300 Million Naira Nollywood Fund website opens today

The website through which potential beneficiaries of the N300 million capacity-building fund for the Nigerian film industry could access the largess will be activated at 12 noon today.
The website is www.projectactnollywood. com.ng.
The development, which is coming after several months of expectations by hundreds of the potential beneficiaries, signals the commencement of the fund as corporate and individual practitioners in various aspects of movie craft and production can apply for various specified grants to boost their skills and capacity.
The capacity-building fund, which was announced recently, is the first part of the N3 billion promised by President Goodluck Jonathan.
The Presidential Intervention Fund, called Project ACT Nollywood, is managed by Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, and the Minister of Tourism, Chief Edem Duke.
The capacity-building fund is the first of a series of initiatives planned under Project ACT Nollywood. It is made up of two components.
The first is a training fund of N150 million dedicated to training and skills acquisition for actors and actress.
The second component is the N150 million for existing Nigerian-owned private institutes that offer training courses, programmes and technical certification in the movie industry.
It is to be used for upgrading of existing facilities, procure equipment and develop internal capacity to offer a set of courses/training programmess which address key skills gap.
To benefit from the fund, interested institutes must show evidence of registration with relevant authorities before January 1, 2013 and be competent to train according to global best practices.