Samod Biobaku
Member
A veteran Nollywood film maker, Eddie Ugbomou has lamented what he described as the frustrating conditions required to access the N3 billion grant made available by the Federal Government for the development of the Nigerian movie industry.
It should be recalled that President Goodluck Jonathan created a N3 billion grant for Nollywood and the promotion of the Nigerian movie industry in 2013.
Ugbomou however, noted that the laid down conditions to access the funds are too stringent.
Speaking in London at the ZAAFAR Film Award, the movie producer said:
"The process of accessing the fund is too cumbersome and film makers are discouraged to access it. Producers have undergone three stages of interviews where they were asked to provide various documents on their projects. Yet, they cannot access the loan, the sooner the authority releases the money the better. If that is done, it will boost the industry because more than 150 producers will be empowered.”
#Nollywood #EddieUgbomou
A Nollywood location
It should be recalled that President Goodluck Jonathan created a N3 billion grant for Nollywood and the promotion of the Nigerian movie industry in 2013.
Ugbomou however, noted that the laid down conditions to access the funds are too stringent.
Speaking in London at the ZAAFAR Film Award, the movie producer said:
"The process of accessing the fund is too cumbersome and film makers are discouraged to access it. Producers have undergone three stages of interviews where they were asked to provide various documents on their projects. Yet, they cannot access the loan, the sooner the authority releases the money the better. If that is done, it will boost the industry because more than 150 producers will be empowered.”
#Nollywood #EddieUgbomou
A Nollywood location
