A veteran Nigerian film maker, Eddie Ugbomou has said the film makers in Nigeria have been finding difficult to access expressed the N3 Billion fund which the government of Goodluck Jonathan set for the development of film industry in Nigeria because the stringent conditions attached to accessing it.
Speaking at the ZAAFAR Film Award in London today, he said: “the process of accessing the fund is too cumbersome and film makers are discouraged to access it.
“Producers have undergone three stages of interviews where they were asked to provide various documents on their projects.
“Yet, they cannot access the loan, the sooner the authority releases the money the better; if that is done, it will boost the industry because more than 150 producers will be empowered.”
The veteran said that inadequate funding had remained a major challenge to Nollywood film producers.
“Even though Nigeria is rated as the third most valuable film industry in the world, it is difficult to breakthrough from its infancy stage.
“How can you shoot a film with N20 million and compare it with the one shot with 20 million dollars? Nollywood requires funding for it to grow,’’ he said.
Also speaking at the occasion, Sola Omole, the Director-General of Nigerian Television Authority (NTA), stressed the need for private sector’s engagement in funding Nollywood.
“There is a tendency for Nigerians to think that everything has to be done by government, I think that is a wrong premise.
“Government is buffeted on all angles, it has to provide all kind of things but if you want a successful venture, especially one that is profit oriented, the private sector has a huge role to play.
“Government is a social provider, it provides water, electricity and an enabling environment, but it is the private sector capital that yields profit.
“Developing an artistic endeavour such as film industry is a private initiative, and if the story is good, then it becomes marketable and it will attract funding,’’ he said.
The Director-General of the National Film and Video Censors Board (NFVCB), Mrs. Patricia Bala expressed government’s commitment to developing Nollywood.
She said that Nollywood is a veritable platform for branding the nation’s image and advised film producers to key into the fund.
In 2013, President Jonathan created a N3 million grant to promote film industry in the country.
The lecture entitled “Promoting Ethics and Values in the African Film Industry,’’ attracted participants from the British Film Institute, Nollywood film makers, NTA and NFVCB. [myad]
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