Veteran actor Emeka Ike has revealed serious concerns over the management of funds allocated to the Nigerian film industry.
In a recent interview, Emeka opened up about the N3 billion fund introduced to the industry during the administration of former President Goodluck Jonathan.
Project Nollywood, a 3 billion naira initiative launched in March 2013, was an important step towards revitalizing Nigeria’s film industry.
Before this initiative began, Nollywood was ridiculed for its low quality content, which affected its production and sales growth.
At the time, the initiative aimed to support filmmakers by providing grants for film scripts that supported skills development and industry infrastructure improvements.
The veteran said the funds were allegedly unfairly distributed to a select few, leaving many filmmakers without access to funds.
There are other examples of funding concerns in the industry.
In 2010, Jonathan’s government announced a $200 million (N32 billion) revolving loan plan, which also came under criticism due to accessibility issues. The movie star stressed that the industry’s structure and lack of cohesion are key factors contributing to the inadequate distribution of funds.
Emeka also advocated for stronger governance and the establishment of a formal industry framework to prevent similar problems in the future.
He noted that one of the factors hindering proper allocation of funds was lack of accountability, adding that the process would be better if the government worked with industry bodies such as the Actors Guild of Nigeria (AGN) and theater arts practitioners. He argued that it would have been transparent and fair. Association of Nigeria (TAMPAN).
“I would like to advise that in the future, if there are organizations like AGN, NANTAP, ANTP, AMP, the government should consider releasing such funds after establishing relationships with the organizations that represent us. I think so,” Emeka said.
He concluded: “It is not enough to just deal with individuals like me and Uncle Bob Manuel. This should be an industry-wide process with a clear framework that represents Nollywood as a whole.”
