By Muhammad Bello
The indigenuous film industry, otherwise known as Nollywood, at the
wwekend got a special boost as the
federal government has initiated
'Project Nollywood' to fast track the stellar performance of the movie
industry in Nigeria.
President Goodluck Jonathan, who hosted the ensemble to a dinner to
mark the 20 years of the industry at the State House, Marina, Lagos on
Saturday, disclosed that the sum of N3 billion has been set aside by his
administration as a grant to the industry with a view that the income
accruing from its enterprise will surpass that of the oil and gas
industry which is currently the highest revenue generator.
The grant is in addition to a presidential directive to the Nigeria
Export-Import (NEXIM) Bank and Bank of Industry (BOI) to give additional
impetus to the industry through provisions of loans.
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