The Federal Government has announced the disbursement of the second batch of the N5 billion Creative Fund to the Nollywood film industry.
The Creative Fund was established in December 2023 for Nigeria’s creative sector in collaboration with Providus Bank.
The Special Assistant to the President (Office of the Vice President) on Digital and Creative Economy, Fegho Umunubo made the announcement in a post via Instagram on Thursday.
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 the N1.5 billion to four producers/actors for their movie projects, we are excited to support more creative projects.”
