The federal government has released the second instalment of its ₦5 billion Creative Fund, a scheme initiated in collaboration with Providus Bank in December 2023, aimed at bolstering the country’s creative sector, particularly Nollywood.
Special Assistant to the President on Digital and Creative Economy, Fegho-x Umunubo, has announced the disbursement via Instagram.
“We successfully launched the second batch of the ₦5 billion Creative Fund in partnership with Providus Bank at Eko Hotels and Suites last Friday,” he stated.
“Following the successful disbursement of ₦1.5 billion to four actors and producers for their movie projects, we are excited to support even more creative initiatives.”
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The fund, is a significant financial boost for Nollywood, has garnered attention from traditional financiers and global streaming giants like…
Source: Guardian Newspaper
