Why Nigeria is commercialising the film corporation - Lai Mohammed

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The Nigerian film industry, Nollywood, is the second-most prolific film industry in the world after India's Bollywood, producing at least 2,500 movies in a year, according to research group PwC.

But the industry has, in recent years, seen a fast-paced growth.

Nigerian cinema, the forecast says, is on the rebound with new theatres opening and production quality increasing, as well as box office revenue, increasing steadily over the forecast period. The minister said the government was ready to reposition the NFC for effective service delivery in this trying time.

He then called on state governments to invest in the provision of infrastructure for the entertainment industry, in view of its huge potential to generate employment and contribute to the economy.

Source: News Formal (newsformal.com)

 

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