Meta, the parent company of Facebook, has announced a major update that will empower content creators in Nigeria and Ghana to earn money on Facebook beginning July 1, 2024. With the new initiative, users in these countries who have amassed 5,000 followers or more will have the opportunity to capitalize on their content through Facebook monetization features.
In addition to this announcement, Meta has also rolled out two monetization features designed to support creators: In-Stream Ads on Facebook and Facebook Ads on Reels. These new tools will allow creators to generate income from their original videos.
Social media giant, Meta, has announced that Nigerian and Ghanaian content creators with 5,000 followers would, henceforth, earn money on Facebook starting from July 1, 2024.
The company also rolled out monetization features, In-Stream Ads on Facebook and Facebook Ads on Reels yesterday.
According to a statement released by Meta, the two features will enable creators to earn money for crafting original videos and cultivating community.
It also said eligible creators in both countries would be able to earn money for their video and reel content, with support in over 30 languages globally.
The statement read: “To use either product, creators must pass and remain compliant with Facebook’s partnership monetisation policies and content monetization policies and they must be at least 18 years old.
“Additionally, for in-stream ads creators must meet certain requirements such as having a minimum of 5,000 followers.”
Commenting on the rollout, Global Partnerships Lead, Africa, Middle East and Turkey, at Meta, Moon Baz, said: “Everyday, we’re inspired by the incredible African creators who use Facebook to tell their stories, connect with others and bring people together.
“This expansion will empower eligible creators in the vibrant creative industry across Nigeria and Ghana to earn money, whilst setting the bar high for creativity across the world and making Meta’s family of apps the one-stop-shop for all creators.
“In-stream Ads can play before, during or after on-demand videos, whether it’s pre-recorded content or when publishing a recording of a previous live stream.
“Types of In-stream Ads include Pre-roll Ads (which play before a video starts,), Mid-roll Ads (which play during videos), Image Ads (static image ads that display beneath the content) and Post-roll Ads (ads which appear at the end of videos).
