FG approves N300m for capacity building for Nollywood

Abuja –  The Federal Government has approved N300 million out of the three billion naira intervention fund for capacity building to boost the Nigerian film industry.

This is contained in a statement issued in Abuja on Sunday by Mr Paul Nwabuikwu, Spokesman for the Minister of Finance and Coordinating Minister for the Economy, Dr Ngozi Okonjo-Iweala.

“Action on the three billion naira support promised the Nigerian film industry by President Goodluck Jonathan has formally commenced with the roll out of a N300 million capacity building fund.’’

The statement noted that the capacity building fund was the first of a series of initiatives planned under “Project Act Nollywood’’, adding that It was made up of two components.Read more here