The Federal Government says it has released its N420.2 million to the Nigeria film industry popularly called Nollywood to improve and support aspiring practitioners.<\/p>\n
Deputy Director of Information, Federal Ministry of Finance, Mrs Patricia Deworitshe, said\u00a0Friday<\/span><\/span>\u00a0in Abuja that the money was the second tranche to 105 film distributors.<\/p>\n The Federal Government had earlier introduced the \u201cProject Act Nollywood\u2019\u2019, with three primary components aimed at developing the movie making value chain.<\/p>\n The components are the Film Production Fund (FPF), Capacity Building Fund (CBF) and Innovative Distribution Fund (IDF).<\/p>\n The FPF and CBF have been fully implemented, while the IDF, which is the third component of the project, is on-going.<\/p>\n The IDF covers online, National, Regional and community categories of Nollywood Film distribution and exhibition.<\/p>\n 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.<\/p>\n 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.<\/p>\n 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.<\/p>\n \u201cFifteen community cinemas and viewing centres have been established through the grant and this has improved the distribution network of movies in Nigeria.<\/p>\n \u201cThe programme has supported 18 firms in strengthening online distribution platforms, this has helped curb illegal downloads and piracy.<\/p>\n \u201cTwo hundred and fifty six permanent jobs and 544 temporary jobs have been created through the financial support provided to 105 beneficiaries by the programme,\u2019\u2019 she said.<\/p>\n 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.<\/p>\n 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.<\/p>\n","protected":false},"excerpt":{"rendered":" The Federal Government says it has released its N420.2 million to the Nigeria film industry popularly called Nollywood to improve and support aspiring practitioners. Deputy Director of Information, Federal Ministry…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[1129],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":26663,"url":"https:\/\/www.citypeopleonline.com\/good-news-filmmakers-fg-releases-additional-n420m-grant-nollywood\/","url_meta":{"origin":26303,"position":0},"title":"Good News Filmmakers! FG Releases Additional N420m Grant To Nollywood","author":"Daniji Emmanuel","date":"July 4, 2017","format":false,"excerpt":"The Federal Government of Nigeria has given a sum of N420.2 million grant to\u00a0Nollywood\u00a0to support the film industry. The Deputy Director of Information, Federal Ministry of Finance,\u00a0Patricia Deworitshe, confirmed this in a statement released in Abuja\u00a0on Friday, June 30, 2017. The grant is a portion of N1.8 billion earlier approved\u2026","rel":"","context":"In "Movie Gist"","block_context":{"text":"Movie Gist","link":"https:\/\/www.citypeopleonline.com\/entertainment\/movie-gist\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.citypeopleonline.com\/wp-content\/uploads\/2017\/06\/Nollywood.jpg?fit=640%2C420&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.citypeopleonline.com\/wp-content\/uploads\/2017\/06\/Nollywood.jpg?fit=640%2C420&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.citypeopleonline.com\/wp-content\/uploads\/2017\/06\/Nollywood.jpg?fit=640%2C420&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":45650,"url":"https:\/\/www.citypeopleonline.com\/structured-nollywood-is-better-govt-grants-mr-ibu-tells-nollywood-family\/","url_meta":{"origin":26303,"position":1},"title":"\u201cStructured Nollywood\u201d Is Better Than Govt Grants, Mr Ibu Tells Nollywood Family","author":"Damilare Salami","date":"March 12, 2018","format":false,"excerpt":"Famous Nigerian comic actor John Okafor aka Mr Ibu, says lack of standard structure in Nollywood was worrisome. 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