Nigerian Times

The Indian film industry popularly known as Bollywood currently ranks number one in the world for attendance and film production with over 1,000 films produced a year and approximately 90% of revenues derived from non-English language movies. Recent reports project the country's film industry to grow from $3.2 billion in 2010 to $5 billion by 2014. Bollywood films cost millions of dollars and the most expensive so far is Ra.One , a science fiction film with a budget of about USD 27 million. Copyright © 2012 Nigerians Report, International Digital Post Network Limited. All rights reserved. Tweet

Are Del-York International and the New York Film Academy not ripping off Ignorant Nigerians? It’s prohibitively expensive, even though we do need the training. Give us half that price and we’ll get the same kind of specialized resource persons from Asia to provide the same training. ~ Prof. Femi Shaka of the Department of Creative Arts, University of Port-Harcourt in Nigeria. The nascent popularity of Nollywood, the Nigerian digital film industry has attracted global attention since a UNESCO Report rated it the second largest movie industry in the world after the United States of America and ahead of India’s Bollywood. The largely homegrown industry has generated millions of naira and created thousands of jobs from Idumota in Lagos to Iweka in Onitsha and the environs in Eastern Nigeria where most of the producers and marketers hail from. Over 80 percent of the movies are home videos of what would be rated as B-movies and slapstick comedies of typical Nigerian st...

In loving memory of Tayo Aderinokun.the MD/CE of the Guaranty Trust Bank Plc who passed on to eternal glory on Tuesday June 14, 2011, in a Hospital in London, U.K. The Economics of Nigerian Film, Art and Business ~ by Tayo Aderinokun The world has continued to marvel at how Nigerians "manufacture" and "fabricate" scores of movies in a week. It is reported that but for India, Nigeria produces more movies in quantitative terms than any other country in the world. As joint stakeholders in the development of our motherland, I hope that my presentation today on the "social economics" of the movie industry will provoke processes that could move the industry forward. In the course of this presentation, I will be inviting you to join me as we journey through the past, the present and the future of the Nigerian film industry. There is a saying that today is tomorrow’s yesterday, in other words, where we are today is a reflection of our past and a foreshadow of our...