Letting Our Cre8ive Juices Come Alive

VC 1

Supporting the Nigerian Creative Sector is central to our mission at W-HBS. We are committed to providing services to aspiring, emerging and established creative entrepreneurs. This is because the industry helps us to achieve components in our mission such as job creation, economic growth and making the world a better place.

There is a need to harness the huge potentials that the Nigerian creative sector has to contribute to the national GDP so as to increase the 1.6% contribution it made to the rebased GDP. It is also important to  ensure that local content contribution to the growth of the sector is promoted. The entertainment sector is a key ‘job creation’ sector. For the movie sub-sector, the job creation potential is huge in the entire value chain from script writing to distribution.

All of these advantages prompted our acceptance of the project to help refine the Business Plan for Viva Cinema, Ilorin to Bank of Industry standards.

The outcome? In May 2015, Viva Cinema opened officially to the public during its launch event. 

There is still a need for more investment in the sector such as the need for standard studios, especially with the cinemas that are springing up so as to create more jobs locally. Most producers go to South Africa, Canada and United States of America to gain access to quality studios for the movies and adverts.

Bank of Industry continues its innovative support to the creative industry with its financing of the Viva Cinema chain. The Viva Cinemas at Ilorin, with four cinema halls is the second project of the company after the first opened in Ibadan in April, 2015.The gesture  is part of its ‘Nollyfund’ initiative, whereby an initial of N1.0billion has been earmarked, with a single obligor limit of N50million for individual loans.

 

How can we help you?

Do you want to need more information about the N1 Billion Nolly Fund?  Let’s talk about your company’s needs and how the N1 Billion Nolly Fund can work for you. W-HBS invites you to contact us to discuss your needs.






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