Nigeria’s film industry, also known as Nollywood, is struggling to access billions of naira pledged by banks and development institutions despite being a big employer of labour and foreign exchange earner.
The industry, which generates millions of dollars annually and supports thousands of jobs, still battles chronic underfunding that limits production quality and global competitiveness.
However, at the 14th Africa International Film Festival (AFRIFF) this week in Lagos, filmmakers voiced their frustrations, claiming that these funds rare
