Princewill, who served as one of the executive producers of "76," announced that an agreement has been reached with the Chief of Army staff, Lt Gen T Y Buratai, on the next film about Boko Haram.
Though details are not yet established, the film will focus on the activities and impact of the Islamic extremist group, Boko Harama, which is based in northeastern Nigeria.
Tonye Princewill is a Nigerian businessman and politician who was the 2015 Labour Party nominee for Governor of Rivers State.
He was one of the executive producers of the critically acclaimed historical drama, "76," which was directed by Izu Ojukwu, and produced by Adonis Productions and Princewill's Trust.
The cast of "76" were trained for 21 days by the Nigerian Defence Academy.
"76" is also the first film in Nigerian history to be shot inside the barracks.