Nigerian govt disburses second instalment of N5 bn Creative Fund to Nollywood

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“Following the successful disbursement of N1.5 billion to four actors/producers for their movie projects, we are excited to support even more creative projects. If you know someone seeking funding for their creative project, share this email address: It’s essential to acknowledge that news production incurs expenses, and we take pride in never placing our stories behind a prohibitive paywall.has previously announced grants for Nigerian filmmakers and creatives. In 2010, President Goodluck Jonathan pledged a $200 million grant for the nation’s entertainment industry during the 30th anniversary of Silverbird Organisation.

However, in August 2015, The Bank of Industry disassociated itself from the $200 million Nollywood support funds under the Goodluck Jonathan administration, clarifying that it had been financing Nollywood from its resources and was not involved with the $200 million support package.

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