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Did You Know Nollywood Is Second Largest Industry Employer In Nigeria?

It is very obvious that Nigeria’s creative industry has been on the highway to success, with different forms of innovations and creative ideas. Nollywood according to researchers is the second biggest industry employer in Nigeria after Agriculture.
According to International Monetary Fund (IMF), in its Finance and Development magazine titled “Africa growth’s ups and downs”, says Nollywood employs over one million people in the country.

The Nollywood industry has been a pride for Nigeria and Africa at large as it boasts of being the 3rd largest film industry in the world, and the biggest in Africa, this industry has produced billions of movies that depict different aspects of life, the IMF also ascertain this fact

Nollywood industry currently accounts for N853.9 billion ($7.2 billion), or 1.42 percent of Nigeria’s GDP. “Big guns” and icons like Genevieve, kunleAfolayan, Joke silva, Omotola, RMD, Pete Edochi and a host of others are doing a lot to move the industry forward as well as groom young potentials into big actors and actresses. Omotola was named one of the top 100 most influential people by TIME magazine in 2013, alongside Michelle Obama and Beyoncé.

Nollywood movies are now more than ever gaining international recognition as global movie platforms like Netflix are earnestly buying movie right to lots of Nigeria movies like Sugar Rush, Living in bondage, and many others.

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