Lagos - The Bank of Industry (BOI) is addressing the challenges of distributing Nollywood films by funding a distribution channel called G-Media, Nation reports
BOI will be collaborating with Nollywood distribution giant, Gabosky Films Inc.
The money is part of the $500million grant from the African Development Bank, (AfDB), to improve the country’s industrial and entertainment sectors.
A senior manager at BOI, Ibrahim Ahmed, senior manager, revealed that over N2.5 billion has been set aside for the entertainment sector, while about N1billion has already been distributed.
Read more at Nation