Film producers to partner CBN on single digit loan

Members of the Association of Movie Producers (AMP) in Nigeria said they have plans to partner with the Central Bank of Nigeria (CBN) to impress on commercial banks to grant members single-digit loans.

The newly elected President, Mykel Paris Ajaere, made this disclosure in Lagos during the official inauguration of the Association’s newly elected executives.

He said: “We are also going to create welfare packages for our members, which include health insurance, pension scheme, also brokering a Nollywood film industry finance scheme between AMP and Central Bank of Nigeria for more flexible terms for receiving loans.

“The loan is specifically for our members to draw and boost production funds at single digit interest which is capable of creating more jobs for the fast growing population of the youths.”