When the Arterial Network Cultural Management Programme, on Friday, September 9, held its second review at the British Council in Lagos, the event was focused on fundraising. The second in the series, it was designed to address participants’ challenges through Nigerian case studies.
The Fundraising Review provided the platform for participants to interact with policy-makers, key stakeholders in the creative sector and representatives of financial institutions, said the organisers.
Among those who made presentations were the Director-General, Nigerian Copyright Commission (NCC), AfamEzekude, who gave an account of the journey with the copyright reforms project.
Access Bank’s AdeyemiEuba presented Access Nollyfund, the bank’s N1 billion worth of financing. The amount is designed for licensed production companies and independent producers, to part-finance the effective production and distribution of Nigerian movies, support the purchase of new fixed assets geared towards the production of high quality movies and to part-finance the expansion and enhancement of production centres and film-making hubs.
Dike Dimiri, Heritage Bank’s Divisional Head, Enterprise Risk Management, analysed the needs of the creative industry operators as a cycle revolving around content, infrastructure, finance and content. He also explained the bank’s approach which primarily focuses on financial advisory in determining appropriate financial solutions to the needs of the sector.
Arterial Network is a Pan-African network of artists, arts organisations, creative enterprises and activists engaged in capacity building, advocacy, research, cultural policy, information dissemination, publication of reports and best practice toolkits, all geared towards growing and strengthening the cultural and creative sectors in Africa. The Network is represented in Nigeria by the Committee for Relevant Art (CORA).
