N420m Given to Aspiring practitioners of the Nollywood Industry

The Federal Government says it has released the sum of N420.2 million to the Nigeria film industry popularly called Nollywood to improve and support aspiring practitioners.

According to a statement issued by the Deputy Director of Information, Federal Ministry of Finance, Mrs Patricia Deworitshe, on Friday in Abuja, the money, which is the second tranche payment will benefit 105 film distributors.

 

The Federal Government had earlier introduced the “Project Act Nollywood’’, with three primary components aimed at developing the movie making value chain.

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