Nollywood Rates N126bn

The r Nigeria's film industry "Nollywood", was once again brought to
the fore as the managing director of the Nigerian Export Import Bank
(NEXIM), Robert Orya disclosed that the industry generated
aboutN126.4bn ($800m) in the last three years, thus making it the
third highest movie revenue earner in the world.

With a consistent production of over 2,400 yearly titles in the
pastthree years – 2,408; 2,514; and 2,621 in 2008, 2009 and 2010
respectively, NEXIM has revealed that Nigeria is Africa's biggest
movie producer. A 2011 data from the Nigerian Film and Videos Census
Board (NFVCB) indicated that 1,743 and 1,234 movies were respectively
registered and approved. The percentages produced in 2012 inthe main
languages were English (44%), Yoruba (31%), Hausa (24%) and Igbo (1%).
Meanwhile, the global film and entertainment industry is reported to
have raked in about N14.3trillion ($90.6billion) revenue in 2010, with
an increased projection of N16.2trillion ($102billion) in 2012.

In global rankings, Hollywood still sets the pace closely followed by
India's Bollywood with Nollywoodcoming in at third place.
source: NigerianEntertainment