Business
FG Convenes Fund Disbursement Meeting, Soon
The Federal Government is to convene a stakeholders’ meeting in the Nigerian movie industry on how to access the $200 million intervention fund to develop the sector.
The Minister of Information and Communications, Mr Labaran Maku, made this known in Abuja when he received two prominent Nollywood actors, Chinedu Idedieze and Osita Iheme, also known as Aki and Paw-Paw.
He said the meeting would help to iron out the various challenges confronting the movie industry and fashion out ways to tackle them.
He said the Nigerian Film Corporation had written a memorandum to the CBN and the Bank of Industry on how the fund could be accessed.
Maku, however, stressed the need for the Guild in the movie industry to put its house in order and work as a team to access the fund.
The minister also commended the movie industry for its contributions to projecting the image of the country positively.
“In spite of the success recorded in the industry particularly in terms of employment generation, more should be done in terms of quality, technology and skilled manpower,” he said.
He restated government’s commitment to supporting the development of the industry to meet international standards.
Earlier, Idedieze said their visit was to seek information on how to access the fund.
He commended the Federal Government for its support to the industry and pledged that Nollywood would continue to project the image of the country positively.
It may be recalled that President Goodluck Jonathan had in December, 2010, approved the fund for the development of the industry.