Pulse Nigeria is the most followed news and entertainment platform, informing and engaging young Nigerians round the clock, providing updates by the hour.

Pulse Nigeria

The Association of Movie Practitioners (AMPRAC) has decried the rising cost of filmmaking amid the current economic situation in the country.

Filmmakers cry that economic hardship is increasing cost of production | Pulse Nigeria

News Agency Of Nigeria

<h2>The Association of Movie Practitioners (AMPRAC) has decried the rising cost of filmmaking amid the current economic situation in the country.</h2>

Ifeanyi Azodo, National President of AMPRAC, in a telephone interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos, said the cost of filmmaking had doubled due to Naira depreciation.

“As at a year ago, a film could be produced with as low as ₦4.5 million but now you’ll need as much as ₦10 million, and due to this development, producers no longer engage actors and all as much as before,” Azodo said.

According to him, movie practitioners are diversifying to other businesses that can guarantee sustenance.

“To be factual, the entire situation is worrisome and we are all losing interest in filmmaking.

“Actors who receive ₦400,000 as their fee for each film produced now charge as high as one million Naira. This development cuts across all movie genres – Igbo, Hausa and Yoruba.

“Producers, directors, set designers, cinematographers and everyone involved in the value chain of filmmaking are now looking into alternative route,” he stated.

Azodo called on President Bola Tinubu to expedite action in ensuring stability in the economy as part of solutions to the hardship.

“Government needs to come to our aid, we should be encouraged in ways that provisions should be made for filmmakers to gain easy access to soft loans.

“Corporate organisations should also come in. This is a money spinning industry that should be assisted to boost our economy,” Azodo added.

Filmmakers cry that economic hardship is increasing cost of production

Pulse Picks

Business

News

Entertainment

Lifestyle

Politics

Local

Metro

World

News 

Celebrities

Music

Movies

Fashion

Beauty & Health

Relationships & Weddings

Food & Travel

Domestic

International 

Sports 

Celebrity Picks

Pulse Marketing

Explore categories

Influencer Awards

Company Pages

Breaking News & Top Stories | Pulse Nigeria

Video

Checkout our authors for the latest content across entertainment, sports, business and more. Be first to receive exclusive updates with your free subscription straight to your phone | Pulse Nigeria 

Authors | Pulse Nigeria

| Pulse Nigeria

Read the latest news across entertainment, sports, business and more. Be first to receive exclusive updates with your free subscription straight to your phone | Pulse Nigeria

Search for the latest content across entertainment, sports, business and more. Be first to receive exclusive updates with your free subscription straight to your phone | Pulse Nigeria

Search Results | Pulse Nigeria

Watch the latest videos across entertainment, sports, business and more. Be first to receive exclusive updates with your free subscription straight to your phone | Pulse Nigeria