Sunday, November 14, 2010

$200m bonanza to the entertainment industry Who controls the fund?


Who controls the fund?
President Goodluck Jonathan last Saturday, at the 30th anniversary of the Silverbird Group, in Lagos, shocked Nigerian entertainers when he announced supporting the industry with a huge sum of $200 million  in recognition of the enormous contribution the entertainment sector has made over the years  towards the economic development of the country. Announcing the release, Mr. President explained that  the money which is to be managed by the Central Bank, will make funds available in form of soft loans to encourage  movie producers, musicians and other entertainers.
Recall that the president late last month acknowledged the contribution of Nigerian writers, musicians and movie producers when he wrote on his facebook message entitled, ‘Nigerian keep your culture” as part of his series of Nigerian at 50 years.
Read More:http://www.vanguardngr.com/2010/11/200m-bonanza-to-the-entertainment-industry-who-controls-the-fund/

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