Stakeholders in film industry endorse establishment of national film development fund

THE Nigerian Film Corporation (NFC), Nigerian Copyright Commission (NCC), Nigerian Film and Video Censor Board (NFVCB) and National Broadcasting Commission (NBC) which formed the Quartet for the Nigeria Film Industry have endorsed the establishment of the National Film Development Fund to tackle the dearth of funding for film production and investment opportunities yet untapped in the Nigeria Film Industry.

According to statement issued by the Head, Public Affairs, Nigerian Film Corporation Mr Brian Etu, the four federal government agencies was in dare need of fund, support and assistance to enable it up to its contribution to the GDP of Nigeria from just over 1.5 percent to between 10 percent to 15 percent within five years.

According to the statement, the agencies which met under the aegis of the Quartet are desirous in pulling their resources through strategic partnership to ensure that the development of the Nigerian Film industry is sustainably pursued adding that the fight against piracy, intellectual property theft, effective distribution, sustainable market framework, digitalization and content development also topped discussions at the meeting.

The statement depicted that the quartet established in 2006 also decided to develop robust plan of action that will promote training of filmmakers and other stakeholders in both the art and business of film making.

In his remark at the meeting, NFC Managing Director, Dr Chidia Maduekwe commended other members of the quartet for their resolve to push for the realization of its objectives adding that more than before, the nation requires the commitment of government agencies to deliver on their mandates through attractive programmes and objective with positive impacts.

He said the resilience and investment of those in the business of film making should be protected always to guarantee return on investment as well as incentives for new entrants.

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