Labari Africa “will be open to established and emerging filmmakers, focusing on supporting projects that showcase Nigeria’s diverse culture and talent.”
Nigerian film director, Femi Ogunsanwo, as well as Tunde Leye, and Adedayo Amzat have teamed to fund Labari Africa, a new Nigerian film production company with a starting fund of three million dollars. The trio have revealed that this will be a start to other funds that will be raised in the next few years.
The first film from the fund is the recently-produced thriller, The Lagos Job, which is directed by Ogunsanwo, and stars Bimbo Manuel, Antar Laniyan, Frank Donga, Joselyn Dumas, Omowunmi Dada, Ade Laoye, and others.
The funders reveal that the production company will work towards creating new Nollywood feature films, short films, as well as provide mentorship for up-and-coming film creatives in the Nigerian film industry, including actors and filmmakers.
Speaking on the launching of Labari Africa, Leye notes that, “This $3 million fund will help provide the resources and support filmmakers need to bring their stories to life and showcase the incredible talent and creativity of the Nigerian film industry to the world.”
“We believe the time is right to bring expertise from the world of finance to bear on how our films are funded and ensure Nollywood’s continued growth and success. The fund will be open to established and emerging filmmakers, focusing on supporting projects that showcase Nigeria’s diverse culture and talent,” Amzat comments while speaking on the economic benefits of Nollywood to the country.