The Federal Government has
approved N300 million out of the
three billion naira intervention fund for capacity building to boost the Nigerian film industry.
This is contained in a statement issued in Abuja on Sunday by Mr Paul Nwabuikwu, Spokesman for the Minister of F1inance and Coordinating Minister for the
Economy, Dr Ngozi Okonjo-Iweala.
"Action on the three billion naira supportpromised the Nigerian film industry byPresident Goodluck Jonathan hasformally commenced with the roll out ofa N300 million capacity building fund.''
The statement noted that the capacity building fund was the first of a series of initiatives planned under "Project Act Nollywood'', adding that It was made up
of two components.
According to the statement, the first
component is a Training Fund of N150 million, dedicated to training and skills acquisition for Nollywood practitioners inall competencies along the entire value chain of the industry.
The statement said it includes;
scriptwriting, directing, production and production design, special effects,lighting, sound, HD techniques, acting,
M cinematography, make-up and editing, among others.
It said that the second component was the Capacity Development Fund which was also worth N150 million..
According to the statement, grants will be given to existing Nigerian-owned private institutes that offer training courses, programmes, and technical certification in the movie industry.
The statement said the fund might beused to upgrade existing facilities,procure equipment and develop internalcapacity to offer a set of courses and training programmes that would address
key skills gaps.
It said that institutes to benefit from the fund must have a prove of registration from Jan. 1, 2013, and be competent enough to train people according to
global best practices.
The statement said that the intervention Project ACT Nollywood, would be
managed by the Coordinating Minister for the Economy and the Minister of Tourism, Chief Edem Duke.
Okonjo-Iweala in the statement said the establishment of the fund underscored government's commitment to supporting Nollywood in recognition of its
contributions to the economy.
"This is the first of the initiatives planned under Project Act Nollywood, and it
shows that the president is keeping his word to the industry and to Nigerians.
"Nollywood deserves this support
because it has added value to the
economy by creating jobs and acting as an ambassador to the country.
"It is also projecting Nigeria to many parts of the world that hitherto, knew little or nothing about the country," it quoted Okonjo-Iweala as saying.
It said that the overall objective of
Project Act Nollywood was to support the industry in a sustainable way that practitioners could leverage on to improve their capacity and output in key areas.
"The fund is open for applications from July to December 2013. Courses commencing after Dec. 31st are eligible provided the application is received before Dec. 31 2013.''
It said that guidelines for applications indicated that applicants must be
Nigerians and industry practitioners among other requirements.
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