The Fund is a N1.0 billion fund to support film makers/producers by providing the needed financing required to grow the film industry and make bigger impact in the sector.
- Support emerging sectors to improve their productivity to the economy. Currently, the Creative Sector contributes 1.42% ($7.3 billion or N1.4 trillion) to Nigeria’s GDP.
- The Nigeria Film Industry, codenamed ‘’Nollywood’’ is globally recognized and ranked as the 3rd largest industry in the world after Hollywood (America) and Bollywood (India) in terms of contents produced. By this measure, the industry becomes a potent tool for image laundering.
- Provide the needed financing required to grow the film industry and make bigger impact in the sector.
- Provide a collateral-free fund for the industry players who hitherto were challenged by lack of capacity to support their loan proposals with the required collateral.
The Fund will be accessed by Limited Liability Companies, and Enterprises engaged in film production which includes beneficiaries of the Federal Government’s Project ACT Nollywood Grant for the movie industry.
The fund shall be used for film production value chain (i.e. from pre-production to post-production). This is expected to create a minimum of 2,000 direct and 5,000 indirect jobs for Nigerians.
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