The Federal Government says it
has released the sum of N420.2 million 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 News Agency of Nigeria (NAN)
recalls that 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.
NAN reports that N1.8 billion was
approved for disbursement to 106 beneficiaries in this component; and N1.335
billion was disbursed earlier in the year as 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.
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Why always Buhari's Government? Why not "NIGERIAN GOVERNMENT?. Na Buhari get Nigeria ne? Did the money came out from Buhari's pocket? Presidency is making every effort to personalise Our Country.
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