{
  "id": 19065186,
  "title": "Nollywood Financing, Nigerian Art Take Centre Stage as Odujinrin & Adefulu Marks 54 Years",
  "url": "https://urgent.news/2026/11/09/nollywood-financing-nigerian-art-take-centre-stage-as-odujinrin",
  "topic": "world",
  "section": "World",
  "published": "2026-11-09T01:23:02.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/11/09/nollywood-financing-nigerian-art-take-centre-stage-as-odujinrin-adefulu-marks-54-years/"
  },
  "original_language": "en",
  "account": "To mark its 54th anniversary, the commercial law firm Odujinrin & Adefulu organized an evening of Nigerian art and culture in Lagos. The event, titled “An Evening of Nigerian Art & Culture,” featured a fireside chat with Zulumoke Oyibo, Co-founder and Chief Operating Officer of Inkblot Productions. In the chat, Oyibo discussed the financing challenges faced by Nollywood filmmakers and the opportunities arising from the industry's growth. She noted that filmmakers often rely on family and friends for financial support, as these investors are more patient and open to believing in a project's vision. However, Oyibo highlighted the difficulty in securing institutional financing due to banks' requirement for collateral. To mitigate investment risks, Oyibo advised filmmakers to diversify their investments across multiple productions instead of committing all resources to a single project. She also emphasized the importance of collaborating with partners who share a common vision. The discussion touched on the potential use of intellectual property as collateral to secure financing for film productions in Nigeria. Oyibo explained that banks typically prioritize tangible assets over intangible ones and that the market had yet to develop the necessary infrastructure and risk appetite to support IP-backed financing on a large scale. She also praised Nollywood's progress in production quality and storytelling over the past decade, using Inkblot's \"The Wedding Party\" as an example. The event included an art exhibition organized in partnership with June Creative Art Advisory Limited, showcasing the works of seven Nigerian artists. Guided viewing sessions allowed guests to engage with the artists and learn about their creative processes. Additionally, a live saxophone performance by 16-year-old prodigy Temilayo Abodunrin added a musical element to the celebration. The event was attended by Odujinrin & Adefulu's founding partner, Chief Oladipo Odujinrin, Managing Partner Dr. Adeoye Adefulu, and partners Damilola Adetunji, Lucky Ayeki, and Olubukola Olabiyi.",
  "summary": "Sunday Ehigiator Nollywood financing, the growing influence of streaming platforms and the importance of intellectual property in the creative economy took centre stage as Odujinrin & Adefulu, a commercial law",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}