32 Nigerian movie projects have become the beneficiaries of the federal government grants from the Film Production Fund, one of the three components of the N3 billion Presidential Intervention Fund for the Nigerian movie industry, Project Act Nollywood.
The 32 film projects were selected out of the thirty eight, which applied for the Film Production Fund for the first batch of interviews concluded last week, After successfully scaling through rigorous assessment processes.
The production companies are Minek Entertainment and Films Limited, Denziot Intergrated and Logistics Ltd, Alternative Cinema, Zealview Nigeria Limited, Greenville Production, International Ltd, Akins Squared Limited (Akins Squared Productions), November Productions, Ruby Diamond Nigeria Limited, Green Waters Production, and Viseosonic Studios Limited.
Others are Brickwall Communications Ltd, Kasvid International Ltd, Ayiba Communications, Phoenix Visions Production Ltd, Tayekeni Productions Limited, Black Tower Production,
Karr Resources Ltd, Black Ivory Limited, 601 Realtime Ltd, Videofield International Ltd
Also benefitting from the grant are Ogeney Entertainment Ltd, Zeb Ejiro Productions Limited, Peculiar Communications Ltd, Golden Pyramid Productions Ltd,Wale Adenuga Productions Limited, Raconteur Productions Limited, Shadow Plus Motion Pictures, Karami Multimedia Limited, Azurfa Film Production Company Ltd, Ramat Productions Limited, Haszain Global Resources Ltd and BIK Entertainment.
According to a statement issued last night by Mr. Paul Nwabuikwu, the Special Adviser to the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, about 253 applications were received from film production companies during the application period between November 11, 2013 and February 28, 2014.
The Film Production Fund (FPF) is a N700 million instrument, which allocates grants to production companies and independent producers for the making of commercially viable films at any stage of production.
They include Pre-production (scripting, budgeting, location, cast and crew); Production (shooting, film set); Post-production (editing, sound, and graphics); and Marketing/distribution/exhibition (selling the movie to audiences).