FG disburses 2nd batch of N5bn Creative Fund to Nollywood

The N5 billion Creative Fund’s second round of payments has been made public by the Federal Government.

In cooperation with Providus Bank, the Creative Fund was founded in December 2023 to benefit Nigeria’s creative industry.

The announcement was made in an Instagram post by Fegho Umunubo, the Special Assistant to the President (Office of the Vice President) on Digital and Creative Economy.

He wrote: “N5 Billion Creative Fund 2nd Batch Launch. Under the renewed Hope Agenda of President Bola Tinubu (GCFR), we successfully launched the 2nd batch in partnership with Providus Bank at Eko Hotels last week Friday.

“Following the successful disbursement of the N1.5 billion to four producers/actors for their movie projects, we are excited to support more creative projects.”

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