Federal Government Releases Second Batch of N5 Billion Creative Fund to Nollywood
The Federal Government has announced the disbursement of the second batch of the N5 billion Creative Fund, aimed at boosting Nigeria’s creative sector.
The Creative Fund, initiated in December 2023 in collaboration with Providus Bank, is designed to support the growth and development of the creative industry in Nigeria.
Fegho Umunubo, the Special Assistant to the President (Office of the Vice President) on Digital and Creative Economy, shared the news on Instagram. He wrote:
“N5 Billion Creative Fund 2nd Batch Launch. Under the renewed Hope Agenda of President Bola Tinubu (GCFR), we successfully launched the 2nd batch in partnership with Providus Bank at Eko Hotels last week Friday.
Following the successful disbursement of N1.5 billion to four producers/actors for their movie projects, we are excited to support more creative projects.”
The disbursement is expected to further enhance the production quality and global competitiveness of Nollywood.
