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Nollywood generates N126bn in the last three years

02 November 2012, 08:13

Lagos - Nollywood has produced a total of N126.4bn ($800m), making it the third highest film industry revenue earner in the world, NET reports.

According to the report,  Nigerian Export-Import Bank (NEXIM) managing director Robert Orya, Nigeria is Africa’s biggest movie producer, with a consistent production of over 2 400 yearly titles in the past three years.

American film industry, Hollywood is ranked first in world, and India’s film industry Bollywood takes second place.

For more details, visit NET

Tags nollywood

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