Noollywood‬ gets another ‪N‎2billion‬ fund from Goodluck Jonathan

Nigeria's President Goodluck Jonathan has set up a presidential intervention scheme to improve the technical and professional capacity in the value chain of the Nigerian Movies industry.

This new initiative is specially designed to address pressing challenges of poor distribution system and menace of piracy, which are stunting the growth no Nigerian movie industry. Jonathan held a closed-door meeting with top entertainment figures in ‪#‎Lagos‬.

The details of the meeting were not immediately disclosed but according to reports, the federal government last week launched the ‪#‎2billion‬ innovation distribution fund(IDF)aimed at improving and distribution of audio-visual content, cutting down on piracy, and protect intellectual property in the industry.

This is to ensure that those who put their efforts into film production are properly rewarded.