FG Boosts Nollywood With N3bn

| March 4, 2013 | 0 Comments

The federal government, at the weekend, disclosed a N3 billion special programme known as Project

Nollywood to aid the film industry in Nigeria scale beyond its achievements of the past 20 years.

This was just as Akwa Ibom State Governor Godswill Akpabio declared that he has endowed a N50 million Goodluck Jonathan Prize for the best actors and actresses in Nollywood.

President Jonathan who announced  the grant at a dinner to mark 20 years of Nollywood at the State House, Marina, Lagos, noted that it was part of his administration’s transformation agenda in the industry.

According to him, Nollywood would one day exceed the oil sector which the country depends heavily on if the special programme which will be flagged off in April is handled properly.

Jonathan said, “I assure you that this administration will continue to give Nollywood every support and assistance to take the Nigerian movie industry to greater height of success. I invited the private sector to this dinner because I believe that they can also support the efforts to further develop the overall value chain of the industry.

“Encouraged by the feedback we have received from you on our administration’s support for Nollywood, we have further designed a programme known as Project Nollywood to support the key components of the industry’s value chain through a dedicated grant totalling N3billion.

“It will include capacity development fund to support the industry’s infrastructure. The scheme which will be launched in the first week of April will be managed by the Ministry of Finance incollaboration with the Ministry of Culture and Tourism.”

Nollywood, Jonathan observed, had made remarkable achievement within the 20 years period it has existed, which stakeholders must not rest on their laurels to identify with.

The President said although Nigeria’s national income is currently dominated by oil sector, he believed that Nollywood could challenge the sector in the future.

Meanwhile, Governor Akpabio has started what he called an endowment of the Goodluck Jonathan Prize for thebest actors and actresses in Nollywood.

The chairman of the People’s Democratic Party Governors’ Forum announced that he would commit the sum of N50 million for the award,even as he asked the leadership of the industry to come up with the group that will coordinate the award.

Akpabio said, “I am the chairman of the newest forum in the arena ofpolitics, the PDP Governors’ Forum. The first set of disciples of the President. We felt we must come together and rally support for thePresident, especially for his uncommon transformation agenda.

“Nollywood has come of age at 20. When the history of the success of Nollywood is being told, President Jonathan’s name will be mentioned.


Culled from :Here

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Category: Entertainment