Nigerian Film Corporation is a government-owned agency that regulates Nigerian films. It was established in 1979 under decree number 61 of the 1979 constitution. The NFC operates as a parastatal of the Federal Government of Nigeria, overseen by the Federal Ministry of Information and Culture. Governed by an enabling Act, the Corporation is mandated to establish a robust framework for fostering a thriving and enduring film industry and cinema culture in Nigeria. Through its initiatives, the Corporation actively contributes to the socio-economic advancement of the nation. Currently, the Corporation is undergoing transformation processes to align with the African Union charter on communication and audiovisual, to evolve into a Film Commission.

FUNCTION

• The production of films for domestic consumption and export
• The establishment and maintenance of facilities for film production The encouragement of the production by Nigerians of films through financial and other forms of assistance The provision of facilities for training and archiving of film, sound and video materials, like the Shoot training programme, etc The encouragement of the development of cinematograph theatres in Nigerian by Nigerians by way of financial and other forms of assistance
• The acquisition and distribution of films Industry support services Film festivals and the Nigeria International Film festivals Conducting of research into matters pertaining to film and the industry as a whole
• The carrying out of such or other activities as may be necessary and expedient for the full discharge of all or any of the functions conferred under or pursuant to the Act establishing the NFC.

SHAREHOLDING STRUCTURE

The Nigerian Film Corporation (NFC) is 100% owned by the Federal Government of Nigeria (FGN).^[5]

References