Project Act Nollywood: Jonathan Gives N300 Million To Nigerian Movie Stars

president jonathan N300 million nollywood

June 17, 2013 – Project Act Nollywood: President Jonathan Gives N300 Million To Nigerian Movie Stars

The Federal Government has approved N300 million out of the three billion naira intervention fund for capacity building in the Nigerian film industry.

This is contained in a statement issued in Abuja on Sunday by Mr. Paul Nwabuikwu, Spokesman for the Minister of Finance and Coordinating Minister for the Economy, Dr Ngozi Okonjo-Iweala.

“Action on the three billion naira support promised the Nigerian film industry by President Goodluck Jonathan has formally commenced with the roll out of a N300 million capacity building fund, “the News Agency of Nigeria quoted the spokesman as saying in the statement.

The statement noted that the capacity building fund was the first of a series of initiatives planned under “Project Act Nollywood’’, adding that It was made up of two components.

According to the statement, the first component is a Training Fund of N150 million, dedicated to training and skills acquisition for Nollywood practitioners in all competencies along the entire value chain of the industry.

The statement said it include; scriptwriting, directing, production and production design, special effects, lighting, sound, HD techniques, acting, cinematography, make-up and editing, among others.

It said the second component was the Capacity Development Fund which was also worth N150 million.

[Source: The Nation]

15 thoughts on “Project Act Nollywood: Jonathan Gives N300 Million To Nigerian Movie Stars

  1. what a waste?wat value does this add to an average nigerian on the streets who leave under a dollar a day.pple find it hard to feed and govt feels that 3billion in movie industry can transform us.may lord hv mercy on our leaders

  2. The Film industry is contributing to employment and foreign currency to Nigeria. It is an industry to be supported by injecting money into it. The film industry needs a shot in the arm to sustain the industry.

    • the film industry that already has money, and they are all over the town painting it red, is it the same industry the president is pouring in our money. May God judge , when many are hungry on the streets, the president is spening money to boost his 2015 agenda, God is watching you all, and the God of the living will judge.

  3. If dis government dont knw wat next 2 beta our great nation, let him step down rather than makin us sad as average nigerian. Even dis minister of finance, let her go and carry out her useless self centered project in her papa house. U are a blind ppl bt we nigerian ar nt blind. Power wil change hand by 2015 then u’l c dat ur plan wil nt work.

  4. My contry peple se our mony gudluk why naw we are here dieing of hunga nd u are dere giving some ashawo our money just lik dat ;-( why na

  5. Some people are just foolish and self centered as well as myopic in view . do you know how much Hollywood inject to USA economy? because film industry in Nigeria is a personal business and don’t seek Government support? the government did not even do anything as i see here. Film industry have provided employment to many talented and gifted persons in Nigeria with out tribal or religious segregation. The Government should do more. We have Billionaires film makers and musicians in USA they pay tax and help the economy. is high time we train people in art to support the booming oli sector of the economy.

  6. My happiness is that in Jonathan’s village, lga, n state dia re a lot of pple wo cant afford 3 square meal a day. If they ve dia little gals wont ve taken into prostitution as a means of sustainin their family n little ones. Shame on you GEJ 3 billion naira one a project dat wont bring food n Gud health to your pple tufiakwa. Wat kind of president re u wen ur pple re seriously battlin wit sand flies n its related illness ur there spendin mony at wat cant even change d life of an average bayelsan. Do nt wori ur government wod end one day n u must surely return home to meet d mess u ve created. Mitchewwwwwww

  7. Well,Education is worthless in ds country,graduates re out dere witout jobs,most of dem re even lukng 4 small capital 2 set up a small business bt helpless,wat s d federal govt doin abt dt?so nollywood s wat d fg s concernd abt,crime rate can neva reduce in ds country due 2 abject poverty dt pple especially d youngs ones re facing.

  8. 300Million Naira is equivellent to $1,873,924.64 cents, nearly 2 million USDollars is that enough to feed every hungry mouth in Nigeria? This is not a bread and butter issue but simple economics.

  9. this is a useless president,dat dont know what nest to do, there is no adequate electric porwer supply,widows are dying helplessly,orphan chilldren are uncontable in nigeria,and in ur time petrol subsidy occur and now u are spending 300 million on movie stars,u are a disgraced to this nation, MAD MAN !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!BOKO HA RAM PRESIDENT, SHAME ON U, WERE!!!1! LEAVE THE THRONE!!!!

  10. I think all sectors of Nigeria’s economy deserve some kind of a boost. But the vitriol unleashed within some comments here is calls for a sober reflection as I see my fellow Nigerians as seriously lacking in discipline. The current Nigerian President may be underperforming, but sure deserves better respect as the Head of State. Better luck to you all my country people !

  11. LET ALL NIGERIANS BE PATIENT. THE COUNTRY DID NOT SPOIL IN 5YEARS AND ONLY GOODLUCK REFORM AND INTERVENTIONS WILL NOT IN AN OVERNIGHT CORRECT ALL THE EVIL. THE FUND IS GOOD, IF IT WILL BE PROPERLY DISBURSED. WE NEED TRAINING IN SKILL, ATTITUDE AND SPIRITUALLY. I THINK FROM ALREADY MADE COMMENTS HERE, WE HAVE LOST VALUE AND RESPECT. THE STATE GOVERNORS HAS NOT TURN THEIR VARIOUS STATES TO LAS VEGAS AND TEXAS. IT IS IN ALL FACET OF NIGERIAN 3 TIRES OF GOVERNMENT: LGA, STATE AND FG.

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