Nollywood to get new film funding from Crystal Awards

Investment

Chairperson of the Nollywood Business Forum, Zeb Ejiro has been speaking on the organization’s role in the Crystal Awards coming up in July. The movie and television producer and director explains that Nollywood will never be same after them.

He told us that the Managing Director of Exim Bank India has agreed to deliver a paper on low budget film financing. This model has worked well in India very and Nigeria banks should consider funding films in this way. Aside this, the Commonwealth Business Council led by Peter Longworth will also be on ground to explain to Nigerian what it means to have a vibrant entertainment industry.

“We have four days of serious business beginning from the 10th of July running through the 13th. The first two days will see discussion on film financing with emphasis on local and international distribution while the last two days will see us celebrating in the biggest party even in Nollywood which ends in the Crystal Awards.

Already the Nollywood Academy of Arts and Sciences have been selecting and classifying the awards categories, Dr. Victoria Ezeokoli, the Chairperson Governing Board of NAS and her group have already met severally to see that Nigeria gets a very befitting award ceremonies.

Continuing, Ejiro says we do not only want to do awards for awards sake, we want to improve the business climate of Nollywood so that people do not only talk about the glamour but to seek ways of financing the glamour.

After July 2008, I fervently hope that the Nigeria movie industry will not be same, if the new distribution frame work eventually comes on stream, everything will change for the better. We would launch the N50 million film fund where Nollywood producers could pull from. We have entries for over 17 scripts to be supported. We have received information that former UN scribe Kofi Annan will be in Nigeria to be part of the event. Also the biggest production company in India BR Production is set to collaborate with.