Home Subscribe
News & Features Section
Quick find? Search 100s of Pages
Nigerian Newspapers
The Guardian
Weekly Magazines
Other News Sources

News Archive
Corporate Personalities
Classified Adverts
Interactive Homepage
Site Map

Like this site? Fill out and submit the form below to send an e-mail to your friend about it.
Privacy Policy

Your Friend's E-Mail Address:
Your E-Mail Address:
Your Name:

Nigerian Film Industry: From Bust to Boom (Posted 10th Aug, 2003) Tell your friends about this page! Email it to them.

Nigerian Film VillageFilmmaking and its marketing is the economic mainstay of some countries. Notable among these countries are India of old,  and to some extent, United States and France. In America film awards especially the Oscar awards is eagerly looked forward to by many artistes as it could mark a turning point in their careers. Also the Cannes Film Festival held in France is not easily toyed with by film makers.

The Nigeria film industry 15 years ago was nothing to write home about. Many of the films shot in the country were shabbily
produced with low quality film equipment. Again the storyline and scripting were bad with amateurs handling the story boarding. The only exceptions were the works of the late sage of the industry, Herbert Ogunde, who took Nigerian films across the globe. Though, there were few others whose works were globally applauded too.

Inside the Nigerian Film VillageBut a dramatic change has occurred with new buoyancy in the film industry. Today Nigerian films have become a source of
foreign exchange earnings for the country. The trend is fast changing with each day producing a new film in the market. Statistics show an annual turnout of over 1,000 films.

Quite unlike the past, the film industry is better organised and regulated. Bodies like the Film Makers Association,
National Copyright Commission, National Film and Video Censors Board and Actors and Actress bodies  among others are in place to bring sanity to the industry. Stake holders in the industry recently pooled resources to open a Nigerian Film Market in Surulere area of Lagos State, where un-pirated films at wholesale prices can be bought directly from the producers.

Films in Nigeria fall into different categories based on the language of production. We have films that are shot exclusively in Yoruba language, Igbo language, Hausa language and those in English language. Predominant among these films are those filmed in Yoruba and English language films, though some of the films shot in indigenous languages are subtitled in English. Unlike film makers in other parts of the world, a unique development in the Nigerian film industry most especially Yoruba films is the use of same actors' and actresses' stage names in different films. This allows for easy identification of your favourite actors or actresses.

Video Cassettes and VCDs of Nigerian Films For Sale at the Village All these positive developments have led to a gradual recognition of the Nigerian film industry by the world. Though, foreign exchange earnings are still in trickles it is believed that given the pace the industry is going, time will be the judge.

Government on its part is trying its best for the industry; although much is desired from them. The government has supported
the production of more indigenous movies especially those with historical and cultural inclinations. Key players in the industry are constantly appealing to the government to assist them by reducing the import duties on their equipment which are solely sourced from abroad. Also they desire an improvement of the economy and foreign exchange regime in order for them to be able to get the equipment at a cheaper price.

Part of the challenges faced by the industry is the menace of pirates and video clubs. Many of the films in the country are being reproduced by pirates and sold for cheaper prices thereby costing the producers Film Posters Galore on Lagos Roadstheir investments. Also, they face the problem of tackling the video clubs where new films are bought and rented causing potential loss in sales of such films. At other times, the film makers are accused of making some nude and obscene films and films depicting horrible rituals scenes.

Presently, the film industry is dominated by private investors. Though, abundant opportunities still remain to be tapped in the industry. Investment openings include: equipment sale and leasing, organised marketing and publicity, building of more cinema houses, film studios, script writing, video clubs, and better distribution chain, artist management among others.

Tell your friends about this page! Email it to them.


Our Recent Features

Six arrested over 'Nigerian email' frauds (ZDNet UK News)

"Give Localities Autonomy of Their Resources" Ishola Williams - Part 2 (55kb)

"Give Localities Autonomy of Their Resources" Ishola Williams - Part 1 (52kb)

International Finance Corporation (IFC) Projects in Nigeria

Nigeria and Foreign Direct Investments (FDI)

Sharia Imposes Discriminatory Punishments - Nigeria's Justice Minister

Private Universities in Nigeria: Focus on Covenant University

INTERVIEW - with P.R.O, Nigerian Customs Service

Prospects of Nigerian SMEs Under The Small and Medium Industries Investment Scheme (SMIEIS).

Central Bank of Nigeria: Monetary Policy, 2002 & 2003 (74kb)

Review of Nigeria's Stock Market in 2001

Interview with PRO, Nigerian Immigration Service

The Nigerian Investment Promotion Commission - The Journey So Far

Tourism Seminar Organised in Nigeria

Nigeria Set To Establish West Africa Free Trade Zone

ORACLE 9iAS Opens A Fresh Vista in E-Business in Nigeria

Nigerian Stock Exchange: Moving To Greater Height


Submit your comments about this site or something you found on it.
Privacy policy



Tick to receive updates

Home   News & Features   Govt & Govt Agencies   Capital Market   Investment Opportunities   Economic Data   Chambers of Commerce    News Archive   Tourism & Leisure   Corporate Personality of The Month   Useful Nigeria-Specific Sites   Classified Adverts   Submit your Email for News Alerts   Recommend Us to Someone   Search This Site   Site Map    Link to Us   Legal Notices/Disclaimer   About This Site   Privacy Policy   About Us   Contact Us


Copyright 2000-2001 bROADBASE(UK) Ltd & Broad End(Nig) Ltd. All rights reserved. Copyright 2000-2001 All rights reserved.