Nollywood has become a vital driving force behind Nigeria’s economic growth, showcasing its remarkable impact by producing an impressive tally of 541 movies during the second quarter of the year, as reported by the National Film and Video Censors Board (NFVCB).
The Executive Director/CEO of NFVCB, Adedayo Thomas, made this disclosure in a statement released on a Friday in Abuja.
According to him, this valuable information was sourced from the Department of Film Censorship and Classification, a division within the board, and was compiled into the second-quarter report for the year.
He said that the significance of this data lies in its intended use as input for the nation’s Gross Domestic Product (GDP) compilation for the second quarter of 2023.
“By submitting this report to the relevant Federal Government agency, NFVCB ensures that Nollywood’s immense contribution to the economy is rightfully recognized and accounted for.
“Notably, there was a significant surge in movie production during this period, with a staggering increase from 280 films in the first quarter to an impressive 541 films in the second quarter. This notable uptick represents a remarkable upward slope of over 90 percent” Thomas said.
Analyzing the distribution of these films, the Abuja censorship center of NFVCB accounted for a considerable portion of the movies produced during the review period, with a total of 287 films. Following closely behind, Lagos contributed 155 movies, solidifying its position as another major hub of filmmaking in Nigeria.
The Onitsha censorship center followed suit with 82 films, while Kano center contributed 12 films, Port Harcourt contributed three, and finally, Abeokuta and Kaduna centers each contributed one movie, rounding off the production figures.
Nollywood’s role as a key contributor to Nigeria’s GDP cannot be understated, and this impressive second-quarter performance further solidifies its position as a prominent player in the country’s economic landscape. As the industry continues to flourish, it is sure to wield even more influence on both the cultural and financial fronts.
“The remarkable increase in output is an indication of the increased contribution of the film industry to economic growth in terms of direct and indirect jobs in the entire value chain in filmmaking.
“This undoubtedly reiterates the fact that our film industry remains a key contributor to the national economy as the films being produced are a clear reflection of the direct and indirect jobs the sector is creating.
“Our cordial relationship with the recognized guilds/associations in the industry has also played an important role, and we urge them to ensure that their members submit their films for censorship and approval.
“NFVCB as a Federal Government agency is committed to providing an enabling environment for filmmakers,” Thomas said.
NFVCB is a Federal Government agency that regulates the film and video industry in Nigeria.
The Board is empowered by law to classify all films and videos whether imported or produced locally.
It is also the duty of the Board to register all films and videos outlet across the country and to keep a register of such registered outlets among other functions.
“The remarkable increase in output is an indication of the increased contribution of the film industry to economic growth in terms of direct and indirect jobs in the entire value chain in filmmaking.
“This undoubtedly reiterates the fact that our film industry remains a key contributor to the national economy as the films being produced are a clear reflection of the direct and indirect jobs the sector is creating.
“Our cordial relationship with the recognized guilds/associations in the industry has also played an important role, and we urge them to ensure that their members submit their films for censorship and approval.
“NFVCB as Federal Government agency is committed to providing enabling environment for filmmakers,” Thomas said.
NFVCB is a Federal Government agency that regulates the films and video industry in Nigeria.
The Board is empowered by law to classify all films and videos whether imported or produced locally.
It is also the duty of the Board to register all films and videos outlet across the country and to keep a register of such registered outlets among other functions.
