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Nigerian Artists contrast over $200 million intervention fund

Published: by NMN (Staff) Filed under: Exclusives Nollywood News - 1,496 Views

As a way of bringing succour to the practitioners in the entertainment sector, the Federal Government recently offered 200 million dollars as intervention fund to the industry. The development generated controversy among Nigerians especially as it came at a sensitive time when political machinations hold sway in the country. But Daily Sun spoke with a number of practitioners on the fund.
In This Photo: Segun Arinze

Segun Arinze, Actor, singer and AGN president

It is a good idea and we welcome it. It is a good thing and a welcome development. But intervention fund is not only for the movie industry as most people have erroneously thought. Probably it is because the movie industry is the most prominent.

The fund is for the entertainment industry in Nigeria, the movie industry is part of the larger entertainment industry.
But we should put our house together and start it very well. We should appreciate and respect the fact that the government is doing this for us. We should plan very well to move the industry to the next level. We also need to use the fund judiciously.

Bolaji Rosiji, former PMAN president

I am aware that President Goodluck Jonathan made it known at a recent outing in Lagos that the money has come from the World Bank. And that the president has done that on the advice of the Minister of Finance. The question is that is it not preferable if the money had come from the government of the country? I believe that the money can actually come from the government. I think the government of this country is rich enough to do that on their own. I mean to provide an intervention fund for an industry it knows has the capacity to generate bountiful returns that will boost the country
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