FG to restructure N3bn Nollywood grant
Mrs Kemi Adeosun
The N3billion Federal Government’s grant for the Nigerian Film
industry known as Nollywood is being restructured to make it serve the
purpose for which it was created, the Ministry of Finance said Friday.
A talk shop to work out the strategy is scheduled for July 1, the ministry said in a statement.
Expected at the workshop are key stakeholders in the industry
including the Federal Ministry of Information and Culture, the
leadership of Nollywood, the Actors Guild, Film and Videos Censors
Board, The Nigerian Film Corporation and the Nigerian Copyright
Commission.
Finance Minister, Kemi Adeosun who is convening the workshop
explained that ideas generated during the workshop would form the
basis for reinvigorating the Project ACT Nollywood and ensuring its
sustainability.
To date, the Project ACT Nollywood has implemented specialist
training programmes in Nigeria and abroad in which 247 practitioners
have been trained to improve their technical and professional capacities
in the entertainment industry.
Similarly, 113 film projects, employing 2,436 people, have been
co-financed through grants from the fund at a cost of N799 million,
while the Innovative Film Distribution Programme has been designed to
support viable solutions in film distribution.
The Innovative Film Distribution Scheme is also aimed at checking piracy.
The World Bank estimates that for each copy of a Nigerian film sold, nine pirated copies aresold.
The National Bureau for Statistics (NBS), reckons the Nigerian Film
industry as contributing 1.4 per cent to the country’s Gross Domestic
Product in 2013 and 2014, and employing an estimated 250,000 people
directly.
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