The Federation of Registered Guilds and Associations in Nollywood has called for a comprehensive review of the national film policy to reflect today's realities and dynamic nature of the industry. Dr Victor Okhai, Chairman of the federation, made the call during a news conference on Thursday in Lagos. He said to attract investment and grow the industry, policies that would foster a conducive environment for growth must be implemented. 'Imagine a Nollywood where every talent, from actors to directors, from scriptwriters to set designers, can thrive and reach their full potential. 'A Nollywood where our stories are told with authenticity; where our culture is celebrated; and where our industry is recognised for its excellence on the world stage. This is the vision of the federation He said going forward, the federation would intensify efforts in engaging government and financial institutions on pertinent challenges within the industry. He pledged the federation's commitment toward repositioning the indus try. Okhai said it was also the duty of the federation to promptly address inter-guild conflicts as the case may be. According to him, the federation comprised of leaders of the 18 registered guilds and associations within the industry. 'Today, we stand at the dawn of a new era for Nollywood. For the first time in our storied history, guilds and associations from the North, East, West, and South of Nigeria have come together under one unified body. 'This union is not just a symbolic gesture, it is a powerful testament to our collective strength, our shared vision, and our unwavering commitment to the future of Nollywood. 'The federation is more than just a name. It is our opportunity to work closely with government bodies and organisations both locally and internationally. 'As a federation, we will advocate tax holidays from the government, making it easier for new and existing productions to thrive. 'Accessible loans and grants will be pursued to support our filmmakers and creatives. We are advocating an Arts Endowment Fund to be established, to provide financial backing for ambitious projects and emerging talents,' he said. He said that the federation would work in harmony, seize every opportunity to transform dreams into reality, and shape the future of Nollywood. 'Our industry has faced numerous challenges, but it is in our challenges that we find our strength. 'Together, we will overcome obstacles, advocate better conditions for all our members, and ensure that the world recognises the brilliance of Nollywood. 'We will leverage our diverse talents and experiences to create a more robust and dynamic industry. 'Let us move forward with determination and purpose, knowing that our unity is our greatest asset. Together, we will write the next chapter of Nollywood's story, a story of collaboration, innovation, and success,' she said. Okhai noted that forging these partnerships, the federation would enhance the industry's creative economy, secure better opportunities for members, and establish Nollywood as a global powerhouse. 'Our unity will drive job creation, foster innovation, and create opportunities that were once unimaginable. 'Today, we make history. Today, we become pioneers of a movement that will contribute to the growth of our nation's creative economy. 'With The federation, we are not just participants in an industry; we are leaders, visionaries and champions of our culture. Urging members of the guilds and associations to work unanimously in advancing the industry, Okhai said with unity among guilds, challenges would be conquered. 'A true-life story that epitomises our potential is the international success of 'The Wedding Party'. 'This film, produced by a diverse team of talented individuals from various parts of Nigeria, showcases how collaboration within Nollywood can lead to groundbreaking success. 'The Wedding Party' not only broke box office records but also put Nollywood on the global map, proving that when we come together, we can achieve extraordinary feats. Source: News Agenc y of Nigeria