Are you a fledgling filmmaker and worried about getting finances for your project? Look no further; find film financiers below that are interested in supporting Nigerian filmmakers bring their ideas to fruition.
By Ayandola Ayanleke
The Nigerian filmmaking industry could be said to have been in existence informally since the existence of a people in the Nigerian geopolitical space. Nigerians and broadly, Africans, are known to be lovers of art in its totality, including drama and dance. The Nigerian cinematic scene, however, started getting recognition with the likes of Chief Hubert Ogunde, Ade Love, Eddie Ugboma.
However, after their generation arose, a crop of movie makers who also changed the narrative and gave Nigerian movies exposure beyond our shores rose to the scene. Even more recently, with the likes of Kunle Afolayan, the Nigerian cinematic scene experienced another dynamic where more attention is given to not just quantity but quality. Now, Nollywood (as the cinematic scene is informally called) is regarded as one of the important emerging sectors in the economy and it is projected to do even more.
Nonetheless, access to funds is one of the major challenges the sector is facing. Constantly, young and vibrant filmmakers are emerging but funding has proven to be an impediment. Luckily, there are film financiers that have seen the need to contribute their quota to this emerging future of the economy.
BOI Nollyfund: BOI Nollyfund is a Bank of Industry fund set aside for the Nigerian Creative Industry based on the recognition that even though the industry is one of the country’s most dynamic economic sectors, access to capital is one of the challenges of the industry. The fund is given in the terms of a maximum loan of N1 Billion with a 10% interest rate payable at the end of every month. Access to the funding will require applying online. Find more information at https://www.boi.ng/boinollyfund/
Accelerate Filmmakers Project: The Accelerate Filmmakers Project is an initiative of Accelerate TV of Access Bank. Accelerate TV prides itself as a multimedia outlet that takes pride in entertaining, educating and empowering their audience. One of the ways they empower is through the Filmmakers project. Entries are received from young Nigerians seeking to make a career in the filmmaking industry. 30 people are shortlisted and 15 picked after a second screening. This 15 are made to pass through rigorous training, after which the final five are selected and given a sizeable budget to produce their short film. For more information, visit https://acceleratetv.com/category/articles/accelerate-filmmaker-project/ or send a mail to firstname.lastname@example.org
Filmmakers without Borders: Filmmakers Without Borders is an initiative that funds filmmakers globally with grants and other funding initiatives. However, only projects that address any of the following issues are funded; social justice, women’s voices, youth voices, identity, cultural exchange, and climate change. Applications are welcome worldwide and applicants must be 18+ years. Go to http://filmmakerswithoutborders.org/grants/ for more information.
AFRIFF: Founded by Ms. Chioma Ude, AFRIFF (The Africa International Film Festival) aims to raise awareness about African Cinema. As part of its skill acquisition and youth development initiative, AFRIFF seeks to provide basic filmmaking expertise. Free training and education are provided by seasoned local and international instructors in scriptwriting, cinematography, sound for film, acting for the camera and visual post editing. AFRIFF also collaborates with Ford Foundation (a globally oriented private charitable foundation) to offer scholarships to female Nigerian filmmakers. These young filmmakers are sent to institutions abroad which encompass their various fields of discipline. Find more information by visiting https://afriff.com/ or send a mail to email@example.com
Script2Screen Africa: Script2Screen Africa is a filmmaking reality TV project with the aim to train 60 filmmakers to produce 4 short films and 1 feature that would address social ills in Nigeria. The vision of the initiative is to empower young filmmakers and transform the society using film. Visit http://www.s2safrica.com/ for more information.
The filmmaking industry is growing rapidly and getting to be a part of it has gotten easier with the help of the above-listed film financiers.
Editor’s Note: This article was originally published in The Spark Magazine. Find the magazine here to read other articles.