Cannes 2013: Nigeria gets attraction

At an interactive forum on ‘Film Funding and Collective Management Organization in Nigeria’ filmmakers from around the world, including potential investors averred that the Nigeria film industry was indeed ripe for concerted and sustained investment inflow to enable it attract foreign and domestic investment and promotion of the sector.The Nigerian Film Corporation (NFC) is leading […]

At an interactive forum on ‘Film Funding and Collective Management Organization in Nigeria’ filmmakers from around the world, including potential investors averred that the Nigeria film industry was indeed ripe for concerted and sustained investment inflow to enable it attract foreign and domestic investment and promotion of the sector.
The Nigerian Film Corporation (NFC) is leading the National Film and Video Census Board (NFVCB), NEXIM Bank and the Lagos State Government (Film & Video Censors Department) to this year’s Cannes International Film Festival, which is also being attended by several other Nigerian film makers, critics and journalists.
NEXIM Bank representative at the forum and Technical Adviser to the Managing Director, Mr. Hope Yango, said   the Federal Government, through the agencies for film matters, should be encouraged to position Nollywood as an international brand that would attract investment to match the estimated N120 billion assessments envisaged for the industry.
While participants averred the need for the setting up of more Cineplex’s  and Theatres in Nigeria, Yango said, “A collective management Organization for the Nigerian Film Industry, was being established in Nigeria to address copyright and residual value management from film production activities for filmmakers.”
Mr. Tekena Benibo of the NFC , Ms Patricia Bala, Ag DG, NFVCB), Mr. Yango, Victor Akande, Art Editor, The Nation; Mr. Alex Eyengho,  President, ANCOP;  Mr. Afolabi Adesanya,  immediate past MD, NFC), and a host of other    Nigerians are attending the festival.
The Nigerian pavilion at the festival has recorded over 800 footfalls so far, since the festival began.