Multiple award-winning Nollywood filmmaker, Kunle Afolayan, has stated his belief that the Nigerian government is becoming supportive of the movie industry.
The 44-year-old praised the government for making loan services available for filmmakers in an interview with American publication, Variety.
“In terms of government support, to an extent, I would say government is trying. Recently the federal government through the central bank introduced another loan scheme. You can get a loan to build a cinema, or to make a film, and the interest rate is a quarter of what you get in commercial banks. And the flexibility is better. You can pay within 10 years. No commercial bank would ever give you that. That’s one aspect of support,” he said.
“Also, the Lagos State Government just commissioned six theaters that would double our cinemas [in Nigeria’s largest city], and four of them have been completed. This will also help the monetization of content. In those areas, our government seems to be doing well.”
Mokalik, the latest movie by Kunle Afolayan was recently acquired by American movie giants, Netflix.
Afolayan did not disclose the value paid for the acquisition but said the company had not announced when the films would be released on the platform.
Mokalik features singer Simisola Ogunleye, popularly known as Simi, in her debut acting role and Big Brother Naija ex-housemate, Tobi Bakre, among other actors.
