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More funding for Nollywood, Nexim Bank assures

More funds to boast film production activities in Nigeria are underway, just as Nexim Bank and the Nigerian Film Corporation have both expressed their determination to continue to engage in sustainable policy development and implementation to ensure that the Nigerian motion picture industry secures its desired place in the local and international creative economy.

Both agencies, equally noted that the Nigerian motion industry has demonstrated its ability to play critical role in the global economy, with its great potential as a tool for empowerment, cultural growth and international diplomacy.

Nigerian Film Corporation and Nexim Bank expressed these concerns when their Chief Executives, Mr. Afolabi Adesanya (NFC) and Mr. Roberts Orya (Nexim) met in Abuja recently. According to the two agencies, the Nigerian motion picture industry has received resounding success and has attracted acceptability globally.

Represented by Alhaji Barshir Wali, Executive Director (Management Services), Mr. Orya said that Nexim Bank in the last few years has developed the strong desire of improving businesses across the country and in particular, expanding the business frontiers of the Nigerian motion picture industry. This, he said, will cause a synergy between the Banks vision and expectations of the Nigerian people.

Earlier, Adesanya expressed appreciation and commended management of Nexim Bank for her efforts in assisting and ensuring that the Nigerian motion picture sector grows, through leveraging on local and international platforms.

The film industry, he said required urgent intervention in the areas of manpower development and sustainable funding. Adesanya told his host, that the National Film Institute (NFI) in Jos had taken the lead in the provision of training, retraining and capacity building for the sector.


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