2019: Money To Fall On Entertainers Following Buhari’s Directive
Access to financing has now become open to entertainers in Nigeria, but that is if the directive of President Muhammadu Buhari would be implemented without clogs.
Different investors in Nigeria have always complained of paucity of funds as a big challenge in growing a business in the oil-rich nation.
But on Monday, President Buhari directed the immediate provision of working capital to members of the nation’s entertainment industry by the Bank of Industry and the Nigeria Export–Import Bank.
The President gave the directive when he received members of Motion Picture Practitioners’ Association of Nigeria (MOPPAN) at the Presidential Villa in Abuja on Monday.
He expressed the hope that the capital when provided would unlock some of the trapped potentials in the entertainment industry and lead to growth.
“On funding, I have already directed the Bank of Industry and the Nigeria Export–Import Bank to engage your sector by providing affordable working capital.
“This funding will unlock some of the trapped potentials in the entertainment industry, leading to growth.
“Furthermore, I am tasking the Minister of Finance and Governor of Central Bank to ensure that these financial institutions immediately commence the engagement," he said.
The President assured them that his Administration was fully committed to supporting all sectors that would create jobs for the citizens while positively impacting on communities.
He, however, frowned at situations where few trouble makers had been using various media platforms to propagate negative and divisive messages.
Buhari, therefore, urged members of the MOPPAN to use their positions as entertainers and educators to counter such negative narratives, and to propagate positive messages to their audience.
Earlier in his remarks, the President of the association, Abdullahi Maikano, renewed the association’s determination to continue to promote ideals and values for the betterment of the society.
According to him, the association is also posed in tackling social menace and all forms of violence and security challenges in the society.
He, however, called for presidential intervention in reviving the cinema culture in the northern part of the country.
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