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Nollywood gets a Boost with N3 Billion grant from Nigerian Government

Ngozi Okonjo-Iweala

Ngozi Okonjo-Iweala

In celebration of the Nollywood’s 20th anniversary, President Goodluck Ebele Jonathan has donated a grant of N3 billion to the industry to be supervised by the Minister of Finance, Ngozi Okonjo iweala and Minister of culture, tourism and national orientation, Edem Duke.

This announcement was made at the State Banquet hall last night where the President dined with the Nollywood industry. The grant titled “Project Nollywood” will be commissioned on the first week of April.
In his speech, the President acknowledged the pivotal roles Nollywood has played in promoting the brand image of Nigeria both within and outside the continent. “There are  three endeavours that unite Nigerians: sports, music and movies.”

Also supporting the industry, the Akwa-Ibom state governor, Godswill Akpabio donated the sum of 50 million naira to the industry as the President’s award for creativity.

One of the key issues facing the movie industry as highlighted by Amaka Igwe at the event was the issue of piracy and infrastructure which the President promised to look into.
Performances at the event include Tuface, Timi Dakolo, Dakore Egbuson among others.


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