Practitioners who applied and were hoping that they would be granted the Innovative Distribution Fund (IDF) segment of N3 billion grant established by the Federal Government to solve the main challenges impeding the growth of the Nigerian movie industry may have to wait for the outcome of a committees report on the entire funding initiative.
The decision to put the disbursement of the distribution grant on hold followed a meeting between the Minister of Finance, Mrs. Kemi Adeosun, and some selected practitioners of the industry. The meeting, which held last Friday at the Ministry of Finance conference hall, also had representatives of the Minister of Information and Culture and key parastatals, like the National Film and Videos Censors Board, the Nigerian Film Corporation and the Nigerian Copyright Commission in attendance.
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