy your exertion!

Leave A Reply

Your email address will not be published.