About

Random Posts

Labels

Contact Form

Name

Email *

Message *

Followers

Total Pageviews

Blog Archive

Blog Archive

My Blog List

Find Us On Facebook

Advertisement

Featured Video

Featured Video

Lorem 1

Shooting

Sponsor

Racing

Lorem 4

Sponsor Advertisement

Join Us



Video Of Day

9jagreens

March 4, 2013

Jonathan Announces N3 Billion New Grant For Nollywood

Share & Comment

President Goodluck Jonathan hasunveiled a N3 billion package to help turnaround Nigeria’s movieindustry, Nollywood, which has seen growth in production and sales within past years, but remains heavily criticized for low content quality.

The package, to be launched as “Project Nollywood”, will include grants for the best film scripts, a capacity development fund, and funds for supporting the industry’s infrastructure,” the president said.

The scheme will be launched in the first week of April, and will be managed by the Ministry of Finance in collaboration with the Ministry of Culture and Tourism, he added. Mr. Jonathan made the announcement at a presidential dinner to celebrate the industry at20, held at State House, Marina, Lagos.

“I assure you that my Administration will continue to give Nollywood every possible support and assistance to take the Nigerian movie industry to even greater heights of success,” the president said.

“I have invited the private sector to this dinner because I believe that they can also support efforts to further develop our entire creative industry.”

A previous revolving loan scheme of $200 million (N32 billion), announced by the president in 2010 has been plagued by complaints of inaccessibility.

The president said only N766 million of the loan had been released.

“I have asked NEXIM and the Bank ofIndustry to redouble their efforts in assisting the industry to access loans,” he said.

Tags: , , ,

Written by

We are Creative Blogger Theme Wavers which provides user friendly, effective and easy to use themes. Each support has free and providing HD support screen casting.

0 comments:

Post a Comment

DON'T FORGET TO DROP A COMMENT

 

Popular Content

Recent Posts

Why to Choose RedHood?

.
Copyright © LEAK NIGERIAN NEWS | Designed by Templateism.com