Federal Government gives Nollywood over N420m additional grant

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.
[post_ads_2]
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.
Download Newsalert NG MobileApp

Like what you've read?Subscribe to Newsalert NG by Email to Receive Update

JOIN OUR FREE BBM CHANNEL FOR INSTANT UPDATE>> CLICK HERE

COMMENTS

BLOGGER
Name

#Onyepoloavenue,1,2004,1,2013 MTV EMA,1,2014,2,2014 porsche panamera,1,2050,1,5000 NAIRA NOTES,1,8 weeks,1,9ice,1,AAUA,1,Adekemi Faboro,1,advice,1,African footballer of the year,1,airline crash,1,Aisha Sulaiman,2,akwa ibom,2,Allelu,1,allnews,1,Amber Rose,1,anambra,1,anambra election,2,android,1,Android 4.3 update,1,Anita Joseph,1,annie idibia,1,annie idibia birthday,1,APC,4,APC Rally,2,arm robbery,1,arsenal,1,Ashanti,1,Ashton Kutcher,1,assasinate,1,asuquo edet 15 year old,1,asuu,8,aubameyang,1,awards,1,Ayo oritsejafor,2,BaddestGuyEverLiveth,1,Barack Obama,1,BBC,1,beyonce,3,BIRTHDAY,1,Blac Chyna,2,boko haram,3,BON AWARDS,1,boobi kristina brown,1,Bosede Arowosegbe-Aremu,1,boyfriend,1,Brazil,1,breaking loose,1,BRYMO,1,Burnaboy,2,Business,5,CAN,1,catholic,1,caught up,1,CBN,1,celeb,1,Celebrity,2610,Celine Dion,1,CHARLY BOY,1,CHILD GROWTH,1,child trafficking,1,child's dedication,1,Chinko Ekun,1,chocolate city,1,christina milan,1,church,1,comedian emeka smith,1,Congratulation,1,contract,1,corazon kwanboka,1,Coza pastor Abiodun fatoyinbo,1,Cristiano Ronaldo welcomes twins into his family,1,Crystal Renay,1,cynthia morgan,1,dammy krane,1,Dangote richest in Africa worth 20 billion Naira,1,darey alade,1,davido,1,DB records,1,Dbanj,1,Decent man,1,Deji falae,1,dencia,1,dencia robbed in paris,1,Denrele,1,divorce,4,don jazzy,2,doris simeon,1,download yawa dey video,1,Dr.sid,2,Ebola,5,ebonyi,1,ebube Nwagbo,1,education,16,electric car 2014,1,Emeka Ike,1,enter,1,Entertainment,10164,Entertainment news,2,Enugu,1,Eze walter,1,fashion,1,fast and furious 7 release date,1,FEATURE,44,featured,10,felaberation,1,festus iyayi died in a car accident,1,FG,1,FIFA,2,Five star crew,1,Foluke Daramola,1,FORE,1,Foreign,6432,Francisca De-Souza,1,french montana,1,funke akindele,1,Futminna cpes online registration,1,FUTO,1,girlfriend,2,girlfriend funmi aboderin,1,Gists,1318,Glo,1,gODWIN OKEKE,1,Golden eaglets,2,Goodluck Jonathan,2,GreatMan,1,Greece,1,GT-I9300,1,GUO MOTORS,1,Halima,1,Halloween,1,Haruna Tsokwa,1,Hayley Okines,1,Health,581,Healthy,1,herb seller,1,hezi dean,1,History,1,HIV,1,hospital.patient,1,hypertek,1,Ice Prince,1,Iggy Azalea,1,ijeoma okonkwo,1,illuminati,1,Infinity,1,Ini Edo,2,instagram,2,introduction with simi osomo,1,irreplaceable,1,ISIS,1,iyabo ojo,1,Iyanya new video le kwa ukwu,1,jamb,1,JaySlot,1,JBOY,1,JBoy-Nollywoodchicks,1,Joan Rivers,1,john mikel,1,Jokes,6,jonathan pitrroipia,1,jubilee festival,1,Juliet Ibrahim,1,kanye west,1,kardashians,1,Karim Wade,1,katy perry,1,kcee,1,kedike chidinma,3,kelechi iheanacho,2,kemi olunloyo,2,khloe kardashian,1,KIDNAPPED,1,kim kardashian,3,kondja relationship is over,1,Konga,1,Korede Bello,1,Ladi Kwali,1,Lady Gaga flying dress,1,Lagos,2,lagos countdown,1,LahLah,1,latest,1,Latest on Asuu strike,4,liberia,1,Lifestyle,212,lindaikeji,1,lionel messi injured,1,lobatan,1,Local,6305,Lola omotayo,2,Lola omotayo.peter okoye,2,Lord of Ajasa,1,lounge,1,love like a movie,1,Lupita Nyong'o,1,lynxxx,2,mafia considering a lethal strike on pope francis,1,magazine,1,maheeda,2,maiduguri,1,makeup,1,malaria,1,MANDIBA IS DEAD,1,marriage,2,matthew ekeinde,1,Mavin records,1,MC Adoga of Rap,1,Microsoft,1,mike akhigbe,1,Mila Kunis,1,miley cyrus,1,military,1,moet abebe,1,Money,1,motherhoodinstyle,1,mp3,842,Mrs. clara chime,1,MTV,1,mum,1,music,8,Music video,141,natural ways to delay ejaculation,1,NELSON MANDELA IS DEAD,2,New Taraba,1,News,10225,Nicki Minaj,3,Nigeria,8,Nokia,1,North West,2,novemmber 18,1,nun,1,official! BBA contestants Beverly Osu and Bimp are a couple!,1,olamide,4,Omawumi,1,Omotola ekeinde,1,Oprah Winfrey,1,parents,1,Paris Jackson,1,pastor killed himself,1,Patience Jonathan,2,Patrick Obahiagbon,1,PDP,5,peter edibi nigeria refree in fifa,1,peter okoye,1,phyno,2,pics,19,police,2,Polio,1,politics,6,Pope Francis,1,Pounded yam,1,precious chikwendu,1,president,2,prostitutes,1,Queeneth Hilbert,1,rape in osun,1,reconciled,1,result poll,1,reunion,1,Rev. Teddy Parker,1,Rihanna,1,Rili Cile,1,Rita Dominic,1,Ruth Kadiri,1,samsung galaxy III,1,Sarah Ofili,1,sean tizzle,1,sex scandal,1,sex trafficking,1,seyilaw,1,Sierra Leone,2,skales,1,skuki,1,sophie kotkis blind girl,1,soundcity,1,SOUNDSULTAN,1,Soundsultan 37th birthday with MTN,1,SOUTH AFRICAN ICON,1,spanish,1,Speaker,1,sport,1,Sporting,1,Sports,2490,sued,1,surulere ft don jazzy,1,swarmed,1,Tech,2,technews,2,Technology,798,teebillz babymama,1,terrorism,1,timaya's child,1,tiwa savage,1,Toast,1,toke makinwa,2,Tonto Dikeh,1,toolz,1,top,1,top stories,1,Toyota camry 2014,1,Traditional attire,1,Traditional wedding,1,trendy shoes,1,tuface,1,tunde demuren,1,twins daughter,1,twitter,1,UAE,1,uduaghan,1,UNICEF,1,unilag admission,1,unilag asuu resumption,1,Unilorin,1,university of lagos,1,US,1,us government,1,usher,1,utube,2,venita akpofure,1,victor moses,1,video,444,videp,1,Vin Diesel,1,viral video,89,waconzy,1,Waje,1,wande coal,1,weddind invitation card,1,witchcraft,1,wizkid in traditional attire,1,world cup,2,wrecking Ball,1,yaya toure,1,Yemi Alade,1,yvonne nelson birthday photos,1,Zayn Malik,1,
ltr
item
Newsalert NG: Federal Government gives Nollywood over N420m additional grant
Federal Government gives Nollywood over N420m additional grant
Federal Government gives Nollywood over N420m additional grant
https://4.bp.blogspot.com/-JwrUC72m4SQ/WVfVtz4fRwI/AAAAAAAMwKI/Ff0Xn1mUmmAM1SfNxnHhC4W00g8FYUSgwCLcBGAs/s400/as.jpg
https://4.bp.blogspot.com/-JwrUC72m4SQ/WVfVtz4fRwI/AAAAAAAMwKI/Ff0Xn1mUmmAM1SfNxnHhC4W00g8FYUSgwCLcBGAs/s72-c/as.jpg
Newsalert NG
http://www.newsalert.com.ng/2017/07/federal-government-gives-nollywood-over.html
http://www.newsalert.com.ng/
http://www.newsalert.com.ng/
http://www.newsalert.com.ng/2017/07/federal-government-gives-nollywood-over.html
true
7131757802101267353
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy