Nigerian Comedian Basketmouth accuses film producers of misusing streaming funds, allocating only 10% for film production. In an interview with Arise TV, he emphasizes that these filmmakers use the remaining 90% for personal luxuries like houses and cars. Not naming anyone specifically, Basketmouth asserts, "They know themselves." This revelation comes amid concerns of Netflix’s possible exit from the Nigerian film industry. The issue highlights accountability in the industry. Ensuring financial transparency is essential for growth and sustainability in Nollywood.
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Question: How can the Nigerian film industry encourage responsible fund usage by producers? Share your thoughts!
