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34 Nigerian cinemas ‘generated N3bn’ in 2017

34 Nigerian cinemas ‘generated N3bn’ in 2017 %Post Title

Adedayo Thomas, executive director, National Film and Video Censors Board (NFVCB), says 34 cinemas in the country generated over N3 billion in 2017.

Thomas made the disclosure on Thursday in Warri during the ‘2018 World Intellectual Property Day’ organised by the ‘Friends of the Creator Foundation’ in conjunction with the Faculty of Engineering, Delta State University.

The theme of the event is ‘Powering Change: Women in Innovation and Creativity’.

Thomas said the creative industry, dominated by the womenfolk, was the next business destination in the country with its abundance low hanging fruits.

He urged the women not to see themselves as inferior before their male counterpart stressing that there was a reason for their creation.

“The film industry is the third most lucrative industry aside oil and agriculture,” he said.

“In 2017 alone, 34 cinemas generated over 3 billion and the industry is waxing stronger and dominated by women.

“Our women should not feel inferior, they should continue to take advantage of the creative industry.”

‘The Wedding Party 2-Destination Dubai’, which cost N300 million to make, has raked in over N500 million, making it the highest-grossing Nollywood film ever.

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