President Buhari directs banks to fund entertainers

President Muhammadu Buhari has directed the immediate provision of working capital to members of the nation’s entertainment industry by the Bank of Industry and the Nigeria Export–Import Bank.

The president stated this when he received members of Motion Picture Practitioners’ Association of Nigeria (MOPPAN) at the Presidential Villa, Abuja on Monday.

He expressed the hope that the capital when provided would unlock some of the trapped potentials in the entertainment industry and lead to growth.

“On funding, I have already directed the Bank of Industry and the Nigeria Export–Import Bank to engage your sector by providing affordable working capital.

“This funding will unlock some of the trapped potentials in the entertainment industry, leading to growth.

“Furthermore, I am tasking the Minister of Finance and Governor of Central Bank to ensure that these financial institutions immediately commence the engagement,’’ he said.

The president assured that his Administration was fully committed to supporting all sectors that would create jobs for the citizens while positively impacting on communities.

– Vanguard