Obaseki told the News Agency of Nigeria (NAN) in Abuja that the inability of film makers to access corporate funding was a major challenge for the industry.
The movie producer said that some filmmakers run into financial challenges during production which affects the quality and quantity of movies produced.
He said that the inability of industry stakeholders to access Federal Government’s N3 billion intervention fund called “Project: Act Nollywood’’ was slowing down activities in the industry.
According to Obaseki, training of filmmakers was the only benefit the industry had recorded so far following the N300 million capacity-building fund released by the federal government. [eap_ad_2] Obaseki said that 28 film directors had so far benefitted from the training.
“About 28 film directors have been to America for training and they are back; film producers are planning to go now,’’ he said.
NAN reports that the N300 million capacity-building fund was meant for two purposes of training of film makers and grants to existing Nigerian-owned private institutes that offer training courses in the movie industry.
The first training fund of N150 million was dedicated to training and skills acquisition for Nollywood practitioners in all competencies, while the other N150 million went to Nigerian-owned private institutes that offer movie courses.
Some scriptwriters, directors, producers, production engineers, technical assistants, actors, cinematographers and make-up artists have benefitted from the fund.
Pencil Film and Television Institute (PEFTI) founded in 2004 by Wale Adenuga is one of the Nigerian-owned private film institutes that would benefit from the capacity-building fund. (NAN) [eap_ad_3]