Entertainment
Olaoluwa Denies $200m Entertainment Fund
Contrary to the report
credited to President Goodluck Jonathan that Federal Government had set aside the sum of $200 million as intervention fund to help the entertainment industry, the new Managing director of the Bank of Industry (BOI) Rasheed Olaoluwa has disclosed that no such fund is with the bank.
Speaking recently at the Ministry of Trade and Investment Media Workshop, Olaoluwa disclosed that he was not aware of any fund of such with the bank.
He said, ‘I want to state publicly that there is no such fund earmarked for Nollywood or entertainment industry” adding that he is aware, however of the N3 billion with the finance ministry.
It will be recalled that President Goodluck Jonathan was reported to have publicly disclosed at the Silverbird Group 30th anniversary held at Eko Hotels and Suites that the sum of $200 million has been set aside by the Federal Ministry of Finance for direct investment into the Nigerian Entertainment industry. While the news brought relief to practitioners in the industry, the reality as at now may be that such statement was mere political statement. Corroborating the statement however, in November 2010, the former managing director of Bank of Industry, Mrs Evelyn Oputu revealed that plans to support the Nigerian Entertainment industry popularly known as Nollywood had been concluded by the Federal Government through the Bank of Industry BOI and the African Development Bank (ADP) on a N75 billion Funding facility.
She said the potential of the essential sector of the economy has now led to the arrangement of N15 billion fund that would be targeted at different point in the value chain of the entire entertainment industry from artiste development to video production and editing and then marketing and distribution. The managing Director said this during an annual General symposium organised by the Lagos Chamber of Commerce and Industry (LCCI) adding that the fund was at the verge of disbursement.
The Lennox K. Black International Prize for Excellence in Medicine is a prestigious accolade awarded by Thomas Jefferson University, recognising outstanding individuals.
The actress was honoured with the Lennox K. Black International Prize for Excellence in Medicine by Thomas Jefferson University in America in recognition of her outstanding contributions to social activism and impact through her work.
This remarkable achievement, they said, highlights her dedication to societal well-being and marks her as the first Black recipient of this distinguished award.
The Tide Entertainment reports that the Lennox K. Black International Prize for Excellence in Medicine is a prestigious accolade awarded by Thomas Jefferson University, recognising individuals who have made significant contributions to the medical field, promoting scientific discovery and advancements.
Named after Lennox K. Black, a Canadian manufacturing executive known for his philanthropic efforts and service on various boards, including Thomas Jefferson University, the prize celebrates excellence in medical innovation and global contribution to health and medicine.
The actress is renowned for her activism and impactful work in areas concerning women’s health and rights, including her efforts to combat issues like fistula and gender-based violence.
According to the award organisers she has been instrumental in bringing about social change through her films and campaigns. They added that her work extends beyond borders, affecting lives and policies internationally, embodying the spirit of the Lennox K. Black International Prize.
On receiving the award, Stephanie expressed her gratitude and reaffirmed her commitment to using her platform for social good.
“This recognition goes beyond me; it is for all the women and girls fighting for a healthier, safer world. It amplifies our message and our work. It strengthens my resolve to continue advocating for gender equality, social justice, and improved maternal and reproductive health in Africa,” she said
Susan Aldunge, Interim President of Thomas Jefferson University, admired the actress, saying, ‘‘Your ability to educate while humbly addressing the cultural obstacles impeding progress for young women is commendable. Your intelligent, personal take on the necessary human rights changes has deeply impacted all lucky to encounter you. Congratulations once more on this well-deserved award and the acknowledgement of your efforts.’”
Ms Aldunge further said that Thomas Jefferson University, a leader in medical education and research, hosts the award to underscore its mission of improving lives through innovation in health care.
‘‘The university is proud to honour Stephanie Linus, whose work aligns with Jefferson’s values of creativity, collaboration, and compassion in pursuing excellence in medicine and beyond.
“Awarding the Lennox K. Black International Prize to Stephanie Linus celebrates her achievements and signals a broader recognition of the importance of social activism in medicine and health,” she added.
“Her pioneering efforts continue to inspire and effect change, paving the way for a healthier, more equitable world’’.
Stephanie, who was named Chairperson of the Nigerian Official Selection Committee (NOSC) for the Best International Feature Film (IFF) category of the Oscars in August 2023, is best known for her 2015 advocacy movie ‘Dry’, which tells the story of a 13-year-old girl whose parents marry her off to a 60-year-old man, with devastating consequences.
Ilebaye’s revelation came just after Phyna had publicly called out the organizers for withholding some of her prizes.
Phyna, who revealed this to Newsmen insinuated that Ilebaye broke the gender code by announcing that she got her full prize money.
She also stressed that she would continue to demand for her balance, stating that she worked hard for the money during the show’s 72-day duration.
“I believe I should at least get what I worked so hard for 72 days. You all suddenly remembered your alert screenshots and IG Live………… Common……one among others is 1BTC which is over 80m in today’s market.
“To those who got their money in full
I’m happy for you. As a poor man’s child, let me ask for my money and other items remaining.,” She added.
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