Four years after President Goodluck Jonathan released N3
billion intervention fund to support the Nigerian movie industry, the federal
government has launched another laudable project geared towards boosting the
industry. Tagged, “Project ACT Nollywood”, it’s the presidential
intervention programme set up to improve technical and professional capacity in
the value chain of the Nigerian movie industry.
The project is expected to tackle the major
challenge working against the optimum development of the sector – a poor
distribution system and menace of piracy. To achieve this ambitious objective,
the federal government last week launched N2 billion Innovation Distribution
Fund, IDF, aimed at improving the distribution of audio-visual content, cut
down on piracy, and to better protect intellectual property in the industry.
According to a statement issued in Abuja by
the Special Adviser, Media to CME, Mr. Paul C Nwabuikwu, applications for the
distribution fund are welcome through the Project ACT online web portal which
will be operational for a two month period starting January 19, 2015.
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