Nollywood Bags N1.7 Trillion in 2013

Nollywood is gradually nearing the world's standard in the monetary aspect. The industry seems to have 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. No wonder it has been rated 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.

This will encourage rampant investment to improve the Nollywood. More to come from our hollywood, Nollywood
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