April 22, 2015 12:49 PM
With generous government grants and numerous appearances on the red carpet, Nigeria’s outgoing President Goodluck Jonathan made a mark in Nollywood – the country’s home-grown movie industry turned billion-dollar enterprise. As Jonathan prepares for his exit, it is uncertain times for Nollywood.
In the more than 20 years since Nigeria’s Hollywood emerged, Nollywood has grown from low-budget movies sold on VHS tapes to a $5 billion movie industry.
In a 2006 UNESCO study, Nollywood was ranked the second-most productive movie industry, ahead of Hollywood and behind only India’s Bollywood.
But it was an uphill struggle until Jonathan came along, said Mike Nliam, who works at the Association of Movie Producers in Nigeria.
“We have had tremendous support from this government. I think it’s the government that has really looked into the potential and what Nollywood can be,” said Nliam.
In November 2010, President Jonathan announced a $200 million fund designed to make it easier for Nigerian producers and film makers to get loans for their projects…
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