The NFC operates as a parastatal of the Federal Government of Nigeria, overseen by the Federal Ministry of Information and Culture.
Governed by an enabling Act, the Corporation is mandated to establish a robust framework for fostering a thriving and enduring film industry and cinema culture in Nigeria.
Through its initiatives, the Corporation actively contributes to the socio-economic advancement of the nation.
Currently, the Corporation is undergoing transformation processes to align with the African Union charter on communication and audiovisual, to evolve into a Film Commission.
The functions of the Nigerian Film Corporation include: The Nigerian Film Corporation (NFC) is 100% owned by the Federal Government of Nigeria (FGN).