Nollywood Makes N1.72trillion in 2013

Source: Alayande Dayo -

Nollywood Makes N1.72trillion in 2013

There is no doubt that Nigerian film industry popularly called, Nollywood is growing to world's standard by the day. The industry has improved so rapidly that regular contemporary home videos are being replaced with box office and cinema flicks. Movie producers are now investing more capital in making films that have raised the quality of films in Nigeria.

This improvement has not gone unnoticed as the industry has made an average of N1.72 trillion in 2013.

In the last five years, the industry has been growing in terms of quality. Little wonder it has been rated the third most valuable movie industry in the world, behind Hollywood and Bollywood. The development has also impacted on returns.

Just as it has ranked third globally in terms of quality of production, it has grossed revenues that placed it on the same level.