By ANTHONY ADA ABRAHAM
Following the statement by the federal government that it has released N420.2m to the Nigeria film industry popularly known as Nollywood through the ministry of finance to aid movie distributors, set up distribution points across the nation so as to curb piracy, it seems the money has find its way into thin air as some practitioners has raised the alarm over the non-disbursement Of the funds.
Speaking with E-rendezvous, the practitioners who don’t want their names in print alleged a hidden motifs by the authorities responsible for the disbursement.
According to them, “Since the announcement by the government that they are going to disburse funds to enable us open distribution spots all over the country, it seems the money has been hijacked because the year is almost coming to an end because we have either be called or even given the money to do business.
“This is the money provided by the government. Our question USB, where is the money?” They asked.
They urge the President to direct them whoever is responsible for the disbursement of the fund, to hasten up because it would not only help in reducing piracy, but also create employment to Nigerians.
It could be recalled that the Federal Government, through the Ministry of Finance released N420.2 million to the Nigeria film Industry to improve and support aspiring practitioners.
According to the statement issued by the Deputy Director of Information, Federal Ministry of Finance, Patricia Deworitshe, says the money, which is the second payment to the sector, will help 105 film distributors.
The government had earlier introduced the “Project Act Nollywood’’, with three primary components aimed at developing the movie making value chain.
The components are the Film Production Fund (FPF), Capacity Building Fund (CBF) and Innovative Distribution Fund (IDF).
The FPF and CBF have been fully implemented, while the IDF, which is the third component of the project, is on-going.
The IDF covers online, National, Regional and community categories of Nollywood Film distribution and exhibition.
The objectives of IDF are to improve the distribution network of Nigerian Audio-Visual contents, cut down on piracy, create jobs, and protect Intellectual Property Rights (IPR) within the Nigerian Entertainment Industry.
NAN also reported that N1.8 billion was approved for disbursement to 106 beneficiaries in this component; and N1.335 billion was disbursed earlier in the year as first tranche to 105 beneficiaries.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from LEADERSHIP Nigeria Newspapers. Contact: firstname.lastname@example.org
- NEWS22 hours ago
Kogi Govt Commences Payment Of 4 Months’ Salary To Workers
- NEWS15 hours ago
2019: Why I Choose Balarabe As My Running Mate – el-Rufai
- CRIME16 hours ago
Teenage Female Suicide Bomber Arrested In Borno
- NEWS19 hours ago
FG Signs MoU To Take Over Farin Ruwa Dam Project
- NEWS18 hours ago
Drama In Court! Woman Makes U-Turn On Divorce, Begs For Mercy
- NEWS18 hours ago
Senior Civil Servants Pleaded For New Wage Before Year End
- NEWS6 hours ago
Campaign Funds: PDP, Atiku In Dilemma, Says APC
- METRO14 hours ago
Lagos Govt. Approves Use Of Hijab In Schools