Nigerian President, Goodluck Jonathan, has donated 2 billion Naira to Nollywood as part of efforts to support the Nigerian movie industry distribution system in an attempt to curb piracy.
The president held a closed-door meeting with several key players in Nollywood on January 24, 2015, and the outcome of the meeting has led to the creation of "Project Act Nollywood" and a N 2 billion Innovation Distribution Fund (IDF).
According to a Vanguard report, the Special Adviser, Media to CME, Paul C. Nwabuikwu, issued a statement in Abuja recently saying that the IDF was created to support those in the movie industry and those planning to be a part of the industry.
The IDF is expected to help address the challenges in the distribution system which has loopholes that movie pirates have taken advantage of.
However, application for the distribution support via funding can be done through the Project ACT online web portal which will be active for two months after it kicked off on January 19, 2015.