The great achievements,impact, and investment opportunities that abound in the Nigeria Film Industry were re-echoed at an interactive forum on Film Funding and Collective Management Organization of the 66th edition of the Cannes International Film Festival n France.
At the well attended forum, filmmakers from around the world, including potential investors averred that the Nigeria Film Industry was indeed ripe for a concerted and sustained investment inflow to enable it attract foreign and domestic investment and promotion of the sector.
The Nigerian Film Corporation (NFC) is leading other government agencies which includes, the National Film and Video Census Board (NFVCB), NEXIM Bank and the Lagos State Government (Film & Video Censors Department) to this year’s Cannes International Film Festival, which is also being attended by several other Nigerian Film makers, Film critics and Journalists.
NEXIM Bank representative at the forum, Technical Adviser to the Managing Director, Mr Hope Yango, said that the Federal Government of Nigeria, through the agencies for film matters, should be encouraged to position “Nollywood” as an international brand that would attract investment to match the estimated N120 billion assessments envisaged for the industry.
A Collective Management Organization for the Nigerian Film Industry, the forum was informed, was being established in Nigeria to address copyright and residual value management from film production activities for film makers, just as participants averred the need for the setting up of more Cineplex’s and Theatres in Nigeria.
Mr Tekena Benibo (NFC), Madam Patricia Bala (Ag DG, NFVCB), Mr Hope Yongo, NEXIM Bank; Alex Eyengho (President, ANCOP),Mr Afolabi Adesanya, (Immediate past MD, NFC), among other Nigerians who are attending the festival.
The Nigerian pavilion at the festival is said to have recorded over eight hundred footfalls since the festival began.